{"id":6203,"date":"2022-02-18T21:07:46","date_gmt":"2022-02-18T21:07:46","guid":{"rendered":"https:\/\/findfreightloads.com\/blog\/?p=6203"},"modified":"2022-02-18T21:07:46","modified_gmt":"2022-02-18T21:07:46","slug":"san-francisco-based-brokerage-services-provider-flexport-raises-935-million","status":"publish","type":"post","link":"https:\/\/findfreightloads.com\/blog\/san-francisco-based-brokerage-services-provider-flexport-raises-935-million\/","title":{"rendered":"San Francisco-based brokerage services provider Flexport raises $935 Million"},"content":{"rendered":"\n

San Francisco-based freight forwarding and customs brokerage services provider Flexport heralded a $935 million Series E investment round, with this round bringing its post-money valuation to more than $8 billion.<\/p>\n\n\n\n

The raise follows years of uninterrupted growth for the company, particularly in the last twelve months, with Flexport\u2019s revenue more than doubling in 2021 as it moved nearly $19 billion in gross merchandise for its clients across 112 countries.<\/p>\n\n\n\n

\u201cThe global pandemic and the pressure it put on global supply chains has made the transportation <\/a>of goods\u2014something many people took for granted\u2014a daily pain point,\u201d said Ryan Petersen, founder and CEO of Flexport, in a statement. \u201cThis investment signals that the market recognizes the need for a tech-enabled logistics ecosystem that has the visibility and resilience to handle unexpected challenges of any scale.\u201d<\/p>\n\n\n\n

In terms of the biggest benefits of this investment for Flexport customers, Manuel Venegas, Flexport Senior Corporate & Financial Communications Manager, told LM that Flexport is most excited to continue serving customers like Lululemon, Bridgestone, and Peloton through its most recent raise.<\/p>\n\n\n\n

This raise comes after a monumental year of company growth amidst the most turbulent period in global shipping.<\/p>\n\n\n\n

Growth + Change = Opportunity!<\/p>\n","protected":false},"excerpt":{"rendered":"

San Francisco-based freight forwarding and customs brokerage services provider Flexport heralded a $935 million Series E investment round, with this […]<\/p>\n","protected":false},"author":1,"featured_media":6204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newbies"],"_links":{"self":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/6203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/comments?post=6203"}],"version-history":[{"count":1,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/6203\/revisions"}],"predecessor-version":[{"id":6205,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/6203\/revisions\/6205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media\/6204"}],"wp:attachment":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media?parent=6203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/categories?post=6203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/tags?post=6203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}