What is Cart.com?
Cart.com is an innovative ecommerce software, services, and brand holding company based in Houston, Texas. Its core mission is to democratize ecommerce, providing digital merchants with the freedom and tools necessary to scale their businesses effectively. The company operates as a comprehensive platform, offering a suite of solutions designed to streamline online retail operations and enhance customer engagement. Cart.com's approach integrates technology with strategic services, positioning it as a key player in the evolving digital commerce landscape.
How much funding has Cart.com raised?
Cart.com has raised a total of $1.2B across 11 funding rounds:
Angel/Seed
$20M
Series A
$25M
Series B
$98M
Unspecified
$280M
Debt
$240M
Series C
$60M
Private Equity
$30M
Debt
$70M
Debt
$105M
Other Financing Round
$50M
Private Equity
$180M
Angel/Seed (2020): $20M, investors not publicly disclosed
Series A (2021): $25M led by Mercury Fund Limited, Moonshots Capital, Arsenal Business Growth, and Scarlet Venture Fund
Series B (2021): $98M supported by Clearco, PayPal, and Oak HC/FT
Unspecified (2022): $280M featuring riplePoint Capital, JPMorgan Chase, and Legacy Knight Capital Partners
Debt (2022): $240M backed by J.P. Morgan, City Ventures, TriplePoint Capital, Visa, and Legacy Knight Capital Partners
Series C (2023): $60M with participation from Prosperity7 Ventures and Kingfisher Investment Advisors
Private Equity (2023): $30M led by Trinity Capital
Debt (2024): $70M supported by Silicon Valley Bank
Debt (2024): $105M featuring BlackRock
Other Financing Round (2025): $50M backed by eGateway Capital, Silicon Valley Bank, and BlackRock
Private Equity (2026): $180M with participation from Springcoast Capital Partners
Key Investors in Cart.com
Springcoast Capital Partners
Springcoast Capital Partners is a growth equity firm that specializes in providing flexible capital to leading software and technology-enabled companies. They focus on partnering with experienced founders and management teams who are poised for growth.
BlackRock
BlackRock is a global investment management firm offering a comprehensive range of investment products and services including mutual funds, exchange-traded funds (ETFs), and alternative investments. They provide investment management, risk management, and advisory services to institutional and individual investors.
Trinity Capital
Trinity Capital is an international alternative asset manager specializing in providing investors with stable and consistent returns through exclusive access to the private credit market. They offer a range of financial solutions tailored to the growth stages of high-growth companies.
What's next for Cart.com?
The substantial capital infusion positions Cart.com for accelerated expansion and further development of its ecommerce solutions. This strategic backing is expected to fuel advancements in its technology platform, enhance its service offerings, and potentially support strategic acquisitions. The company is poised to solidify its market leadership by continuing to innovate and provide scalable, comprehensive solutions for a growing base of digital merchants seeking to thrive in the competitive online marketplace.
See full Cart.com company page
