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Today: July 22, 2024
December 21, 2023
1 min read

Cart.com scores $30 million in funding for explosive growth.

Key Points:

  • Cart.com has received $30 million in growth capital from Trinity Capital.
  • The funding will be used to scale operations and continue offering unified commerce and logistics solutions.

Cart.com, a provider of unified commerce and logistics solutions, has secured $30 million in growth capital from Trinity Capital. The funding will be used to scale operations and continue offering its services to multichannel merchants.

Cart.com provides physical and digital infrastructure to unify operations across channels, allowing merchants to sell and fulfill orders wherever their customers are. It offers a suite of digitally-driven logistics capabilities, order management software, and expert services to simplify commerce for middle-market and enterprise companies.

The company supports over $8 billion in gross merchandise value and operates 14 omnichannel facilities across the US, totaling over 8 million square feet of space.

This recent funding comes after a Series C equity funding round in June, where Cart.com raised $60 million at a valuation of $1.2 billion. The round included participation from various investors, including B. Riley Venture Capital, Snowflake Ventures, and Prosperity7 Ventures.

The additional growth capital from Trinity Capital will enable Cart.com to further expand its operations and meet the growing demand for its unified commerce and logistics solutions. The company aims to continue empowering multichannel merchants to sell and fulfill orders seamlessly across various channels.

Overall, Cart.com’s ability to provide physical and digital infrastructure, along with its suite of logistics capabilities and expert services, sets it apart in the market. With the support of Trinity Capital and its previous funding round, Cart.com is well-positioned to continue scaling its operations and remain a leader in the unified commerce and logistics industry.

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