What is Statco?
Statco Warehouse Inc. is a seasoned pick & pack distribution warehouse based in Passaic, New Jersey. With over 80 years of operational experience, the company specializes in providing comprehensive Third Party Logistics (3PL) solutions for both wholesale and e-commerce clients. Statco manages a diverse range of goods, including apparel, liquor, furniture, cosmetics, and toys, and offers specialized services such as temperature-controlled storage and Electronic Data Interchange (EDI) capabilities to streamline client operations.
How much funding has Statco raised?
Statco has raised a total of $729K across 2 funding rounds:
Debt
$350K
Debt
$379K
Debt (2020): $350K with participation from PPP
Debt (2021): $379K led by PPP
Key Investors in Statco
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Statco?
The recent major strategic investment into Statco suggests a focus on expanding its service offerings, potentially enhancing its technological infrastructure for greater efficiency, or broadening its market reach within the competitive logistics sector. This capital infusion is poised to bolster its capabilities in managing complex supply chains and reinforcing its position as a key player in third-party logistics, particularly for businesses requiring specialized handling and extensive experience.
See full Statco company page
