Companies · Mobility / Logistics

Cart.com, Inc.

HOUSTON · Mobility / Logistics · refined from filed group “Other Technology · https://cart.com/

Diligence memoA one-page analyst read on Cart.com, Inc. — recommendation, valuation, rhythm, risks.
$515.2M
Total raised · real
10
Rounds
0.2×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Apr 11 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Cart.com, Inc. has raised $515M over 10 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the mobility sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Quiet
  • Last raise 15 mo ago; this sector typically re-raises about every 10 months.
  • Slightly overdue versus sector cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mobility / Logistics

Cart.com, Inc. is one of 431 Mobility / Logistics companies tracked from HOUSTON. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Cart.com is the leading unified commerce and logistics solutions provider, enabling B2C and B2B companies from discovery to delivery.

Cart.com is the leading unified commerce and logistics solutions provider, enabling B2C and B2B companies from discovery to delivery. Cart.com unifies growth marketing, fulfillment, marketplaces and customer engagement into a scalable platform—adaptable as individual services or an end-to-end solution for ecommerce growth. The Cart.com team did a fantastic job this year handling the BFCM volume...AMAZING performance! Cart.com executive leadership team was...committed to making this our best peak season ever and yes, they did accomplish that goal!” Seeing improvements in our metrics and working through complicated issues in the first 30 days, we already know we made the right decision. Fulfill orders and manage inventory across channels Our fulfillment and logistics team helps brands deliver faster, scale efficiently and operate smarter across D2C and B2B channels. Backed by a nationwide network of fulfillment centers and proprietary software that unifies order, inventory and warehouse management, we help brands plan better, meet demand and keep their customers happy. Expand into marketplaces and capture demand Turn customer interactions into lasting loyalty End-to-end ecommerce man

ecommerce/retailmobility
Find Cart.com, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2020
Year incorporated
2025-04-11
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries B · 2021-03-31 Raised $23M (real) Modeled valuation $287M (est)Series B2021Series C · 2021-08-06 Raised $98M (real) Modeled valuation $1.2B (est)Series C2021Series C · 2021-11-09 Raised $3.0M (real) Modeled valuation $35M (est)Series C2021Series D+ · 2021-12-28 Raised $137M (real) Modeled valuation $1.7B (est)Series D+2021Series D+ · 2021-12-28 Raised $117M (real) Modeled valuation $1.5B (est)Series D+2021Series D+ · 2021-12-31 Raised $40M (real) Modeled valuation $494M (est)Series D+2021Series D+ · 2022-03-15 Raised $4.5M (real) Modeled valuation $54M (est)Series D+2022Series B · 2023-03-14 Raised $38M (real) Modeled valuation $292M (est)Series B2023Series D+ · 2023-03-14 Raised $69M (real) Modeled valuation $713M (est)Series D+2023Series D+ · 2024-03-13 Raised $18M (real) Modeled valuation $158M (est)Series D+2024Series D+ · 2024-12-04 Raised $50M (real) Modeled valuation $402M (est)Series D+2024Series D+ · 2025-04-11 Raised $74M (real) Modeled valuation $563M (est)Series D+2025Series A · 2025-04-11 Raised $15M (real) Modeled valuation $47M (est)Series A2025Cumulative $685M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$23.1M · 2021
Series C$98.2M · 2021
Series C extension$3.0M · 2021
Series D+$136.8M · 2021
Series D+ extension$116.8M · 2021
Series D+ extension$39.7M · 2021
Series D+ extension$4.5M · 2022
Bridge · Series D+-stage$38.0M · 2023smaller follow-on
Series D+ extension$68.6M · 2023
Series D+ extension$17.7M · 2024
Series D+ extension$50.0M · 2024
Series D+ extension$73.7M · 2025
Bridge · Series D+-stage$14.5M · 2025smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$563.1M
Base estimate est.
$375.8M
Conservative case
$715.6M
Upside case
$614.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the mobility sector profile. Directional, not a quoted figure.

Series B · modeled $286.9M · 2021-03-312021Series C · modeled $1.2B · 2021-08-06Series C · modeled $35.3M · 2021-11-09Series D+ · modeled $1.7B · 2021-12-28Series D+ · modeled $1.5B · 2021-12-28Series D+ · modeled $493.6M · 2021-12-31Series D+ · modeled $54.2M · 2022-03-15Series B · modeled $291.9M · 2023-03-14Series D+ · modeled $713.1M · 2023-03-14Series D+ · modeled $158.4M · 2024-03-13Series D+ · modeled $402.5M · 2024-12-04Series D+ · modeled $563.1M · 2025-04-11Series A · modeled $47.2M · 2025-04-112025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
1.16×/yr
Annual markup
1.30×/yr upside case
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
mobility
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$127.8M/yr
Capital velocity
5.3 yr
On record since
2021
First round
13
Rounds on file
How it compares to the market

Benchmarked against 431 companies in Mobility / Logistics. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 129× above median
This company$515.2M
Sector median$4.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.1× of median
This company$14.5M
Sector median$136.8M
Modeled value — vs sector median (estimate, all stages) 23× above median
This company$563.1M
Sector median$24.2M

Raised more than 98% of sector peers (real $). Modeled value above 97% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$23.1M2021-03-31$128.2M$286.9M90%
Series C$98.2M2021-08-06$654.7M$1.2B90%
Series C$3.0M2021-11-09$20.0M$35.3M90%
Series D+$136.8M2021-12-28$1.1B$1.7B90%
Series D+$116.8M2021-12-28$973.6M$1.5B90%
Series D+$39.7M2021-12-31$330.9M$493.6M90%
Series D+$4.5M2022-03-15$37.5M$54.2M90%
Series B$38.0M2023-03-14$211.2M$291.9M90%
Series D+$68.6M2023-03-14$571.3M$713.1M90%
Series D+$17.7M2024-03-13$147.1M$158.4M90%
Series D+$50.0M2024-12-04$416.7M$402.5M90%
Series D+$73.7M2025-04-11$614.0M$563.1M90%
Series A$14.5M2025-04-11$66.1M$47.2M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$23.1M2021-03-31
    • First recorded raise — entered as Series B.
    • 23 investors on this round.
  2. Series C$98.2M2021-08-06
    • Came back fast: 4 mo vs the ~10 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 42 investors on this round.
  3. Series C$3.0M2021-11-09
    • Came back fast: 3 mo vs the ~10 mo sector norm.
    • Round 32.7× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  4. Series D+$136.8M2021-12-28
    • Came back fast: 2 mo vs the ~10 mo sector norm.
    • Round 45.6× larger than the prior — scaling up.
    • 29 investors on this round.
  5. Series D+$116.8M2021-12-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 28 investors on this round.
  6. Series D+$39.7M2021-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 30 investors on this round.
  7. Series D+$4.5M2022-03-15
    • Came back fast: 2 mo vs the ~10 mo sector norm.
    • Round 8.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  8. Series B$38.0M2023-03-14
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round 8.5× larger than the prior — scaling up.
    • 9 investors on this round.
  9. Series D+$68.6M2023-03-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 18 investors on this round.
  10. Series D+$17.7M2024-03-13
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 42 investors on this round.
  11. Series D+$50.0M2024-12-04
    • Raised 9 mo later, in step with the ~10 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 7 investors on this round.
  12. Series D+$73.7M2025-04-11
    • Came back fast: 4 mo vs the ~10 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 13 investors on this round.
  13. Series A$14.5M2025-04-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.1× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~4mo cadence
$14.5M
Modeled next size est.range $14.5M$23.3M
0.2×
Last step-up
$127.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Blair Garrou16 other2021-08
John Trbovich6 other2021-08
Allen Miller3 other2021-11
Alan Miller2 other2024-12
DAVID SAWYER2 other2023-03
Gregg Goldstein1 other2023-03
Philip Fayer1 other2023-03
Bill Guthy2025-04
Blair M. Garrou2021-03
Frank Parker2023-03
James M. Jacobsen2021-03
Jim Jacobsen2021-11
Jim Jacobson2021-08
Joel M. Kennedy2021-03
John M. Trbovich2021-03
Omair Tariq2021-03
Scott Calliham2023-03
Registry & provenance

Cart.com, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1856459
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Shipper, Inc.Mobility / LogisticsSeries C$125.3M$479.0Msame sector
MooveMobility / LogisticsSeries A$63.2M$616.9Msame sector
Leaf Logistics Inc.Mobility / LogisticsSeries B$58.7M$374.1Msame sector
Lori Systems Corp.Mobility / LogisticsSeries A$48.4M$13.2Msame sector
BasiGo IncMobility / LogisticsSeries B$44.1M$4.2Msame sector
Sender, Inc.Other TechnologySeries C$146.5M$2.2Bnetwork1 shared operator
Tw Logistics, LlcMobility / LogisticsSeries B$29.8M$445.6Msame sector
EV Connect, Inc.Mobility / LogisticsSeries B$27.2M$288.9Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Nash Holdings, Llc
Nash is the digital logistics infrastructure for commerce
RetailingSeed$3.3M76%
Cartful Solutions, Inc.Other TechnologySeed$29.4M76%
BlueCargo
The automated solution for complex freight transactions.
Mobility / Logistics75%
WareIQ
Amazon-prime like logistics for eCommerce companies in India
Mobility / Logistics75%
Shipper, Inc.
Southeast Asia’s e-commerce logistics and enablement platform
Mobility / LogisticsSeries C$479.0M74%
Instacart
Marketplace for grocery delivery and pickup
Ecommerce / Retail74%
FIRST
The best way for any business to offer delivery.
Mobility / Logistics74%
ShipBlu
Amazon Level Logistics for eCommerce Companies in MENA.
Mobility / LogisticsPre-Seed74%
Frequently asked
How much funding has Cart.com, Inc. raised?
Cart.com, Inc. has raised approximately $515.2M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Cart.com, Inc.'s estimated valuation?
Provath's modeled valuation for Cart.com, Inc. is approximately $563.1M (modeled range $375.8M–$715.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cart.com, Inc. at?
Cart.com, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Apr 11.
What does Cart.com, Inc. do and where is it based?
Cart.com, Inc. operates in the Mobility / Logistics sector, based in HOUSTON. Cart.com is the leading unified commerce and logistics solutions provider, enabling B2C and B2B companies from discovery to delivery.
Explore related

See where Cart.com, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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