Flexport is a logistics platform and global freight forwarder that is built around a web application. Flexport’s platform simplifies global trade for businesses, ensuring seamless transportation and supply chain solutions and making it accessible to companies worldwide. By leveraging advanced analytics and machine learning algorithms, Flexport provides valuable insights into supply chain operations. With access to comprehensive data, businesses can make informed decisions, optimize routes, minimize costs, and mitigate risks.
Flexport has raised $260 million in funding from e-commerce provider Shopify. The fresh funding will further strengthen Flexport’s cash position.
Flexport, San Francisco, California, United States, was founded in 2013 by David Petersen and Ryan Petersen. “Since I came back to the role of CEO, our team has made massive progress toward returning Flexport to profitability,” said Ryan Petersen. “Further strengthening our cash position with this investment should send a strong message to customers that Flexport is building a long-term sustainable business that will continue to deliver best-in-class technology and services for global businesses. This is an important milestone along our journey to build an end-to-end logistics technology platform to make global commerce so easy that there will be more of it.”
