Prime Highlights:

• Stord has acquired Shipwire, a fulfillment platform owned by CEVA Logistics, adding new locations, customers, and employees to its growing network.
• The acquisition positions Stord to compete with major players like Amazon and supports its plans for global expansion.

Key Facts:

• The deal adds 12 new locations and around 60 employees to Stord’s logistics network.
• Stord has raised $200 million at a $1.5 billion valuation, backed by investors including Kleiner Perkins, Founders Fund, and Salesforce Ventures.

Background:

E-commerce logistics startup Stord has grown its business by buying Shipwire, a fulfillment platform owned by CEVA Logistics. The deal, which closed on January 1 for an undisclosed amount, adds 12 new locations to Stord’s logistics network and brings approximately 60 new employees on board.

“This is a great network, great customers, great team to pull onto our technology and our combined scale,” said Stord CEO Sean Henry. “And with that scale, it spins our flywheel up.” The acquisition also brings dozens of new large and mid-market customers, along with AI-driven internal tools for execution, planning, and routing, further enhancing Stord’s operational capabilities.

Founded in 2015 by Henry, who left the Georgia Institute of Technology under the Thiel Fellowship, Stord has quickly grown into a notable player in the e-commerce logistics space. The Atlanta-based company has now completed seven acquisitions, including Pitney Bowes’ e-commerce fulfillment business, freight and logistics platform ProPack, and third-party delivery company Ware2Go, a UPS subsidiary.

Stord is part of a competitive market that includes ShipBob, Deliverr, Cart.com, and Shipmonk, offering services that help online merchants lower shipping costs and speed up deliveries. With e-commerce growing, Stord is working to compete with big companies like Amazon.

The company also plans to use CEVA’s large network and is looking to grow into countries like Australia and Asia. Its current logistics network spans the U.S., Canada, the U.K., and the Netherlands.

Last year, Stord raised $200 million in funding at a $1.5 billion valuation, with major investors including Kleiner Perkins, Founders Fund, Salesforce Ventures, and Strike Capital. With its growing network, advanced tools, and expansion plans, Stord is quickly becoming a strong player in the global e-commerce logistics market.