Stord Closes $250M Series F
Benzinga reported Tuesday that logistics and fulfillment startup Stord has closed a Stord Series F round of $250 million, valuing the Atlanta-based company at $3 billion. The round drew participation from Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, Bond, and Lux, among other investors.
A New AI Initiative Launches Alongside the Raise
Alongside the funding announcement, Stord unveiled Stord Labs, a dedicated research arm focused on robotics, agentic AI, and advanced automation. The lab, also based in Atlanta, is designed to test and deploy next-generation tools across Stord’s fulfillment network. Founder and CEO Sean Henry said the company’s goal is to give independent merchants a delivery experience comparable to what consumers expect from Amazon Prime.
The fresh capital will support what Stord describes as a “physical intelligence layer,” a system that integrates fulfillment logistics, proprietary software, and operational data into a single platform for brands that lack the infrastructure of major retail giants.
Revenue Growth Points to an AI Inflection
Stord’s financial trajectory has accelerated sharply in recent years. The company nearly grew revenue tenfold over the past four years and cited the period roughly six months after ChatGPT’s public debut in late 2022 as a clear turning point in demand for its services.
Software revenue tripled during 2025 alone, with management claiming the segment is expanding faster than the broader AI sector. New customer bookings in Q1 2026 more than doubled compared to the previous quarter, pointing to continued commercial momentum heading into the second half of the year.
Background: Eight Acquisitions and a Long Relationship With Kleiner
Stord is no stranger to aggressive growth through deal-making. The company has completed eight acquisitions to date and currently employs more than 4,000 people. Kleiner Perkins is not a new face at the table either, having first backed the company back in 2019, making this Series F a continuation of a relationship spanning seven years.
The round adds to a broader wave of capital flowing into AI-enabled supply chain and logistics startups. Investors have grown increasingly interested in companies that can bring software intelligence to physical infrastructure, particularly as e-commerce brands look to compete with the fulfillment speed and reliability that large platforms have normalized for consumers.
Stord’s combination of owned logistics infrastructure and proprietary AI software positions it as a vertically integrated bet on that trend, one that a notable cross-section of growth and institutional investors are now willing to fund at a significant premium.
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