E-commerce logistics company Stord has raised a $250 million round at a $3 billion valuation, it announced Tuesday. This doubles its valuation from a year-ago round.

The new funding was led by Strike Capital with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond.

Stord was founded in 2015 by then-college students CEO Sean Henry and CTO Jacob Boudreau while they were still at Georgia Tech. It was soaring along, run by the two young founders, through the frothy pandemic-era of VC funding, hitting unicorn status in 2021.

The startup survived the subsequent VC funding winter and in 2025, raised a $200 million mega round, also led by Strike Capital, that brought it to a $1.5 billion valuation. It has now raised a total of about $775 million to date.

Stord offers a network of physical warehouses and inventory management software for e-commerce. It bills itself as a sort of anti-Amazon, giving brands “the speed to compete” while still owning their customer relationships. In this AI age, the Atlanta-based fulfillment startup is gaining attention again, especially after it added an AI interface to its software. It was recently highlighted by Google at the tech giant’s Cloud Next conference in April.