Funding round
Stord Series B
Stord, which works in omnichannel fulfillment services in Atlanta, raised $31M in a Series B round announced on 4 Dec 2020, led by Founders Fund. 7 firms took part. It is Stord's third venture round on record; the one before was a Series A in Apr 2019.
$31M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Stord did not disclose a valuation in this round. It came 20 months after Stord's Series A. It is 5.8% of the $531M Stord has raised in the venture rounds on record. Stord raised again 3 months later: a Series C round of $65M in Mar 2021. 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 17 Apr 2019, led by Kleiner Perkins $12M
- Series B this round 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
Founders Fund led the round with 6 other firms.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- Kleiner Perkins backs 285 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- B Capital backs 156 venture-backed companies new investor
- BoxGroup backs 175 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series B rounds in Warehousing & Storage within a year either side disclosed an amount; the median was $21M, and this round was 1.5 times the median. The closest in time, other companies' Series B rounds in Warehousing & Storage:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Warehousing & Storage | 14 Dec 2020 | $21M | not disclosed | Quona Capital |
| Warehousing & Storage | 12 Mar 2021 | $60M | not disclosed | not named |
| Warehousing & Storage | 16 Mar 2021 | $31M | not disclosed | BuildGroup |
| Warehousing & Storage | 18 Aug 2020 | $18M | not disclosed | Iron Gate Capital and Pando Ventures |
| Warehousing & Storage | 28 Jun 2021 | $20M | not disclosed | Paragon Partners and Aavishkaar Capital |
| Warehousing & Storage | 6 Jul 2021 | $19M | not disclosed | Mouro Capital |
| Warehousing & Storage | 26 Jul 2021 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Stord raise in its Series B round?
Stord raised $31M in its Series B round, announced in Dec 2020.
Who led Stord's Series B round?
Founders Fund led it, with Kleiner Perkins, Susa Ventures, Dynamo Ventures, Good Friends and B Capital and 1 more.
What was Stord's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Warehousing & Storage?
6 Series B rounds in Warehousing & Storage within a year either side disclosed an amount; the median was $21M, and this round was 1.5 times the median.
Did Stord raise again after this round?
Yes: a Series C round in Mar 2021 of $65M.