What is Cart.com?
Cart.com operates as an ecommerce software, services, and brand holding company, dedicated to democratizing ecommerce and empowering digital merchants. Headquartered in Houston, Texas, the company provides a comprehensive suite of solutions designed to facilitate growth for online businesses. Its mission centers on giving merchants the freedom to scale their operations effectively within the competitive digital 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, Scarlet Venture Fund, and Arsenal Business Growth
Series B (2021): $98M supported by Oak HC/FT, Clearco, and PayPal
Unspecified (2022): $280M featuring JPMorgan Chase, Legacy Knight Capital Partners, and riplePoint Capital
Debt (2022): $240M backed by Legacy Knight Capital Partners, TriplePoint Capital, Visa, J.P. Morgan, and City Ventures
Series C (2023): $60M with participation from Kingfisher Investment Advisors and Prosperity7 Ventures
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
Oak HC/FT
Oak HC/FT is a venture growth-equity fund established in 2014, focusing on Healthcare Information & Services and Financial Services Technology. With substantial assets under management, they aim to drive transformation by supporting entrepreneurs with strategic counsel and access to industry leaders.
Clearco
Clearco, founded in 2015, is an investment firm based in Toronto that provides capital solutions specifically for founders in the e-commerce, mobile app, and SaaS sectors.
PayPal
PayPal is a globally recognized fintech company that facilitates online payment systems, offering an electronic alternative to traditional payment methods and enabling secure international fund transfers for individuals and businesses.
What's next for Cart.com?
The recent major strategic investment in Cart.com signals a pivotal phase for the company, likely focused on scaling its platform, expanding its service offerings, and potentially pursuing strategic acquisitions. With significant capital now available, Cart.com is poised to enhance its technological capabilities and broaden its market reach. The company's trajectory suggests a continued emphasis on consolidating its position as a key enabler for ecommerce businesses seeking robust operational support and growth strategies.
See full Cart.com company page
