Flock Freight joined the Unicorn Club on October 21, 2021, after raising a funding round that valued the company at $1 billion. Headquartered in Encinitas, California, United States, Flock Freight operates an online marketplace for shared trucking services, connecting shippers and carriers with real-time per-pallet pricing, tracking features, and a load board that supports truckload, partial truckload, and shared truckload freight for industries such as food & beverage, retail, and packaging. The company has raised approximately $460 million to date and employs between 201 and 500 people (as of July 1, 2024).
Keep reading to learn how Flock Freight is reshaping logistics and freight‑tech with its shared truckload model and AI‑powered pooling platform.
What Is Flock Freight and What Does It Do?
Founded in 2015, Flock Freight is a logistics‑technology company that enables shippers and carriers to access and manage shared truckload (STL) freight. It utilises proprietary AI algorithms to pool shipments, issue real-time quotes for per-pallet pricing, track deliveries via web platforms, and provide carriers with access to a dynamic load board covering truckload, partial truckload, and shared truckload opportunities.
The platform serves diverse industries, including food & beverage, retail, paper/plastics, and packaging, with a model aimed at increasing efficiency, reducing empty miles and improving cost outcomes for what would traditionally be less‑than‑truckload freight.
How Much Funding Has Flock Freight Raised?
- Series E
- Amount Raised: $60M
- Date: May 14, 2025
- Lead Investor: O’Neil Strategic Capital
- Valuation: ~ $1B (unicorn milestone)
- Purpose: Scale shared truckload (STL) service, expand carrier and shipper network, strengthen technology stack.
- Earlier Rounds (up to 2021)
- Cumulative Funding: ~$400M (to bring total to ~$460M)
- Key Investors: SoftBank Vision Fund, Bracket Capital, Google Ventures, GLP Capital Partners
- Purpose: Build the platform’s core capabilities, expand market presence, and invest in AI and a pooling algorithm.
Total Funding Raised: ~$460M
Latest Funding Date: May 14, 2025
Latest Valuation: ~$1B (at unicorn entry)
Employee Count: 201–500 (as of July 1, 2024)
Key Investors
- SoftBank Vision Fund
- Details: Global investment fund known for backing high‑growth technology companies.
- Focus Areas: Logistics technology, marketplace platforms, supply chain innovation.
- Bracket Capital
- Details: Venture firm investing in next‑generation technology companies, including logistics and mobility.
- Focus Areas: Freight tech, transportation innovation, AI‑driven network optimisation.
- O’Neil Strategic Capital
- Details: Investment group that led the company’s 2025 Series E funding round.
- Focus Areas: Growth‑stage logistics tech, infrastructure platforms, innovative mobility services.
Where Is Flock Freight’s Headquarters?
Flock Freight is headquartered in Encinitas, California, United States. The headquarters serves as the operational, engineering, and business-development hub, driving the company’s shared truckload platform initiatives and logistics technology strategy.
What’s Next for Flock Freight?
Flock Freight plans to deepen its shared truckload model by expanding its carrier network, enhancing AI‑based load‑matching and pooling technology, and improving global shipping capabilities. The company is focusing on reducing shipping costs, increasing trailer utilisation rates, and offering more flexible freight solutions across industries.
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