U.S.-based warehousing and freight services provider Stord has secured $12.3 million in Series A financing round.
Stord said in a statement that the proceeds from the round will help the company for expansion as it plans to employ 50 new people and relocate its office place.
Led by California-based venture capital firm Kleiner Perkins, the funding also saw the participation of companies such as Susa Ventures, Dynamo, Revolution’s Rise of the Rest Seed Fund, and Engage.
The latest financing round has brought the total funds raised by the company to $15 million.