Funding round
Cart.com Growth
Reported as "Growth Equity"
Cart.com, which works in unified commerce and logistics solutions in Houston, raised $50M in a Growth round announced on 12 May 2025, at a $1.60B post-money valuation. 3 firms took part. It is Cart.com's sixth venture round on record; the one before was a Growth in Dec 2023.
$50M
Amount raised
$1.60B
Post-money valuation
3
Investors
no lead named
1.3x
Step-up from the Series C
$1.20B in Jun 2023
3.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cart.com at $1.60B after the new money, 1.3 times the $1.20B of its Series C (Jun 2023). The $50M bought investors about 3.1% of the company. It came 17 months after Cart.com's Growth. It is 7.3% of the $683M Cart.com has raised in the venture rounds on record. Cart.com raised again 10 months later: a Growth round of $180M in Mar 2026.
Cart.com's funding rounds
Cart.com has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 15 Apr 2021, led by Mercury Fund and Arsenal Growth $25M
- Series B 11 Aug 2021, led by Oak HC/FT $98M
- Growth 3 Feb 2022, led by Legacy Knight Capital Partners $240M
- Series C 27 Jun 2023, led by B. Riley Venture Capital $60M$1.20B post-money
- Growth 21 Dec 2023 $30M
- Debt not a venture round 17 Jul 2024 $105M
- Growth this round 12 May 2025 $50M$1.60B post-money
- Growth 3 Mar 2026, led by Springcoast Capital Partners $180M
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- BlackRock new investor
- Neuberger Berman new investor
- backs 7 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
413 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Grammarly Tech Companies | 29 May 2025 | $1.00B | not disclosed | General Catalyst |
| Jane Tech Companies | 29 May 2025 | $500M | $1.80B | Technology Crossover Ventures |
| Tech Companies | 27 May 2025 | $112M | not disclosed | eB Capital |
| Tech Companies | 12 May 2025 | $110M | not disclosed | Osprey and Columbia Lake Partners |
| Tech Companies | 5 May 2025 | $100M | not disclosed | Thoma Bravo |
| Tech Companies | 21 May 2025 | $60M | not disclosed | White Star Capital |
| Tech Companies | 16 May 2025 | $46M | not disclosed | Morgan Stanley |
| Tech Companies | 14 May 2025 | $36M | not disclosed | Altira Group and Aramco Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Cart.com raise in its Growth round?
Cart.com raised $50M in its Growth round, announced in May 2025.
Which investors took part in Cart.com's Growth round?
BlackRock, Neuberger Berman and eGateway Capital.
What was Cart.com's valuation at the Growth round?
$1.60B post-money.
How does it compare with other Growth rounds in Tech Companies?
413 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median.
Did Cart.com raise again after this round?
Yes: a Growth round in Mar 2026 of $180M.