Flexport

Industrial

Founded: 2013

Last Round Valuation: $8B

Flexport is a leading global trade solutions provider and platform developer that empowers clients to efficiently manage their supply chains. By leveraging a unique blend of technology, logistics infrastructure, and industry expertise, Flexport enables seamless freight movement, customs clearance, and intelligent decision-making. Customers who choose Flexport experience significant time savings, with an average of 208 hours saved per year compared to other freight forwarders. Additionally, Flexport helps customers assess and reduce their environmental footprint by offsetting over 300,000 tonnes of greenhouse gases, supporting sustainability efforts and environmental impact mitigation.

Flexport Overview:

Flexport is a prominent provider of global trade solutions and a platform developer that offers innovative logistics services to businesses involved in international trade. The company aims to revolutionize the traditional freight forwarding industry by combining advanced technology, extensive logistics infrastructure, and deep industry expertise.

Flexport's platform serves as a comprehensive solution for clients, enabling them to streamline and optimize various aspects of their supply chain. Through the platform, customers can efficiently move their freight, manage customs clearance processes, and gain valuable insights to make informed decisions about their global trade operations.

One of the key advantages of using Flexport is the significant time savings it offers to customers. On average, Flexport users save around 208 hours per year compared to using traditional freight forwarders. This time-saving benefit is achieved through the company's efficient processes, advanced automation, and digital tools that simplify complex logistics operations.

In addition to its focus on efficiency, Flexport also places a strong emphasis on environmental sustainability. The company is committed to offsetting the environmental impact of global trade by offsetting over 300,000 tonnes of greenhouse gases. By helping customers assess and mitigate their environmental footprint, Flexport contributes to a more sustainable and responsible approach to international logistics.

Flexport has gained significant recognition and popularity for its innovative approach to global trade. The company has successfully disrupted the industry by leveraging technology to provide enhanced visibility, transparency, and control over supply chain operations. By combining cutting-edge technology with a customer-centric approach, Flexport continues to redefine and improve the way businesses manage their global trade activities.

Founders:

  • Ryan Peterson

  • Sanne Manders

  • Kyle Hopkinson

  • James Chen

Top Investors:

  • DST Global

  • SoftBank Vision Fund

  • Founders Fund

  • Susa Ventures

  • Bloomberg Beta

  • Felicis Ventures

  • 7percent Ventures

  • Ceyuan Ventures

  • Andreessen Horowitz

  • Y Combinator

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Sep 2017 Series C $159.68MM $249.05MM $3.55 $953.3MM DST Global, Founders Fund, Susa Ventures
Sep 2016 Series B-2 $125K $28.91MM $0.68 $320.11MM Founders Fund, Bloomberg Beta, Felicis Ventures
Sep 2016 Series B-1 $60.46MM $89.24MM $1.81 $380.57MM Founders Fund, Bloomberg Beta, Felicis Ventures
Aug 2015 Series A $28.79MM $28.79MM $0.68 $102.54MM Founders Fund, 7percent Ventures, Ceyuan Ventures

In the News:

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