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Flexport

Flexport

Flexport is a licensed freight forwarder and shipping company based in San Francisco, CA, USA. They manage global logistics for businesses.

Flexport is a licensed freight forwarder and customs brokerage that is built around a web application. It manages global logistics for businesses. Its international ocean freight forwarding services and U.S. trucking services are provided by Flexport International. Flexport’s subsidiary, Flexport Customs provides customs brokerage services.

Flexport brings Technology, Infrastructure and Expertise together to offer a more modern and better freight forwarding experience that allows businesses of all kinds to import and export globally.

The company's freight service includes an online dashboard for understanding, purchasing, managing and tracking services. Its web-based software allows clients to oversee their cargo's status using the company's APIs (application programming interface) and web interfaces.

Flexport believes all people should be seamlessly connected in order to conduct trade, without regard for physical borders, boundaries, or political agendas. That’s the reason Flexport is building the first Operating System for Global Trade, a strategic operating model that combines technology and analytics, logistics infrastructure, and hands-on supply chain expertise.

Timeline

February 7, 2022
Flexport raises a $935,000,000 series E round.
September 25, 2019
Flexport launches a new platform which allows brand clients, their factories, and their Flexport logistics reps to collaborate.
February 21, 2019
Venture round

Flexport announced a $1b venture round led by SoftBank Vision Fund. The investment puts Flexport valuation at $3.2b.

February 21, 2019
Flexport raises a $1,000,000,000 series D round from Cherubic Ventures, DST Global, Founders Fund, G Squared, Next Play Capital, SoftBank Vision Fund and Susa Ventures.
2018
Flexport's revenue reported to be $441 million.
September 22, 2017
Flexport raises a $110,000,000 series C round from DST.
September 2017
Flexport raises a $800,000,000 series C round from DST.
September 26, 2016
Flexport raises a $65,000,000 series B round from Founders Fund.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

About - Flexport

Flexport

Bringing Predictability to Air Freight - Flexport

Ryan Petersen

News

Title
Author
Date
Publisher
Description
Mary Ann Azevedo
July 8, 2021
TechCrunch
Lula, a Miami-based insurance infrastructure startup, announced today it has raised $18 million in a Series A round of funding. Founders Fund and Khosla Ventures co-led the round, which also included participation from SoftBank, hedge fund manager Bill Ackman, Shrug Capital, Steve Pagliuca (Bain Capital co-chairman and Boston Celtics owner), Tiny Capital's Andrew Wilkinson. Existing [...]
Tage Kene-Okafor
May 5, 2021
TechCrunch
Flextock, one of the 10 African startups from the recent Y Combinator winter batch, has bagged an impressive pre-seed round just two months after graduation. The five-month-old company, which helps consumers and businesses manage e-commerce and fulfillment operations -- from warehousing and logistics to delivery and cash collection -- has closed a $3.25 million pre-seed [...]
Josh Constine
April 26, 2020
TechCrunch
"I didn't know what the term 'freight forwarder' meant until a year into starting the business." Considering his shipping logistics startup Flexport was last valued at $3.2 billion, that quote from my first interview with CEO and founder Ryan Petersen back in 2016 seems even more surprising now. But it also hints at why he's [...]
Josh Constine
November 21, 2019
TechCrunch
"We're giving away money to strangers on the internet" is a pretty cavalier pitch for a new startup. But the more I learned about Placement, the smarter it sounded. In exchange for 10% of your income for 18 to 36 months, Placement will find you a much higher paying job, prep you for the interview [...]
Connie Loizos
November 19, 2019
TechCrunch
In 2016, we profiled a then-24-year-old named Jeremy Fiance who had managed to pool together $6 million for a fund focused on his alma mater, UC Berkeley, where as a student he'd brought to campus Kairos Society, an organization for budding entrepreneurs, as well as created a student accelerator called Free Ventures. Fiance wasn't waiting [...]
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References

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