Founded in 2013, it is based in San Francisco, CA, and employs around 2,700 people. It’s a leader in the Industry Sectors of Mobility, Supply Chain, Logistics, Big Data, Freight, and shipping.

What is Flexport?

Developer of a freight forwarding platform designed to provide visibility and control over the entire supply chain. The company's platform arranges goods to be transported and subsequently tracks the inventory in real-time in orders carried by ocean, air, and road freight, enabling logistics companies to optimize transportation routes and inventory management.

What does Flexport do?

Big data helps logistics, and Flexport is uniquely positioned to become the leading global, digitalized shipping platform with already 80+ countries with Flexport Platform users, 265K+ shipping documents digitized for speed and accuracy, and 4.8M+ milestones tracked annually for greater shipment visibility. The company has three business units:

1. Logistic Management.

2. Transportation.

3. Trade Management.

Together, they give life to several products sellable to e-commerce, brands, wholesale, NGOs, and governments:

Flexport Shipping Platform, Visibility Management, Order Management, Customs, Climate, Ocean Freight, Air Freight, Less than Container, Trucking, Trade Finance, Trade Advisory, Duty Drawback, Cargo Insurance, Product Classification, and Compliance Certification.

Is Flexport publicly traded?

This company is still private and there are a number of notable shareholders, including IPO CLUB, Andreessen Horowitz, 8VC, Founders Fund, and Softbank

Flexport stock

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Flexport valuation

On May 4, 2023, Flexport announced the acquisition of the assets of Shopify Logistics, including Deliverr, Inc.

On January 24, 2022, the company closed on $935 million of an undisclosed targeted amount of Series E venture funding in a deal led by MSD Private Capital and Andreessen Horowitz, putting the company's pre-money valuation at $7.07 billion. SoftBank Group, Shopify, Rugged Ventures, Snow Fox Partners, Founders Fund, DST Global, and Kevin Kwok also participated in the round. The funding will be used to accelerate the development of its platform and continue to expand into new geographies and markets. Previously, the company raised venture funding from Disruptive Technology Advisers and Quiet Capital on an undisclosed date, and the company also raised $10 million of venture funding from GV, GHC Capital, and Champion Hill Ventures on July 15, 2021.15 other investors also participated in the round.

Flexport IPO

As of July 2023, Flexport, a renowned freight forwarding and customs brokerage company, has not officially endorsed or disclosed any plans to go public through an Initial Public Offering (IPO). However, given its significant growth, innovative business model, and prominent position in the global logistics industry, many industry analysts believe that Flexport stands a good chance of becoming a publicly-traded company in the future. The decision to go public would be a strategic one, enabling Flexport to tap into the public markets for growth capital. While no formal plans have been announced, potential investors should keep an eye on this dynamic company for any future developments.

What is an IPO?

Latest news

Feb 2023: Flexport CEO Dave Clark resigns

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