Cart.com Raises Debt Investment

Supply Chain
Written By Rick Watson

Cart.com, a leading provider of unified commerce and logistics solutions, achieved unicorn status in June and experienced a remarkable 50% growth rate while attaining profitability. The company's success is attributed to its innovative approach and dedicated team led by Omair Tariq, Remington Tonar, Frank Parker, Keara Killian, and Liam Henry. Silicon Valley Bank and Trinity Capital express their excitement to partner with Cart.com on its journey to redefine the commerce and logistics landscape.

Cart.com received access to a revolving credit line and a mezzanine term loan from Silicon Valley Bank and co-lender Trinity Capital. What does 2024 have in store for Cart.com?

LinkedIn: Kyle Larrabee’s LinkedIn Post

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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