Houston-based e-commerce platform Cart.com announced it has nabbed $30 million from Trinity Capital to help the firm expand while boosting its balance sheet.
The investment is part of a larger $100 million debt refinancing that included Trinity and Silicon Valley Bank, a division of First Citizens Bank. The capital will strengthen Cart.com’s balance sheet as it continues to scale operations, according to a news release.
“With Trinity’s financing, Cart.com will double down on investments that...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: The logistics boom drives an e-commerce firm’s relocation in Texas; MercuryGate acquires customs software provider International Trade Systems; New Mexico announces two logistics hubs in Santa Teresa; and a Texas city receives approval for a Foreign Trade Zone program.
Logistics boom drives e-commerce firm’s relocation from Austin to Houston
Cart.com is moving its...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US-Mexico cross-border trade may hit $1 trillion by 2028; Railway expands freight capacity with new bridge in North Texas; Toms taps Texas logistics software provider as U.S. fulfillment partner; and CBP discovers 1st-in-nation pest in Southern California.
US-Mexico cross-border trade may hit $1 trillion by 2028
International trade between the U.S. and Mexico could top...
Breaking into the marketplace space and competing with the likes of Amazon, Shopify and eBay is difficult. Teaming up with a powerhouse carrier can make it easier.
That’s exactly the route Austin, Texas-based Cart.com is going. The e-commerce platform on Wednesday announced a strategic alliance with FedEx (NYSE: FDX) Dataworks, the carrier’s data science and machine learning arm, to enhance the online shopping experience for merchants and consumers alike.
The collaboration will bring together...
https://www.freightwaves.com/news/fedex-cartcom-form-strategic-alliance-to-tackle-e-commerce
Warehouse space is tough to come by at the moment, and it will likely stay that way through 2023. But this Amazon competitor remains unfazed.
Cart.com, an e-commerce firm focused on growing brands through omnichannel sales and fulfillment, on Friday announced that it added 1.6 million square feet of warehouse capacity by expanding its fulfillment centers in Memphis, Tennessee; Columbus, Ohio; Salt Lake City; and North Texas. That nearly doubles the firm’s total warehouse space in the U.S.
The...
https://www.freightwaves.com/news/e-commerce-platform-cartcom-grows-us-fulfillment-footprint
Austin, Texas-based end-to-end e-commerce platform Cart.com announced it has acquired FB Flurry, a Dallas-based fulfillment and logistics company, in a deal that will triple its fulfillment footprint in the United States.
The deal, announced Monday, will also expand Cart.com’s next-day delivery options to “the vast majority” of U.S. customers.
Founded in 2018, FB Flurry currently operates four fulfillment centers across Texas, Utah and New Jersey and handles $500 million worth of shipments for...
https://www.freightwaves.com/news/cart-com-triples-fulfillment-footprint-with-fb-flurry-acquisition
In order to survive in today’s world of rapid-fire commerce, you either need to be an e-commerce business or you need to be working with one. Even after skyrocketing in 2020, e-commerce sales are projected to grow another 18% to 23% year-over-year in 2021, according to the National Retail Federation.
Unsurprisingly, one of the United States’ largest corporations is well aware of this. Google Cloud, the cloud computing arm of Alphabet, is partnering with e-commerce-as-a-service (ECaaS) company...
https://www.freightwaves.com/news/google-cloud-brings-on-cart-com-to-overhaul-its-dtc-e-commerce
It’s high tide for e-commerce, and Cart.com is swimming in it. With the meteoric rise of online shopping, the end-to-end e-commerce-as-a-service provider recently announced a series B funding raise of $98 million, bringing its total funding to over $140 million since launching just eight months ago.
The new round was led by venture growth equity fund Oak HC/FT, which invests primarily in tech-enabled health care and financial services companies. Other key investors include PayPal Ventures (NASDAQ...
https://www.freightwaves.com/news/cart-coms-98m-raise-to-build-out-end-to-end-e-commerce-service
Internet security experts will tell you that it’s savvy to have a different password for everything, but the reality is that most of us stick to one or two. It’s not because we’re inviting a security breach — it’s just easier.
End-to-end e-commerce-as-a-service provider Cart.com would probably agree. The company on Tuesday announced its acquisition of e-commerce 3PL provider Sauceda Industries in a move that will help it integrate just about every aspect of e-commerce under one umbrella,...