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Dec. 9, 2020

Nelson Mullins Team Represents Cloud Supply Chain Builder in Raising $31M Series B

Nelson Mullins Riley & Scarborough LLP represented Stord, Inc., an on-demand warehousing software company in its $31 million Series B financing led by Founders Fund.

This round of funding will power Stord's growth as it builds the first end-to-end cloud supply chain. In addition to Founders Fund. the Series B round also included participation from existing investors Kleiner Perkins, Susa Ventures, Dynamo, as well as new investors such as Good Friends Fund and B-Capital.

Stord provides a logistics network and software to shippers so they can build fast, scalable, and technology-driven supply chains at a fraction of what it would cost for shippers to build themselves.

The Nelson Mullins team representing Stord in the Series B financing included Doug Spear, George Akers, and Bethany Barclay-Adeniyi.  Nelson Mullins has served as Stord’s outside general counsel since inception.

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