Stord Raises a $250 Million Series F at a $3 Billion Valuation

Stord Las Vegas facility, 2026

Eight years ago, I met a 20-year-old Georgia Tech dropout in Atlanta who told me he was going to build an Amazon Prime-like fulfillment network for every brand. It was ambitious yet easy to understand. I led the seed round and have served on the board ever since.

Today, Stord announced a $250 million Series F at a $3 billion valuation, doubling the company’s valuation in just twelve months.

Sean Henry and Jacob Boudreau have built a great business. It’s never been easy, as we’ve navigated two significant supply chain disruptions in covid and tariffs. But the north star has stayed the same: allow every brand to deliver the kind of consumer experience that used to require Amazon-scale infrastructure.

In a world of AI, where software becomes increasingly easy to build, businesses like Stord that deeply integrate bits and atoms are more defensible than ever. Today, Stord delivers packages to 20% of US addresses, powered by a network of physical assets tied together with powerful custom-built software. If you step into a Stord 1P warehouse, as I did last week, the operational complexity will amaze you. That’s both the challenge and the moat.

Along the way, we introduced Sean to our friends at Kleiner Perkins, Founders Fund and Bond Capital, who joined us for the journey. It’s been a career highlight for me to work with this team and I’m excited to see what we can accomplish in the next eight years and beyond.

-Chad

Stord Las Vegas facility, 2026