Stord Raises $250 Million at $3 Billion Valuation to Expand Logistics Against Amazon
Updated
Updated · Bloomberg · May 26
Stord Raises $250 Million at $3 Billion Valuation to Expand Logistics Against Amazon
3 articles · Updated · Bloomberg · May 26
$250 million in new funding will let Stord expand its fulfillment network as it pitches brands on alternatives to Amazon’s logistics muscle.
The round values the logistics technology startup at $3 billion, marking a fresh capital infusion for its push deeper into e-commerce operations.
Kleiner Perkins, Founders Fund and Strike Capital joined the financing, backing Stord’s effort to help merchants handle storage, packing and delivery at greater scale.