Flexport
Flexport.com
Industrial
Founded: 2013
Last Round Valuation: $8.0B
Flexport is a company that offers global trade solutions and has developed a platform for clients to manage their freight movement, customs clearance, and supply chain decisions with the help of technology, logistics infrastructure, and expertise. Customers who use Flexport can save an average of 208 hours per year, and the company offsets over 300,000 tonnes of greenhouse gases, which enables customers to assess and reduce their environmental impact.
Flexport Overview:
Flexport is a technology-driven global freight forwarder and customs broker that provides businesses with end-to-end supply chain solutions. The company was founded in 2013 by Ryan Petersen and is headquartered in San Francisco, California.
Flexport's platform allows clients to manage their entire supply chain process, from shipping and customs clearance to inventory management and delivery. The company's unique combination of technology and expertise enables clients to make smarter decisions about their supply chain, optimize their operations, and reduce costs.
In addition to providing its clients with efficient and streamlined logistics solutions, Flexport is also committed to sustainability. The company has implemented initiatives to reduce greenhouse gas emissions, offset carbon footprints, and help clients assess and mitigate their environmental impact.
With a strong focus on innovation and customer service, Flexport has established itself as a leader in the freight forwarding industry. The company has received numerous awards and recognition for its innovative technology, including being named one of Fast Company's Most Innovative Companies in 2020.
Founders:
Ryan Peterson
Sanne Manders
Kyle Hopkinson
James Chen
Top Investors:
SoftBank Vision Fund
Founders Fund
DST Global
Dragoneer Investment Group
Hillhouse Capital Group
First Round Capital
Bloomberg Beta
Susa Ventures
G Squared
Y Combinator
Funding History:
| Date | Investor | Investor Type | Amount | Valuation |
|---|---|---|---|---|
| Oct 2022 | Kohlberg Kravis Roberts & Co. L.P. (KKR) | Private Equity | $200.0 MM | -- |
| Feb 2022 | Andreessen Horowitz, LLC, MSD Partners, SoftBank | Venture Capital, Corporate, Angel / Individual | $935.0 MM | $8.0 BN |
| Jul 2021 | 8VC, Ali Capital, Champion Hill Ventures | Venture Capital | $10.0 MM | $3.5 BN |
| Jul 2018 | S F Express Corporation, G Squared, Happiness Cap | Corporate, Venture Capital | $100.0 MM | $1.0 BN |
| Sep 2017 | DST Global, Felicis Ventures LLC, Founders Fund | Venture Capital | $110.0 MM | $910.0 MM |
| Sep 2016 | Founders Fund, Bloomberg Beta, Felicis Ventures LL | Venture Capital, Angel / Individual | $65.0 MM | $365.0 MM |
In the News:
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