Cart.Com Closes $240M New Funding As Explosive Growth Continues

Feb 03, 2022•over 3 years ago

Amount Raised

$240 Million

Description

Cart.com, the end-to-end ecommerce leader, today announced $240M in new equity and debt funding. Legacy Knight Capital Partners, the growth equity arm of Legacy Knight Multifamily Office, led the equity round with participation from Citi Ventures, Visa, and other Fortune 100 brands. J.P. Morgan and TriplePoint Capital provided the venture debt financing

Company Information

Company

Cart.Com

About

Cart.com is the first end-to-end ecommerce solutions provider delivering a fully integrated and owned suite of software, expert services, and infrastructure to enable the speed, sophistication, and scale needed by growing brands. Founded in September 2020 by experienced ecommerce experts, Cart.com is on a mission to put brands back in charge of their ecommerce journey and their customer relationships as the premiere ecommerce-as-a-Service (ECaaS) provider in the ecommerce services space. Cart.com offers a wealth of business solutions - including online store software, digital marketing and advertising services, fulfillment services, financial services, and customer service capabilities so brands of any size are able to work with a single partner to attain the same capabilities as some of the world's largest companies.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech