Cococart Raises $4.2M From Forerunner & Sequoia to Bring Local Shops Online

We’re excited to announce that Cococart has secured $4.2 million in seed funding. The new capital was raised from Forerunner Ventures and Sequoia Capital, with participation from Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit CEO James Park, Curated CEO Eduardo Vivas, and other strategic angel investors.

Kristen Green, founder and managing partner at Forerunner Ventures, shared about our funding round: "At Forerunner, we believe the next revolution in commerce will be driven by empowered sellers. Cococart embodies this shift by enabling small businesses to easily manage online ordering and unlock new growth. E-commerce tools like Cococart stand to enable a growing generation of companies to compete and scale more efficiently."

Our Impact on Businesses All Over the World

We’re a company passionate about transforming local businesses and enabling new ways of selling online. We aim to empower small businesses to manage their own sales without apps or marketplaces that charge unsustainable fees and commissions.

Since our launch in 2020, we have grown to support over 20,000 businesses in more than 90 countries, taking in over 500,000 orders, and helping merchants earn over US$15 million.

In 2021, our merchant count grew 30X and our customer base grew 46X. In that same time, our company has since grown from 2 founders to a team of 22 people across 12 countries.

Shaping the Future of Global Commerce

Over 200 million businesses in the world are not online—with Cococart, they can set up a website with no learning curve. We help automate the logistical headache of order management and lets businesses focus on growing their sales and delighting their customers.

With the new funding raised from Forerunner Ventures, Sequoia Capital, and other investors, we're set to accelerate product development, grow our team, and expand to more countries.

And we're just getting started. There are still so many challenges in starting and running a business that we want to solve, from deliveries to supply chain to financing. We see a massive opportunity in front of us and we want to bring Cococart to 200 million businesses worldwide. Our goal is to define the next generation of commerce.

P.S. We’re hiring!

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