Cart.com Obtains $30 Million Investment from Trinity Capital

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VC Tavern October 29, 2024

Houston-headquartered e-commerce platform Cart.com has announced a $30 million funding infusion from Trinity Capital, aimed at bolstering its expansion and fortifying its financial standing.

This investment is part of a broader $100 million debt refinancing, involving Trinity and Silicon Valley Bank, a division of First Citizens Bank. The injection of capital is intended to enhance Cart.com’s financial structure while furthering the scaling of its operations, as per an official news release.

Omair Tariq, Founder and CEO of Cart.com, expressed, “With Trinity’s financing, Cart.com will intensify investments catering to the surging demand for innovative logistics and commerce infrastructure solutions, empowering our clients to achieve more efficient growth.”

Cart.com specializes in furnishing online commerce and logistics solutions, facilitating merchants in selling and fulfilling orders globally. Presently, the platform boasts approximately 6,000 brands utilizing its services.

Trinity Capital, a Phoenix-based business development firm (Nasdaq: TRIN), is enthusiastic about contributing to Cart.com’s expansion, as highlighted by their officials.

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