Flexport

company

About

Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$200M
Industries
Freight Service,Logistics,Shipping,Software,Supply Chain Management
Founded date
Jan 1, 2013
Number Of Employee
1001 - 5000
Operating Status
Active
Legal Name
Flexport Inc.
Also Known As
Flexport International LLC

Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade.

The platform arranges goods to be transported and tracks the inventory in real-time in orders carried by the ocean, air, and road freight, enabling logistics companies to optimize transportation routes and inventory management. It is a licensed customs brokerage and freight forwarder built around a modern web application. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required for global trade. Its team of logistics experts lets focus on core business by ensuring goods arrive at fulfillment/distribution centers on time and at the lowest cost. Flexport's mission is to fix the user experience in global trade and bring the world free trade through technology.

The company was founded in 2013 by Ryan Petersen and is based in San Francisco, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
18
$2.43B
Flexport has raised a total of $2.43B in funding over 2 rounds. Their latest funding was raised on Nov 14, 2022 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 14, 2022 Series B 1 Detail
Oct 20, 2022 Debt Financing $200M 1 Kohlberg Kravis Roberts Detail
Feb 7, 2022 Series E $0.93B 8 Andreessen Horowitz
MSD Partners
Detail
Feb 7, 2022 Secondary Market Detail
Jan 1, 2021 Secondary Market 2 Detail

Investments

Number of Investments
Number of Lead Investments
53
1
Flexport has made 53 investments. Their most recent investment was on Nov 29, 2022, when Saltbox raised $35M.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 29, 2022 Saltbox
Series B $35M E-Commerce
Nov 28, 2022 Post News
Seed News
Nov 6, 2022 Harmonic.ai
Series A $23M Business Information Systems
Oct 31, 2022 GoodShip
Pre-seed $2.40M
Sep 21, 2022 Noble
Series A $18M Credit

Investors

Number of Lead Investors
Number of Investors
9
89
Flexport is funded by 89 investors. Kohlberg Kravis Roberts and Andreessen Horowitz are the most recent investors.
Investor Name Lead Investor Funding Round
Kohlberg Kravis Roberts Yes Debt Financing
Andreessen Horowitz Yes Series E
MSD Partners Yes Series E
Hedonova Series B
DST Global Series E
Founders Fund Series E
Kevin Kwok Series E
Shane Neman Series E
Shopify Series E
SoftBank Vision Fund Series E

Employee Profiles

Number of Employee Profiles
47
Flexport has 47 current employee profiles, including Executive Nerijus Poskus
Executive
Employee
Executive
Advisor
Executive

Exits

Flexport has had 1 exits. Flexport most notable exits include Ninja Delivery

Date Company Name Exit Type Industry
Jun 17, 2022 Ninja Delivery M&A E-Commerce Detail

Acquisition

Flexport has acquired 2 organizations. Their most recent acquisition was Fieldbook on Aug 5, 2018. They acquired Fieldbook for $1.50M.

Date Company Name
Industry Acquisition Type Price
Aug 5, 2018 Fieldbook
Enterprise Software acquisition $ 1.50M Detail
Oct 14, 2019 Crux Systems
Analytics acquisition Detail