Funding round
Stord Series A
Stord, which works in omnichannel fulfillment services in Atlanta, raised $12M in a Series A round announced on 17 Apr 2019, led by Kleiner Perkins. 3 firms took part, 2 of them already investors. It is Stord's second venture round on record; the one before was a Seed in Apr 2018.
$12M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Stord did not disclose a valuation in this round. It came 12 months after Stord's Seed. It is 2.3% of the $531M Stord has raised in the venture rounds on record. Stord raised again 20 months later: a Series B round of $31M in Dec 2020. Its next priced round, a Series D in Sep 2021, valued it at $1.10B.
Stord's funding rounds
Stord has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 18 Apr 2018, led by Susa Ventures and Dynamo Ventures $2.4M
- Series A this round 17 Apr 2019, led by Kleiner Perkins $12M
- Series B 4 Dec 2020, led by Founders Fund $31M
- Series C 31 Mar 2021, led by BOND $65M
- Series D 14 Sep 2021, led by Kleiner Perkins $90M$1.10B post-money
- Series E 16 May 2025, led by Strike Capital $80M$1.50B post-money
- Series F 26 May 2026, led by Kleiner Perkins $250M$3.00B post-money
- Debt not a venture round 8 Oct 2026, led by Citi $400M
Investors
Who put money in
Kleiner Perkins led the round with 2 other firms. Susa Ventures and Dynamo Ventures had backed Stord before.
Lead investor
- Kleiner Perkins backs 285 venture-backed companies new investor
Also in the round
- backs 108 venture-backed companies existing investor
- backs 27 venture-backed companies existing investor
Joined the board: Ilya Fushman (Kleiner Perkins).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Warehousing & Storage:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Warehousing & Storage | 16 Apr 2019 | $12M | not disclosed | Canvas Prime |
| Warehousing & Storage | 26 Sep 2019 | $11M | not disclosed | Signal Peak Ventures |
| Warehousing & Storage | 1 Nov 2018 | $10M | not disclosed | SJF Ventures |
| Warehousing & Storage | 7 Oct 2018 | $5.5M | not disclosed | Aavishkaar Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Stord raise in its Series A round?
Stord raised $12M in its Series A round, announced in Apr 2019.
Who led Stord's Series A round?
Kleiner Perkins led it, with Susa Ventures and Dynamo Ventures.
What was Stord's valuation at the Series A round?
It was not disclosed.
Did Stord raise again after this round?
Yes: a Series B round in Dec 2020 of $31M.