Oak HC/FT led the new round of funding and was joined by PayPal Ventures, Clearco, G9 Ventures, Mercury Fund, Valedor Partners and Arsenal Growth. Strategic investors in the Series B include Heyday CEO Sebastian Rymarz and Casper CEO Philip Krim. This new round follows a USD 25 million Series A round, led by Mercury and Arsenal in July, and a USD 20 million seed round from Bearing Ventures.
The new financing will enable Cart.com to further invest in technology development and to increase headcount, with plans to go from fewer than two dozen employees to more than 300 team members by the end of 2021.
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