Logistics Tech Firm Stord Raises $250M, Reaching $1.3 Billion Valuation
Cloud supply chain company Stord has secured $250 million in a Series D funding round, elevating its valuation to $1.3 billion. The investment, co-led by Franklin Templeton, is aimed at expanding the company's technology and logistics network. This funding will help Stord enhance its platform, which integrates warehousing, freight, and fulfillment services. The move follows Stord's recent acquisition of freight forwarder Transportify, strengthening its end-to-end capabilities for customers.
Official Source: https://theloadstar.com/stord-raises-250m-at-3bn-valuation/
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