Amazon fulfillment competitor Stord raises $250M at $3B valuation
Quick Take
Stord, a logistics startup founded in 2015, has raised $250 million in funding, achieving a valuation of $3 billion. This capital will bolster its competition against Amazon in the fulfillment sector, enhancing its capabilities in supply chain management and warehousing.
Key Points
- Stord was founded by college students Sean Henry and Jacob Boudreau.
- The company has raised a total of $250 million in this funding round.
- Stord's valuation now stands at $3 billion.
- The funding will enhance Stord's logistics and fulfillment capabilities.
- Stord aims to compete directly with Amazon in the fulfillment market.
Article Excerpt
From source RSS / original summaryStord was founded in 2015 by then-college students CEO Sean Henry and CTO Jacob Boudreau while they were still at Georgia Tech.
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