Cart.com, an Austin, Texas-based end-to-end ecommerce company, raised $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.
The company, which has has now secured $380M in capital to date, intends to use the funds to continue to expand operations and its business reach nationally and internationally.
Led by Omair Tariq, CEO, Cart.com is an end-to-end ecommerce solutions provider delivering a fully integrated and owned suite of software, expert services, and infrastructure to scale businesses online. The company offers a wealth of business solutions including online store software; digital marketing, fulfillment, and financial services; customer service capabilities; multichannel management; and unified analytics across all areas of commerce and marketing performance.
Adding to its existing capabilities in marketing, fulfillment, storefront management, and analytics, recent acquisitions have included FB Flurry, a tech-driven DTC and B2B fulfillment and customer care provider, and SellerActive, a provider of SaaS multichannel ecommerce tools.
Cart.com has processed more than $3 billion in gross merchandise value (GMV) over the last twelve months.
