Citi has led a $400m credit facility for Stord, an Atlanta-based e-commerce fulfilment and software company, with Morgan Stanley and JPMorgan joining alongside Silicon Valley Bank (SVB), Citizens and KeyBank.
Stord said the facility closed oversubscribed at nearly double the amount it originally sought. The company said the capital will be used to expand its fulfilment network, accelerate automation and robotics work at Stord Labs, its robotics and AI lab at its Atlanta headquarters, and invest further in its commerce software and AI.
Stord chief executive and co-founder Sean Henry said: "This facility, combined with our $250 million Series F, gives us the balance sheet to match the scale, potential, and impact of what we're building. We will use this capital to expand our fulfillment network, accelerate our deployment of robotics, and invest aggressively in AI through Stord Labs."
Stord raised a $250m Series F at a $3bn valuation in May 2026, led by existing investors, in a round that included Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton and Baillie Gifford. Stord said it is approaching a $1bn revenue run-rate, has grown tenfold over four years and has secured $650m of equity and credit capacity in 2026.
Stord provides fulfilment, commerce software, AI and applied robotics for consumer brands selling direct, with nearly 100 fulfilment locations, more than 1,000 brands and over $15bn of GMV processed annually.
In May 2025, Stord raised more than $200m, combining a Series E led by Strike Capital at a $1.5bn valuation with a debt facility from SVB and ORIX USA. Fortune reported at the time that the package comprised an $80m Series E and $120m of debt.
The facility was announced alongside the appointments of Bill Zerella, previously chief financial officer of ACV Auctions, as chief financial officer and Mark Wayland, previously chief revenue officer of Box, as chief revenue officer.