Flexport, a San Francisco, CA-based freight forwarder and customs broker solution for logistics companies, raised a $935 million Series E funding at a new valuation of $8 billion.
The round was led by Andreessen Horowitz and MSD Partners, with participation from new investor Shopify, as well as existing partners DST Global, Founders Fund, Softbank Vision Fund, and other investors including Kevin Kwok.
With this capital, Flexport will accelerate the development of our technology platform for global logistics, continue to expand into new geographies and markets worldwide, and support logistics technology innovation by investing in new startups to make supply chains more efficient, transparent and inclusive.
Company: Flexport, Inc.
Round: Series E
Funding Month: February 2022
Lead Investors: Andreessen Horowitz and MSD Partners
Additional Investors: Shopify, DST Global, Founders Fund, Softbank Vision Fund, and Kevin Kwok
Company Website: https://www.flexport.com/
Software Category: Drop Shipping Software
About the Company: Flexport is a freight forwarder and customs broker solution for logistics companies. It provides a customer service team that tracks data in real-time, gives alerts about daily actions, and generates insights. Users get to manage all of their workflows with just a single click. It brings the working team, suppliers, and Flexport experts together for seamless communication, besides clarifying every detail. Flexport is the next critical platform for modern businesses, built the first-of-its-kind logistics platform to connect the entire ecosystem of global trade, empowering buyers, sellers, and logistics providers with solutions to innovate and grow. More than 10,000 leading brands worldwide rely on our expertise and end-to-end solutions to move their businesses forward.