Office Depot Raises $11B in Public

Office Depot has successfully raised $11B in a Public at a $13B valuation led by Public.

Company Overview

Office Depot is a Retail company headquartered in 6600 N Military Trail, Boca Raton, FL 33496, founded in 1986 with 38000+ employees.

Office supply retailer

Fundraising Details

• Amount Raised: $11B
• Round Type: Public
• Valuation: $13B
• Date: 2024-01-01
• Investors: Public

About Office Depot

Office supply retailer The company is positioned in the Retail sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 6600 N Military Trail, Boca Raton, FL 33496
• Founded: 1986
• Team Size: 38000+
• Industry: Retail

What This Means

This funding round demonstrates strong investor confidence in Office Depot's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Retail sector continues to attract significant investment as companies innovate to meet evolving market demands. Office Depot's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $13B valuation marks an important milestone for Office Depot, positioning the company among notable players in the Retail industry.

Looking Ahead

With this new capital, Office Depot is well-positioned to execute on its growth strategy and continue building innovative solutions in the Retail space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-01. For more information about Office Depot, visit their headquarters at 6600 N Military Trail, Boca Raton, FL 33496.