Flexport Raises $65M in Series B

What does Flexport do?

Flexport, is a licensed freight forwarder which uses software and people in managing the complexity of international trade. This is a platform for worldwide trade. This platform is making it easy for businesses in moving products by land, air and sea globally. It is licensed customer brokerage and freight forwarder built around modern web application. Their services has an online dashboard for businesses for easily purchasing, understanding and managing and tracking the services necessary for global trade. They have a team of logistics experts who help users in focusing on their core business by ensuring goods arrival for fulfillment or distribution centers on time and the at the lowest price.

How much was Flexport funded?

The company raised $65M in Series B on September 26, 2016 from Fabrice Grinda,  First Round, FJ Labs, Joe Lonsdale,  Susa Ventures, Yuri Milner, Felicis Ventures,  Founders Fund and Bloomberg Beta.

Previous funding

$6.9M in undisclosed round on January 1, 2014 from GV,  First Round, Bloomberg Beta,  Susa Ventures,  Fuel Capital,FundersClub,  Y Combinator, Cherubic Ventures,  Lunch Van Fund, A-Grade Investments, Acequia Capital (Acecap) , Hydrazine Capital,  BoxGroup, Harj Taggar,  TYLT Ventures, SV Angel,  Alexis Ohanian, Winklevoss Capital, Ashton Kutcher, George Strompolos, , Garry Tan, Gianni Martire,  Ian Roncoroni, Gustavo Alberelli,  Jeff Natland, Lee Linden, Joshua Reeves, Matt Humphrey, Paul Buchheit, Mikhail Seregine, Paul Sethi,  Sam Altman, Ram Shriram, Scott Banister, Sheel Mohnot, Scott Belsky, Trapp Lewis,  Yuri Sagalov, Wesley Chan, Steven Fan and Zac Bookman

$22.1M in Series A on August 3, 2015 from FJ Labs,  Felicis Ventures, Founders Fund, First Round,  Eric Wiesen, Jonathan Ehrlich, Fabrice Grinda, Initialized Capital, Rahul Mehta, Bloomberg Beta, Ceyuan Ventures, Fenway Summer Ventures, Greg Castle, Susa Ventures and Kevin Ding.

What is next for Flexport?

The company plans on using the latest funding raised for its global expansion.

More about Flexport

Flexport was founded on March 1, 2013 by March 1, 2013. It has its headquarters in San Francisco, CA.