Stord has raised nearly $250 million in a Series F funding round at a $3 billion valuation as the commerce infrastructure company accelerates its investment into AI, robotics and what it describes as the “physical intelligence layer” for retail and ecommerce.
The round included investors such as Kleiner Perkins, Founders Fund, Franklin Templeton and Strike Capital, with the funding set to support the expansion of Stord Labs, a new division focused on advancing AI, robotics and automation across the company’s fulfilment and commerce network.
The announcement also highlights Stord’s wider acquisition strategy, with the company having completed eight acquisitions to date, including the acquisition of London-founded personalised packaging platform Penny Black in 2025 as part of its push into AI-powered post-purchase consumer experiences. Previous acquisitions have also included Ware2Go, Pitney Bowes’ ecommerce business, ProPack and Fulfillment Works.
Sean Henry, Founder and CEO of Stord, said:
“For years, every independent brand has been left to figure out on their own how to compete against the consumer experience Amazon has spent decades and hundreds of billions building. By every measure, independent brands have been losing. Stord exists to level that playing field. We give independent brands the complete commerce stack: the fulfillment network, software, and AI, to deliver a consumer experience that surpasses Prime. Our vertical integration and scaled network create compounding advantages that deliver better, faster, cheaper outcomes with every order we touch. As AI and physical intelligence advance across our platform, that advantage for our customers is rapidly accelerating.”
Stord says it now powers more than $15 billion in annual GMV and supports over 1,000 brands globally, with its network spanning nearly 100 fulfilment facilities worldwide. The business works with brands including AG1, True Classic, Goodr, Jolie, Native and Fatty15.
The company says demand for integrated fulfilment, software and AI tooling is increasing as brands look to scale omnichannel operations while maintaining ownership of their direct customer relationships.
One example highlighted by Stord was apparel brand True Classic, which used the platform to support its expansion across DTC, wholesale and retail channels.
Josh Bultz, COO at True Classic, said:
“As True Classic scaled from a DTC brand into a true omnichannel business, Stord has been the fulfillment partner that made it possible. Their ability to manage complex kitting, multi-retailer compliance, and high-velocity D2C shipping from a single network gave us the operational backbone to grow without compromise. Meanwhile, we’ve become a top user of their AI features, which has accelerated our business insights and enabled our organization to move faster than ever.”
Investors also pointed to the growing importance of combining software, fulfilment infrastructure and AI into a single commerce operating layer.
John Lagomarsino at Strike Capital said:
“Commerce infrastructure gets built once. From our earliest conversations with Sean Henry, it was clear Stord was assembling something rare: software, physical infrastructure, and AI combined in a way that turns fulfillment into a competitive advantage rather than a cost center. We believe the rise of agentic purchasing will increasingly favor platforms where software and physical operations are deeply integrated. Stord is building that infrastructure. That is why Strike is proud to deepen our partnership in this round.”
Ilya Fushman, partner at Kleiner Perkins, added:
“Modern commerce has created enormous operational complexity for brands. The next defining infrastructure layer has to connect the physical network, the software, and the intelligence layer behind every consumer experience. That’s what makes Stord so compelling. The company combines scaled fulfillment infrastructure, purpose-built software, and AI trained by the patterns of millions of deliveries. We believed in that vision when Kleiner Perkins first backed Stord in 2019, and our conviction has only grown as Stord turns fulfillment into a source of speed, clarity, and customer trust.”
