Stord Secures $400 Million Credit Facility Led by Citi to Scale Its Network, Robotics, and AI Investment, Expands Leadership Team
PR Newswire•08/10/2026•09:30 ET
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Key Highlights
- ➤Stord secures $400 million credit facility led by Citi
- ➤Facility oversubscribed at nearly double Stord’s original target
- ➤Proceeds fund fulfillment expansion, robotics, and AI investments
- ➤Stord approaches $1 billion revenue run-rate after 10x growth in four years
- ➤Bill Zerella joins Stord as Chief Financial Officer
Expert Statements
Sean Henry, CEO and Co-Founder of Stord
“Stord is transforming commerce. Our industry-leading scale, fulfillment infrastructure, commerce technology, and applied AI and robotics have rapidly separated Stord as the leader. This facility, combined with our $250 million Series F, gives us the balance sheet to match the scale, potential, and impact of what we're building. We will use this capital to expand our fulfillment network, accelerate our deployment of robotics, and invest aggressively in AI through Stord Labs. The banks in this facility, and the leaders joining us in Bill and Mark, are both a vote of confidence in the foundation we've created at Stord, as well as a signal of where we are headed.”
Stord Secures $400 Million Credit Facility Led by Citi to Scale Its Network, Robotics, and AI Investment, Expands Leadership Team PR Newswire
Oversubscribed at nearly double the company's original target and joined by Morgan Stanley, JPMorgan, and others. The financing arrives alongside two executive appointments: Bill Zerella as Chief Financial Officer and Mark Wayland as Chief Revenue Officer.
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