Flexport
Digital freight forwarder and logistics platform for global shippers, ecommerce brands, and SMBs.
Logistics
📍 San Francisco, CA
Founded 2013
Current Valuation
$3.8B
as of 2024
UNICORN
Flexport is a digital freight forwarder operating a software platform for global shippers, ecommerce brands, and SMBs across ocean, air, trucking, and customs. Founder Ryan Petersen returned as CEO in 2023 after a turbulent leadership stretch, took the company through layoffs, and re-architected operations around profitability. The most recent funding round in 2024 came at an $8B paper valuation, but secondary marks have implied a roughly $3.8B current value after the post-2022 freight rate collapse.
Company Profile
Last Round
Series E — $260M (Jan 2024) · Lead: Andreessen Horowitz
Founders & Key People
Ryan Petersen
Investors
Andreessen Horowitz · Founders Fund · DST Global · SoftBank · MSD Partners · Shopify
Products
- Ocean freight forwarding
- Air freight forwarding
- Trucking and drayage
- Customs brokerage
- Flexport Platform (shipper dashboard)
- Flexport Capital (trade finance)
Competitors
Kuehne + Nagel · DHL Global Forwarding · Expeditors · C.H. Robinson · Forto · Project44
logisticsfreightsupply-chainB2Bmarketplace
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024. Refreshed quarterly.