Stord, an Atlanta, Georgia-based cloud supply chain leader, announced that it raised an additional $120 million in Series D financing now valued at $1.3 billion.
The round was led by Franklin Templeton, bringing the total round to $210 million. Stord recently crossed $200 million in annualized revenue run-rate and has raised $325 million in total funding.
Participants across the entire Series D financing included new investors Sozo Ventures, Strike Capital, and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital, and Salesforce Ventures.
Stord plans to use the additional funding to continue expanding its capabilities across logistics and technology, while further building out its industry-leading team.
Company: STORD, Inc.
Raised: $120.0M
Round: Series D Ext.
Funding Month: May 2022
Lead Investors: Franklin Templeton
Additional Investors: Sozo Ventures, Strike Capital and 137 Ventures, Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital, and Salesforce Ventures
Company Website: https://www.stord.com/
Software Category: Cloud Supply Chain
About the Company: Founded in 2015, Stord is the leading cloud supply chain platform enabling companies to compete and grow with world-class logistics – including warehousing, freight, and fulfillment – in a single, integrated platform that's available exactly when and where they need it. Hundreds of B2B and B2C companies like BODYARMOR, Advance Auto Parts, and Dollar General use Stord to make their supply chains perform with the speed, flexibility, and ease of the cloud. Led by former operators from Amazon, XPO, and Manhattan Associates, Stord is headquartered in Atlanta.
Source: https://www.prnewswire.com/news-releases/stord-raises-120-million-as-brands-embrace-cloud-supply-chain-to-replace-legacy-logistics-solutions-and-disconnected-technologies-301543798.html