Cart.com Completes Series A Bringing Total Raise to $45M in Five Months to Level the E-Commerce Service Providers Playing Field

22 Apr, 2021

Cart.com Completes Series A Bringing Total Raise to $45M in Five Months to Level the E-Commerce Service Providers Playing Field
Photo by Alejandro Escamilla on Unsplash

– Cart.com announced the closing of its $25m Series A round of financing, led by venture capital firms Mercury Fund and Arsenal Growth, following its initial $20m Seed funding by Bearing Ventures.
– The round also includes funding from Moonshots Capital and Scarlet Venture Fund.
– The funding is the second round in five months, totaling over $45m, and will further power Cart.com to respond to rapidly increasing customer demand, make key hires, and accelerate growth as the world’s pioneer E-commerce-as-a-Service (ECaaS) provider in the ecommerce services space.
– Cart.com was co-founded in September 2020 by CEO Omair Tariq, former executive at Home Depot and COO of Blinds.com, and Executive Chairman Jim Jacobsen, co-founder and former CEO of RTIC Outdoors.

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