Stord Revenue, Valuation, Funding & Investors
Stord is valued at $3B as of May 2026, a 20.4x multiple on its last reported $147M revenue.
Last Stord valuation
$3B
Series F · May 2026
Last Stord funding round
$250M
Series F · May 2026
Stord revenue
$147M
Series F · May 2026
Key investors in Stord
Kleiner Perkins
Susa Ventures
Dynamo
Founders Fund
Bond
Strike Capital
About Stord
Stord is an Atlanta-headquartered commerce platform offering end-to-end supply chain services including warehousing, transportation, fulfillment, order management systems, and warehouse management software. Its distributed network covers the United States, Canada, the United Kingdom, and the European Union, powering brands like Patagonia and New Balance.
Founded
2015
HQ
Atlanta, GAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Revenue
$147M (May 2026)
Valuation
$3B (May 2026)
Stord Valuation
Stord is currently valued at $3B, based on its Series F in May 2026.
The $250M round included Baillie Gifford, BrandywineGLOBAL, Strike Capital, Kleiner Perkins, Lux Capital and 3 other investors.
Stord's valuation has grown 2.7x from $1.1B at its Series D in September 2021 to $3B in May 2026, across 4 priced rounds.
Stord valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2026 | Series F | $3B | 20.4x |
| May 2025 | Series E | $1.5B | 15.0x |
| May 2022 | Series D | $1.3B | - |
| Sep 2021 | Series D | $1.1B | 11.3x |
Stord Revenue
Stord's latest recorded revenue is $147M, as of its Series F in May 2026. At a $3B valuation, that implies a 20.4x revenue multiple.
Revenue grew from $100M in September 2021 to $147M in May 2026, while the revenue multiple moved from 11.3x to 20.4x.
Stord revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2026 | $147M | $3B | 20.4x | Series F |
| May 2025 | $100M | $1.5B | 15.0x | Series E |
| Sep 2021 | $100M | $1.1B | 11.3x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Stord Funding History
Stord has raised a total of $655M across 8 funding rounds.
Stord's first fundraising round was a $3M seed round in April 2018. The most recent completed round was a $250M Series F in May 2026.
Stord funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series F | Baillie Gifford; BrandywineGLOBAL; Strike Capital; Kleiner Perkins; Lux Capital; G Squared; Founders Fund; Bond | $250M | $3B | Stord raised $250 million in a Series F financing in May 2026 at a $3 billion valuation. The round was led by Strike Capital, with participation from Baillie Gifford, Kleiner Perkins, Founders Fund, Franklin Templeton, G Squared, Bond, and Lux. The company said the financing is intended to accelerate growth and expand its market leadership in commerce-enablement and fulfillment services for omnichannel brands. The announcement also framed the raise as part of Stord’s push to advance the physical intelligence layer for commerce, alongside a broader AI and automation strategy. Stord is an Atlanta-based commerce-enablement company that provides high-volume fulfillment services and e-commerce technology for omnichannel brands. In its prior 2025 financing, it raised more than $200 million at a $1.5 billion valuation, also with participation from Baillie Gifford among other investors. |
| May 2025 | Series E | Strike Capital (lead) | $80M | $1.5B | Stord, a commerce-enablement leader providing high-volume fulfillment services, e-commerce technology, and cloud supply chain solutions for omnichannel brands, raised more than $200 million in its Series E round on May 16, 2025. The equity portion was $80 million led by Strike Capital, with participation from new investors Baillie Gifford, NewView Capital, G Squared, and Georgia Tech Foundation, alongside existing backers like Kleiner Perkins, Franklin Templeton, Founders Fund, Bond, Sozo, 137 Ventures, and Lux Capital. The round also included a $120 million growth debt facility from Silicon Valley Bank and ORIX USA, elevating the post-money valuation to $1.5 billion. The funding supports Stord's expansion of end-to-end commerce infrastructure globally, acceleration of AI-driven capabilities, organic growth following four quarters of significant bookings beats, and potential strategic acquisitions. Key milestones since 2021 include 10x contracted revenue growth, sustained profitability achieved in 2024, acquisitions of ProPack Logistics and Pitney Bowes e-Commerce, and a record-breaking Q1 2025 with the highest sales bookings to date. Stord manages over $10 billion in annual commerce volume through its warehousing, transportation, OMS, pre- and post-purchase, and WMS platforms, serving brands like AG1, True Classic, Native, and quip. This Series E builds on prior rounds, including a 2022 Series D extension led by Franklin Templeton that brought total funding to $325 million at a $1.3 billion valuation, with early involvement from Strike Capital. Stord, headquartered in Atlanta with facilities across the US, Canada, and Europe, positions itself to level the playing field for brands competing with Amazon by enabling seamless consumer experiences from checkout through post-delivery at scale. |
| May 2022 | Series D | Putnam Premier IT (lead); Sozo Ventures; Salesforce Ventures; Strike Capital; 137 Ventures; Susa Ventures; Kleiner Perkins; Lux Capital; Dynamo; Founders Fund; Bond | $120M | $1.3B | Stord is a cloud supply chain provider offering an integrated platform that combines warehousing, freight, and fulfillment for e-commerce and omnichannel brands. On May 3, 2022, Stord announced an additional $100+ million in Series D financing led by Franklin Templeton, bringing the total Series D to over $200 million at a $1.3 billion valuation and total funding to $325 million. New investors included Sozo Ventures, Strike Capital, and 137 Ventures, with participation from Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital, and Salesforce Ventures. At the time, Stord reported record growth including headcount expansion from 400 to over 700 employees with plans to exceed 1,000 by year-end 2022, and addition of major brands like Thrasio, Native, Tula, JUDY, Curie, and One Fresh Pillow. The funding supported unification of logistics on a single platform amid booming e-commerce, projected to exceed $1 trillion in U.S. spending in 2022 and $25.65 trillion in B2B online commerce by 2028. Stord's growth continued post-round, ranking 57 on the 2022 Inc. 5000 with 6,247% three-year revenue growth rate as of August 2022. Later developments included sustained profitability in 2024, 10x contracted revenue since 2021, powering $6B+ of commerce, and expansions to 11 fulfillment nodes. |
| Sep 2021 | Series D | Kleiner Perkins (lead) | $90M | $1.1B | Stord is a logistics startup providing cloud supply chain solutions, including fulfillment and e-commerce logistics, headquartered in Atlanta and founded in 2015. On September 14, 2021, it raised $90 million in a Series D round led by Kleiner Perkins, with participation from Lux Capital, D1 Capital, Palm Tree Crew, BOND, Dynamo Ventures, Founders Fund, Lineage Logistics, Susa Ventures, and individuals like Michael Rubin, Carlos Cashman, Max Mullen, and Will Gaybrick. The post-money valuation was reported as $1.125 billion by TechCrunch, more than double the prior $510 million Series C valuation from March 2021, while Stord's press release stated $1.1 billion; this brought total funding to $205 million. The capital supported acceleration of growth, logistics network expansion, and the acquisition of Fulfillment Works to enhance capabilities. Stord demonstrated strong traction around the round, achieving over $100 million in revenue in the first two quarters of 2021 alone, following three consecutive years of 300+% growth through 2020 and on track for another in 2021. Headcount grew from 160 in 2020 to over 450 by mid-2021, including Fulfillment Works staff. The company positioned itself to democratize logistics for growing businesses amid e-commerce shifts, likening its platform to AWS for supply chains. This Kleiner Perkins-led tranche was the initial Series D, later extended in 2022 with $120 million from Franklin Templeton to $210 million total at $1.3 billion valuation. Stord continued scaling, reaching sustained profitability by 2024 and raising a $200 million+ Series E in May 2025 at $1.5 billion valuation led by Strike Capital. |
| Mar 2021 | Series C | Bond (lead); Salesforce Ventures; Lineage; Susa Ventures; Dynamo; Founders Fund | $65M | - | Stord is a cloud supply chain company providing end-to-end logistics solutions, including national warehouse capacity, digital freight shipping, an integrated network of over 500 warehouses and 20,000 carriers, and two-day e-commerce fulfillment from anywhere in the U.S. The company serves major clients like Schneider Electric, Dollar General, and Tyson Foods. On March 31, 2021, Stord raised a $65 million Series C round led by BOND, with participation from Lineage Logistics, Salesforce Ventures, and existing investors Dynamo Ventures, Founders Fund, and Susa Ventures. This brought total capital raised in the prior six months to $100 million, following a $31 million Series B in December 2020. Funds were allocated to build a world-class team, enhance customer focus, develop new products and features, and expand the logistics network. Stord reported doubling headcount in 2020 with plans to repeat in 2021, potentially reaching 250 employees. The company claimed 500% revenue growth in 2020, with projections to double that in 2021, noting software as its fastest-growing revenue segment. Six months later, in September 2021, Stord raised a $90 million Series D at a $1.1 billion valuation led by Kleiner Perkins, with participation from existing investors including BOND, Dynamo Ventures, Founders Fund, Lineage Logistics, and Susa Ventures, plus new backers like Lux Capital and D1 Capital. By the Series D announcement, Stord highlighted its third consecutive year of 300%+ growth, on track to repeat in 2021, and achievement of more than $100 million in revenue, alongside headcount growth from 160 in 2020 to over 400 in 2021. The company continued scaling, with later rounds including a $120 million Series D extension in 2022 at $1.3 billion valuation and a $200 million+ Series E in 2025 at $1.5 billion, reflecting sustained expansion in fulfillment nodes, international reach, and e-commerce capabilities amid competitive logistics pressures. |
| Dec 2020 | Series B | Founders Fund (lead); Susa Ventures; Kleiner Perkins; Good Friends; BoxGroup; Dynamo; B Capital; Ryan Petersen | $35M | - | Stord is a logistics technology company building an end-to-end cloud supply chain platform to enable fast, scalable supply chains for e-commerce and enterprise brands at lower costs. In December 2020, Stord raised a $31 million Series B round led by Founders Fund, with participation from existing investors Kleiner Perkins, Susa Ventures, and Dynamo Ventures, as well as strategic investors including Good Friends Fund (Jeffrey Raider), B Capital (Karen Page), and BoxGroup. Some sources list the amount as $35 million for the same round. The funding aimed to fuel growth, scale operations, expand the logistics network, and meet rising e-commerce demand amid supply chain disruptions. This Series B followed an April 2019 Series A of $12.4 million led by Kleiner Perkins. Stord's investors, including Founders Fund, Kleiner Perkins, and others, brought expertise in disrupting large industries like logistics. The company positioned itself to democratize high-quality consumer experiences in the $2 trillion global logistics sector, targeting inefficiencies for brands of all sizes. Subsequent rounds built on this foundation, with total funding reaching $325-529 million across multiple rounds by 2022-2025, supporting network expansion, technology enhancements, and acquisitions like Fulfillment Works. |
| Apr 2019 | Series A | Kleiner Perkins (lead); Tom Noonan; Susa Ventures; Service Provider Capital; Dynamo | $12M | - | Stord raised $12.4 million in its Series A round in April 2019 led by Kleiner Perkins, with participation from Dynamo, Susa Ventures, Service Provider Capital, and Tom Noonan. The funding aimed to expand logistics networks and enhance technology infrastructure. Stord, an Atlanta-based logistics startup founded in 2015, develops a cloud supply chain platform to help businesses manage e-commerce fulfillment and supply chain operations. Kleiner Perkins, a prominent venture capital firm, led this early-stage investment, continuing their involvement in later rounds such as the Series D. The Series A marked an early milestone for Stord's founders, who dropped out of college to focus on the business. Subsequent rounds included a $35 million Series B in December 2020 led by Founders Fund and a $65 million Series C in March 2021 led by BOND. |
| Apr 2018 | Seed | Dynamo (lead); Susa Ventures (lead); Engage Ventures; Tech Square Ventures; Revolution; Christopher Klaus | $3M | - | - |
Who has invested in Stord?
25 investors have backed Stord across its funding rounds, including Kleiner Perkins, Susa Ventures, Dynamo, Founders Fund, Bond and Strike Capital.
Lead investors include Strike Capital, Putnam Premier IT, Kleiner Perkins, Bond, Founders Fund and 2 other investors.
Stord Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | Apr 2018 | |
| San Francisco, CA | 5 | Lead | Apr 2019 | |
| Chattanooga, TN | 5 | Lead | Apr 2018 | |
| San Francisco, CA | 4 | Lead | Dec 2020 | |
| San Francisco, CA | 3 | Lead | May 2022 | |
| San Francisco, CA | 3 | Lead | Mar 2021 | |
| San Francisco, CA | 2 | Participant | Mar 2021 | |
| New York City, NY | 2 | Participant | May 2022 | |
| San Francisco, CA | 1 | Participant | May 2022 | |
 Edinburgh | 1 | Participant | May 2026 | |
| United States | 1 | Participant | May 2026 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Tom Noonan | Atlanta, GA | 1 | Participant | Apr 2019 |
| Detroit, MI | 1 | Participant | Mar 2021 | |
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Start Free TrialAcquisitions by Stord
Stord has acquired 6 companies to date.
Last acquisition by Stord was on January 5th 2026. Stord acquired Shipwire for undisclosed valuation.
Latest Acquisitions by Stord
| Description | Shipwire is a technology-enabled third-party logistics provider with a worldwide warehouse network and cloud platform for managing orders and inventory. It serves direct-to-consumer, retail, and dropshipping operations, emphasizing rapid, economical fulfillment and developer-friendly APIs alongside affiliate partnerships. | Penny Black is a direct-mail marketing platform that integrates personalized print materials into e-commerce order fulfillment. The service enables brands to insert custom flyers and campaigns during pick-and-pack, leveraging unboxing moments for customer retention. London-based, it guarantees 100 percent open rates through physical postcards added to shipments from warehouses worldwide. | Ware2Go is an Atlanta-headquartered fulfillment network, a UPS subsidiary, providing on-demand warehousing and shipping for e-commerce brands. Operating 25 facilities totaling 20 million square feet across the US, it handles 100 million orders annually with two-day ground delivery to 97 percent of households. Clients like iHerb and New Balance leverage its tech for inventory placement optimizing costs by 25 percent. | ProPack is a logistics provider headquartered in Lombard, Illinois, offering end-to-end supply chain solutions including freight forwarding, warehousing, and order fulfillment. It manages distribution centers across North America for e-commerce and manufacturing clients, handling LTL, truckload, and expedited shipments. Services feature temperature-controlled storage and reverse logistics, with customer service available via dedicated portals and 24/7 support lines. | |
| HQ Country | | | | | |
| HQ City | - | London | Atlanta, GA | Minneapolis, MN | |
| Deal Date | 5 Jan 2026 | 10 Jul 2025 | 19 May 2025 | 5 Apr 2024 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Stord Competitors
Stord competitors include listed companies like Delhivery and Karooooo, and private ones like Motive, Uber Freight, Peregrine.ai and Kpler.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Oklahoma City, OK | Private | $501M | - | $3.1B | 6.1x | |
| San Francisco, CA | Private | $211M | - | $3.3B | 15.6x | |
 India | Publicly listed | $1.1B | $80M | $3.4B | 2.7x | |
 Berlin | Private | $30M | - | $2.5B | 83.3x | |
 Brussels | Private | $300M | - | $3.7B | 12.3x | |
 South Africa | Publicly listed | $337M | $148M | $2.1B | 5.7x |
Stord Public Comps
Stord is still privately-owned, but its public comps include TravelSky, Delhivery, NextNav, Karooooo, GigaCloud Technology, Transfar Zhilian Co, SureKAM Corporation, EquipmentShare.com, Wuxi Boton Technology and Blackbuck.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $518M | 0.9x | 0.9x | 2.3x | 2.3x | |||
| $1.1B | $80M | 2.9x | 2.7x | 40.1x | 38.9x | |||
| $5M | ($169M) | 503.2x | 540.7x | (13.6x) | (48.0x) | |||
| $337M | $148M | 6.3x | 5.7x | 14.3x | 13.8x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $3.7B | $258M | 1.0x | 1.3x | 14.0x | 12.5x | |||
| $1.2B | $93M | 1.0x | 1.0x | 13.4x | 18.6x | |||
| $4.4B | $704M | 2.1x | 1.8x | 13.1x | 5.3x | |||
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Common questions about Stord
| When was Stord founded? | Stord was founded in 2015. |
| Where is Stord headquartered? | Stord is headquartered in Atlanta, GA, United States. |
| Is Stord publicly listed? | No, Stord is a private, VC-backed company. |
| What is Stord's valuation? | Stord was last valued at $3B in its Series F in May 2026. |
| How much funding has Stord raised? | Stord has raised $655M across 8 funding rounds. |
| What was Stord's last funding round? | Stord's last funding round was a $250M Series F in May 2026. |
| Who are Stord's investors? | Stord's investors include Susa Ventures, Kleiner Perkins, Dynamo, Founders Fund, Strike Capital, Bond, Salesforce Ventures, Lux Capital, Sozo Ventures, Baillie Gifford and 15 others. |
| What is Stord's revenue? | Stord's latest recorded revenue is $147M (May 2026). |
| What is Stord's revenue multiple? | Stord's latest valuation implies a 20.4x revenue multiple ($3B valuation on $147M of revenue). |
| Which companies are comparable to Stord? | Companies comparable to Stord include Motive, Uber Freight, Delhivery, Peregrine.ai, Kpler and Karooooo. |
| How many companies has Stord acquired? | Stord has acquired 6 companies, including Shipwire, Penny Black, Ware2Go, ProPack and Fulfillment Works. |
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