Stord secures $400M credit facility for fulfillment and warehouse robotics

Stord runs outsourced logistics for consumer brands: it stores inventory, routes orders, picks and packs goods, arranges delivery and processes returns, while its software keeps those steps visible to merchants. The Atlanta company said it closed a $400 million credit facility led by Citi, with Morgan Stanley, JPMorgan, First Citizens, Citizens and KeyBank participating. The announcement did not say how much of the borrowing capacity has been drawn.

A shopper sees a delivery estimate at checkout; behind it, Stord’s system manages inventory across sales channels, chooses how to route the order, directs warehouse work, tracks the package and handles the return if it comes back. Its product spans both software and physical fulfillment for direct-to-consumer and business-to-business brands.

Stord says its network includes nearly 100 fulfillment locations and serves more than 1,000 brands, processing more than $15 billion of merchandise annually. Inc. reported that Stord directly operates roughly 30 centers, with partnerships bringing the total close to 100. The distinction matters: Stord’s reach depends on a hybrid network, while brands still expect consistent inventory and delivery performance.

Some of the new facility will go toward automation at Stord Labs, the company’s Atlanta research and development operation. Inc. reported that Stord is deploying autonomous carts that let workers pick larger batches and move heavier loads in one trip. The company is also developing vision systems that use warehouse cameras for safety monitoring and training.

The debt follows a $250 million Series F completed in May at a $3 billion valuation. Stord says the two transactions provide $650 million of equity and credit capacity in 2026, while its revenue run rate is approaching $1 billion. Because the new facility is debt, the announcement does not establish another equity valuation.

Stord also appointed Bill Zerella as chief financial officer and Mark Wayland as chief revenue officer. Chief Executive Sean Henry told Inc. that the company is not working toward a specific initial-public-offering timetable, though it is building the scale, customer relationships and financial record needed to be ready.