Flexport is a global logistics technology platform that provides end-to-end supply chain solutions across air freight, ocean freight, trucking, customs brokerage, warehousing, and fulfillment.
Its platform combines real-time shipment tracking, order management, trade finance, carbon accounting, and retail channel integrations—helping brands run modern, efficient global supply chains. Flexport also integrates with major e-commerce ecosystems to support omnichannel selling.
What Is Flexport and What Does It Do?
Flexport, founded in 2013 by David Petersen and Ryan Petersen, is headquartered in San Francisco, United States. The company delivers a cloud-based logistics platform that streamlines global freight, offering air, ocean, trucking, customs brokerage, warehousing, and fulfillment—all powered by real-time tracking and integrated supply chain management tools.
Its platform automates everything from shipment visibility to order orchestration, carbon control, and retail channel connectivity.
Flexport employs between 1,001-5,000 people, enabling fast-growing brands and enterprises to simplify cross-border logistics and optimize their supply chain operations.
How Much Funding Has Flexport Raised?
1. Convertible Note
- Amount Raised: $260M
- Date: January 2024
- Lead Investors: Shopify
- Motivation: To strengthen liquidity and reinforce Flexport’s long-term operational strategy.
2. Debt Financing
- Amount Raised: $200M
- Date: October 2022
- Lead Investors: Kohlberg Kravis Roberts (KKR)
- Motivation: To support operational costs and expansion initiatives.
3. Series E
- Amount Raised: $935M
- Date: February 2022
- Lead Investors: Andreessen Horowitz, MSD Partners
- Motivation: To scale operations, enhance global freight capabilities, and deepen software automation.
4. Series D
- Amount Raised: $1B
- Date: February 2019
- Lead Investors: SoftBank Vision Fund
- Motivation: To scale operations, expand global warehousing, and modernize the platform.
Total Funding Raised: $2.5 Billion
Current Valuation: $8 Billion (as of February 2022)
Latest Funding Date: January 2024
Key Investors
1. Shopify
- Details: Shopify is one of the world’s largest commerce platforms and owns a 13% equity stake in Flexport.
- Investment Focus Areas: E-commerce infrastructure, supply chain, logistics.
- Notable Investments: Flexport, Deliverr.
2. Kohlberg Kravis Roberts (KKR)
- Details: A global investment firm managing private equity, credit, and real assets.
- Investment Focus Areas: Infrastructure, logistics, technology, energy.
- Notable Investments: ByteDance, Epic Games, GoDaddy.
3. Andreessen Horowitz
- Details: Leading venture capital firm backing transformative technology.
- Investment Focus Areas: Software, logistics, blockchain, biotech.
- Notable Investments: Facebook, Airbnb, Lift, Stripe.
4. MSD Partners
- Details: Investment firm managing capital for the Michael Dell family.
- Investment Focus Areas: Private equity, credit, real estate.
- Notable Investments: Dell Technologies, UFC, WME-IMG.
Where Is Flexport’s Headquarters?
Flexport is headquartered in San Francisco, California, giving the company access to top-tier engineering talent, global trade networks, and technology partnerships that support its mission to modernize global logistics.
What’s Next for Flexport?
Flexport is focused on deepening its end-to-end logistics stack following the acquisition of Shopify Logistics and Deliverr. The company aims to unify freight, fulfillment, last-mile delivery, inventory visibility, and retail distribution into one seamless platform. With significant capital support from Shopify and a renewed leadership strategy, Flexport plans to expand across Europe, strengthen its warehousing network, and introduce more automated planning and AI-based supply chain intelligence.
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