We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Stord adds $120 million to series D venture round for warehousing, freight & fulfillment platform

Stord adds $120 million to series D venture round for warehousing, freight & fulfillment platform

Funding brings seven-year-old firm to $1.3 billion valuation as companies seek solutions to supply chain disruptions.

stord Software_Prefooter.jpeg
May 11, 2022
DC Velocity Staff
No Comments

The outsourced logistics platform vendor Stord plans to expand its capability to provide warehousing, freight, and fulfillment services on a single platform, thanks to a $120 million funding round, the firm said Tuesday.

The seven-year-old, Atlanta-based startup has now raised $325 million in total funding and achieved a valuation of $1.3 billion. The “series D extension” round was led by Franklin Templeton and follows an original “series D” round of $90 million in 2021 that included participation from 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 says its platform levels the playing field for mid-market and enterprise companies, as ongoing supply chain disruptions impact the entire global economy. In pursuit of that goal, the company in the past six months has increased its warehouse network to more than 1,000 facilities across the U.S. and grown its headcount from 400 to over 700 people, with plans to close 2022 with more than 1,000 employees.

"Supply chain infrastructure has yet to evolve to meet today's customer expectations or the complex needs of omnichannel business," Robert Stevenson, co-director of private investing with Franklin Equity Group at Franklin Templeton, said in a release. "The many supply chain challenges of the past few years have exacerbated this situation, exposing the fragmentation and rigidity of traditional supply chains. Stord connects physical supply chain infrastructure and services with cloud software, and opens up the power of world-class logistics as a scalable plug and play utility for growing brands."

In further support for fulfillment and delivery networks, investors today also provided $76 million of venture capital for the same-day freight company Mothership. The Austin, Texas-based firm now intends to use the capital to expand its on-demand freight platform nationwide, thanks to the new backing from Benchmark, WestCap, Bow Capital, former Con-way Freight CEO Douglas Stotlar, and others.

“The last two years have taught us the importance of the supply chain. I believe Mothership is leveraging technology and a marketplace model to have a bigger impact for consumers and carriers in the short-haul and final mile,” Benchmark General Partner Bill Gurley said in a release. “In the ongoing great logistics reshuffling, Mothership is built to help get things done in an increasingly on-demand world.”

Transportation 3PL Warehousing 3PL
KEYWORDS Mothership Stord
  • Related Articles

    E-commerce fulfillment 3PL ShipBob lands $200 million venture round

    Locus Robotics plans global expansion, increased R&D with $150 million venture round

    Supply chain visibility platform project44 plans new growth after $202 million venture round

Recent Articles by DC Velocity Staff

Research finds more women in supply chain leadership roles

Motive will develop more fleet management tech following $150 million round

Truck tonnage index fell 2% in April

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Now's the time to be a logistics professional

  • Autonomous trucking firms launch partnerships with freight transportation providers

  • Demand for piece-picking robots gains steam

  • Report: Delivery expectations intensify

  • Empty shipping containers stack up at U.S. port depots

Now Playing on DCV-TV

4fbb31a9 f7bf 4e1f b64f f0a3e195ef0f

Cubework alleviates e-commerce logistics challenges w/ flexible warehouse options

DCV-TV 4: Viewer Contributed
E-commerce firms, small and medium enterprises (SME), and e-tailers of all sizes have been hit hard by pandemic-driven supply chain and logistics issues. Online shopping demand is at an all-time high, and never before have last-mile logistics and warehousing been more important. But actually securing affordable and...

FEATURED WHITE PAPERS

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

  • Optimize AS/RS With Advanced Warehouse Execution Software

  • The Value of Genuine Parts and Service

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing