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Apr
2018
Unicorn Startup Flexport Raises $100 Million in Funding from SF Express to Expand Global Logistics Operations

Unicorn Startup Flexport Raises $100 Million in Funding from SF Express to Expand Global Logistics Operations

30 Apr 2018


Full-service global freight forwarder and logistics platform startup, Flexport, announced today it has raised $100 million in funding from SF Express. The strategic partnership allows Flexport to expand its operations in China and around the world. SF Express joins existing investors including First Round Capital, Bloomberg Beta, Founders Fund, DST, and Y Combinator.

Flexport is a technology platform for global trade. Founded in 2013 by Ryan Petersen, the company provides businesses with global logistics services including air freight, ocean freight, trucking, cargo insurance, customs brokerage, and inventory financing. Flexport’s software unlocks efficiencies, improves user experiences, and enables more data-driven decision making for modern logistics teams. In 2017 more than 15,000 companies relied on Flexport to ship $3.8B worth of merchandise between 97 countries. By engineering new infrastructure for international shipping and commerce, Flexport is making global trade easy for everyone.

In just five years Flexport has distinguished itself as the leading software-powered freight forwarder, helping more than 15,000 companies deliver their goods to customers worldwide. In the past year Flexport shipped $3.8B worth of merchandise between 97 countries for companies including Warby Parker, Peloton, Ring, Bridgestone, and Georgia Pacific.

Flexport provides businesses with global logistics services including air freight, ocean freight, trucking, cargo insurance, and customs brokerage. The company plans to increase its investment in technology so it can continue to reduce transaction costs, improve the user experience, and empower supply chain managers to make more data-driven decisions.

Source: TechStartups


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