Founder Friday: Atlanta’s STORD
In September of 2021, STORD became one of Atlanta’s growing list of unicorns. In today’s Founder Friday, we piece together Sean Henry and Jacob Boudreau‘s founding story and STORD’s meteoric rise.
Not familiar with STORD? It is the cloud supply chain startup rapidly changing the 3PL arena…
- As a teenager, Sean first got the idea for STORD when he was running a business reselling parts on eBay and having fulfillment issues.
- Sean met his future co-founder at a startup conference in Atlanta.
- They launched STORD with $10k.
- Both dropped out of college (Sean was at Georgia Tech, and Jacob was attending Arizona State online) to pursue building STORD.
- STORD became a portfolio member of 2016’s Batch 3 of Georgia Tech’s CREATE-X accelerator and walked away with a $200k investment.
- Their seed funding came when they became a part of the portfolios of Dynamo Ventures and Engage.
- In 2019 Sean was named a Theil Fellow
- By 2021, Sean and Jacob had scaled STORD to a $1 billion valuation after a $90million round led by Kleiner Perkins
It’s incredible what they have built in such a short time.
Sources:
- Inc: How This Cloud-Based Logistics Company Could Revolutionize the Global Supply Chain
- Atlanta Business Chronicle: Atlanta’s Stord reaches $1B valuation as supply chain tech investments reach record high
- TechCrunch: Logistics startup Stord raises $90M in Kleiner Perkins-led round, becomes a unicorn and acquires a company
- Zero To 5000: RISING STAR: How to Drop Out of College and Disrupt a Global Industry – Sean Henry, STORD
- Forbes: Warehousing Startup Stord, Founded By Georgia Tech Students, Raises $31 Million As Shipping Surges In Advance Of Holidays
- Georgia Tech Alumni Association: Sean Henry, BA 19
- The Logistics of Logistics: The STORD Story with Sean Henry
*Image Credits: STORD and TechCrunch (via STORD)