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