Highlights:
- Cart.com secures $30 million in growth capital from Trinity Capital.
- Trinity Capital Inc., a business development company, provides financial support for Cart.com’s expansion.
- Funds will be used to strengthen Cart.com’s balance sheet and facilitate growth initiatives.
Cart.com, a leading provider of unified commerce and logistics solutions based in Austin, Texas, has successfully secured $30 million in growth capital from Trinity Capital. This strategic investment aims to support Cart.com’s expansion plans and enhance its financial position.
Trinity Capital Inc., an internally managed business development company, specializes in providing financial solutions to growth-stage companies. The $30 million investment from Trinity Capital will be utilized by Cart.com to strengthen its balance sheet and facilitate ongoing and future growth initiatives.
This funding is a big step for Cart.com as it helps simplify commerce for middle-market and enterprise companies. The company’s focus on digital logistics, enterprise-grade channels, and order management software has supported over $8 billion in sales. With the infusion of capital from Trinity Capital, Cart.com will be able to further develop its digital logistics capabilities, expand its enterprise-grade channels, and enhance its order management software. This will enable the company to better serve its growing customer base and continue facilitating seamless commerce for middle-market and enterprise companies.
The recent investment follows Cart.com’s $60 million Series C equity funding round in June, with a valuation of $1.2 billion. The funds from Trinity Capital, part of a larger $100 million debt refinancing, position Cart.com strategically for continued growth in the competitive commerce and logistics sector.
Source: PR Newswire
