Cart.com Secures $180 Million Investment from Springcoast Partners for Growth and AI Expansion
Houston-based e-commerce platform Cart.com has raised $180 million from Springcoast Partners to enhance its operations and technology. The funding, which also involves existing investors like PayPal Ventures and Oak HC/FT, will support the development of its commerce operating system and logistics capabilities. Cart.com aims to improve automation, predictive analytics, and AI solutions while expanding its fulfillment network and infrastructure.
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Cart.com has secured a $180 million investment led by Springcoast Partners to support growth and enhance its e-commerce platform. This brings the total funding to $660 million since its founding in 2020.
Other investors include PayPal Ventures and Oak HC/FT. The capital will enable Cart.com to develop its commerce operating system, focusing on automation tools, predictive analytics, and AI solutions to optimize inventory routing and fulfillment costs.
The company plans to expand its nationwide fulfillment network and invest in its infrastructure. Springcoast's Russell Klein joins Cart.com's board to assist in scaling operations and AI capabilities.
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