Cart.com raises $60 million in latest funding round
Commerce solutions provider Cart.com announced it has raised $60 million in a Series C funding round, taking the U.S. firm to a pre-money valuation of $1.2 billion.
The round included participation from B. Riley Venture Capital, Kingfisher
“We are proud to partner with this prestigious group of investors to accelerate our growth and continue to deliver best-in-class solutions to our customers,” said Omair Tariq, CEO and co-founder of Cart.com.
“As a leading commerce software and services provider, we are focused on enabling our customers to compete and win across every channel through digital tools and digitally driven logistics capabilities. We will continue to invest in our industry-leading commerce data capabilities, which are built to address the specific inventory, channel and supply chain challenges facing enterprises.”
Founded in November 2020, Cart.com is among the fastest-growing commerce and logistics enablement leaders, with nearly 6,000 brands on its platform. In 2022, the company grew revenue by more than 500% across its software, services and fulfillment offerings and doubled its gross merchandise value and fulfillment footprint.
