Cart.com, a leading provider of commerce solutions, has successfully raised $60 million in its latest funding round, bringing the company’s valuation to $1.2 billion. This Series C funding round saw the participation of notable investors, such as B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight, and others.

The Austin-based company plans to utilize this new investment to cater to the growing demand from enterprise and B2B clients, accelerate its international expansion efforts, and further develop its software portfolio. By securing this funding, Cart.com aims to continue delivering top-notch solutions to its customers.

Omair Tariq, the CEO and co-founder of Cart.com, expressed his pride in partnering with such a prestigious group of investors to fuel the company’s growth. He highlighted Cart.com’s commitment to empowering customers to compete and excel in the digital age through their commerce software and services. The company intends to invest in its commerce data capabilities, specifically addressing the unique challenges faced by enterprises in inventory management, channel optimization, and supply chain operations.

Since its establishment in November 2020, Cart.com has rapidly established itself as a leader in commerce and logistics enablement. With almost 6,000 brands already on its platform, the company has experienced significant growth in 2022. Its software, services, and fulfillment offerings have seen a remarkable revenue increase of over 500%. Furthermore, Cart.com has successfully doubled its gross merchandise value and expanded its fulfillment footprint.

As Cart.com continues to raise funds and expand its operations, it solidifies its position as a key player in the commerce solutions market. With its unwavering focus on driving digital transformation and providing comprehensive tools for businesses to thrive in an increasingly competitive landscape, Cart.com is well-positioned for continued success.

For more information about Cart.com and its commerce solutions, please visit Cart.com.