About Flexport
Flexport is a company based in San Francisco (United States) founded in 2013 by Areeba Munawar and Ryan Petersen.. Flexport has raised $2.5 billion across 10 funding rounds from investors including Shopify, SF Express and KKR. The company has 16 employees as of April 09, 2024. Flexport has completed 3 acquisitions, including Convoy, Crux Systems and Fieldbook. Flexport operates in a competitive market with competitors including Forto, sennder, Airspace, Wiz and Shippio, among others.
- Headquarter San Francisco, United States
- Employees 16 as on 09 Apr, 2024
- Founders Areeba Munawar, Ryan Petersen
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Deliverr Software Technologies India Private Limited
- Date of Incorporation 29 Jul, 2021
- Jurisdiction Banglore, Karnataka, India
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Annual Revenue
$1.43 M (USD)24268.86as on Mar 31, 2023
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Net Profit
$123.85 K (USD)23117.23as on Mar 31, 2023
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EBITDA
$166 K (USD)8043.97as on Mar 31, 2023
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Total Equity Funding
$2.5 B (USD)
in 10 rounds
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Latest Funding Round
$260 M (USD), Series E
Jan 19, 2024
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Investors
Shopify
& 30 more
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Employee Count
16
as on Apr 09, 2024
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Investments & Acquisitions
Convoy
& 2 more
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Leadership Team
61 people
Operations Team
44 people
Sales and Marketing
32 people
Software Development Team
29 people
Senior Team
27 people
Finance and Accounting
24 people
Manager Team
12 people
Human Resources and Administration
8 people
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Funding Insights of Flexport
Flexport has successfully raised a total of $2.5B across 10 strategic funding rounds. The most recent funding activity was a Series E round of $260 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $260.0M
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First Round
First Round
(11 May 2015)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series E - Flexport | Valuation | Shopify |
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| Oct, 2022 | Amount | Debt – Conventional - Flexport | Valuation |
investors |
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| Feb, 2022 | Amount | Series E - Flexport | Valuation | a16z , MSD Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flexport
Flexport has secured backing from 31 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Shopify, SF Express and KKR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Diversified alternative assets are managed by the investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flexport
Flexport has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Convoy, Crux Systems and Fieldbook. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Truckers are connected to on-demand freight via a digital platform.
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2015 | ||||
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Real-time import container availability is tracked via an online platform.
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2014 | ||||
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Tour management platform for multi-day group tours is provided.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Flexport
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flexport Comparisons
Competitors of Flexport
Flexport operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Forto, sennder, Airspace, Wiz and Shippio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-enabled freight forwarding services for multi-modal cargo transport are provided.
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| domain | founded_year | HQ Location |
Tech-enabled platform matches shippers and carriers for trucking loads.
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| domain | founded_year | HQ Location |
Web-based cargo management solutions are offered for air logistics.
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| domain | founded_year | HQ Location |
Cloud security posture and application protection are managed across environments.
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| domain | founded_year | HQ Location |
Tech-enabled multi-modal freight forwarding services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flexport
Frequently Asked Questions about Flexport
When was Flexport founded?
Flexport was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Flexport located?
Flexport is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Flexport?
Ryan Petersen is the current CEO of Flexport. They have also founded this company.
Is Flexport a funded company?
Flexport is a funded company, having raised a total of $2.5B across 10 funding rounds to date. The company's 1st funding round was a Series E of $935M, raised on May 11, 2015.
How many employees does Flexport have?
As of Apr 09, 2024, the latest employee count at Flexport is 16.
What is the annual revenue of Flexport?
Annual revenue of Flexport is $1.43M as on Mar 31, 2023.
What does Flexport do?
Flexport was founded in 2013 in San Francisco, United States, within the logistics sector. Ocean and air freight, trucking, and fulfillment services are offered through an integrated platform. Real-time shipment tracking and management tools are included, along with customs brokerage and trade finance options. Order management, buyer consolidation, and carbon control features are supported. Seamless integration with e-commerce and retail partners is enabled for omnichannel operations across global supply chains.
How many acquisitions has Flexport made?
Flexport has made 3 acquisitions, including Convoy, Crux Systems, and Fieldbook.
Who are Flexport's investors?
Flexport has 31 investors. Key investors include Shopify, SF Express, KKR, FundersClub, and SoftBank Vision Fund.
What is Flexport's valuation?
The valuation of Flexport is $8B as of Feb 2022.
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