Cart.com, a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill wherever their customers are, has secured a $105 million term loan facility provided by funds and accounts managed by BlackRock. The latest facility, among other things, consolidates Cart.com’s venture debt at competitive terms as the company continues its rapid growth trajectory.
“Cart.com is one of the fastest growing providers of commerce and logistics solutions today, and I’m excited to partner with BlackRock as we continue to aggressively invest to help our customers operate more efficiently,” Omair Tariq, founder and CEO of Cart.com, said. “This latest facility allows us to further expand into new markets while enhancing our innovative technology solutions, particularly our constellation OMS offering. It also underscores our teams’ relentless work in driving operational excellence and profitability as we continue to partner with larger and larger customers across industries.”
“BlackRock is pleased to support Cart.com as it advances its mission to unify digital and physical commerce infrastructure,” Keon Reed, director at BlackRock, said. “This latest facility underscores our confidence in the company’s differentiated product offerings and financial strategy as it enters its next stage of growth.”
