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Flexport

North America, California, United States, San Francisco

Description

Flexport, a San Francisco-based full-service global freight forwarder and logistics platform, operates as a strategic corporate investor rather than a traditional venture capital firm. Its investment strategy is deeply intertwined with its core business, focusing on companies that enhance its ecosystem, provide synergistic technologies, or expand its reach within the global supply chain and logistics sectors. Flexport seeks to invest in innovative startups developing solutions in areas such as fulfillment, last-mile delivery, supply chain visibility, and digital freight brokerage, aiming to accelerate the modernization of global trade.

The firm's investment approach is highly flexible, spanning various stages from early-stage seed rounds to significant late-stage growth equity investments. For instance, Flexport participated in a $1.5 million seed round for BookFreight, showcasing its willingness to support nascent technologies. Conversely, it demonstrated its capacity for substantial capital deployment by leading a $250 million Series E round for Deliverr, a fulfillment network, before its acquisition by Shopify. This broad spectrum of investments highlights Flexport's opportunistic and strategic nature, where the size of the check is often dictated by the strategic importance and stage of the target company.

Flexport's investments are not merely financial but often involve strategic partnerships, leveraging its extensive network, operational expertise, and technological platform to support portfolio companies. This collaborative approach aims to drive innovation across the logistics landscape, creating a more efficient and interconnected global trade environment. The company's role as an investor reinforces its commitment to shaping the future of supply chain management through both organic growth and strategic external collaborations.

Investor Profile

Flexport has backed more than 53 startups, with 0 new investments in the last 12 months alone. The firm has led 1 rounds, about 2% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Nigeria, Pakistan.
  • Strong thematic focus on Logistics, Software, FinTech.
  • Typical check size: $250K – $50M.

Stage Focus

  • Series A (36%)
  • Seed (34%)
  • Series B (13%)
  • Pre Seed (6%)
  • Undisclosed (4%)
  • Series Unknown (4%)
  • Debt Financing (2%)
  • Series C (2%)

Country Focus

  • United States (60%)
  • Nigeria (9%)
  • Pakistan (8%)
  • Egypt (6%)
  • Mexico (4%)
  • Spain (2%)
  • Israel (2%)
  • Argentina (2%)
  • Kenya (2%)
  • Georgia (2%)

Industry Focus

  • Logistics
  • Software
  • Fintech
  • E-commerce
  • Supply Chain Management
  • Transportation
  • Freight Service
  • Payments
  • Shipping
  • Information Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Flexport frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 4
FJ Labs
North America, New York, United States, New York
Co-Investments: 5
Soma Capital
North America, California, United States, San Francisco
Co-Investments: 10
Karman Ventures (fka Moving Capital)
North America, California, United States, Santa Monica
Co-Investments: 4
JF
North America, California, United States, Los Angeles
Co-Investments: 5
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 9
K5 Global
North America, California, United States, San Francisco
Co-Investments: 3
4DX Ventures
North America, New York, United States, Brooklyn
Co-Investments: 3
FV
North America, Florida, United States, West Palm Beach
Co-Investments: 3
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 4

Which angels does Flexport often collaborate with?

JM
North America, Illinois, United States, Chicago
Shared Deals: 3
JM
North America, United States
Shared Deals: 2
LG
North America, California, United States, San Francisco
Shared Deals: 2
DF
North America, California, United States, Penngrove
Shared Deals: 2
AF
North America, California, United States, San Francisco
Shared Deals: 2
JA
North America, California, United States, San Francisco
Shared Deals: 2
CT
North America, California, United States, Los Angeles
Shared Deals: 2
SA
North America, California, United States, San Francisco
Shared Deals: 2
EG
North America, California, United States, San Francisco
Shared Deals: 2
IA
North America, California, United States, San Francisco
Shared Deals: 3

What are some of recent deals done by Flexport?

Cargon

Tbilisi, Dushet'is Raioni, Georgia

Cargon is digital freight forwarding solution that uses intelligent matching algorithms to connect shippers with carriers.

Freight ServiceShippingTransportation
SeedDec 20, 2023
Amount Raised: $1,940,000
FrontEdge

Lagos, Lagos, Nigeria

FrontEdge provides financial technology services for African exporters and importers

FinTechPaymentsProfessional Services
Debt FinancingNov 22, 2023
FrontEdge

Lagos, Lagos, Nigeria

FrontEdge provides financial technology services for African exporters and importers

FinTechPaymentsProfessional Services
SeedNov 22, 2023
Amount Raised: $10,000,000
Natilus

San Diego, California, United States

Transforming the world’s supply chain with next-generation cargo aircraft.

CommercialDronesLogisticsSupply Chain ManagementTransportation
Series UnknownDec 16, 2022
Saltbox

Atlanta, Georgia, United States

Saltbox provides workspaces that offer fulfillment and logistics support to ecommerce entrepreneurs.

E-CommerceLogisticsTransportationWarehousing
Series BNov 29, 2022
Amount Raised: $35,000,000
Harmonic.ai

San Francisco, California, United States

Harmonic provides data that moves at the speed of startups.

Business Information SystemsInformation TechnologyManagement Information Systems
Series ANov 6, 2022
Amount Raised: $23,000,000
GoodShip

Nashville, Tennessee, United States

GoodShip offers a cloud-based platform for collaboration that automates labor-intensive procurement processes.

AnalyticsOnline PortalsSoftware
Pre SeedOct 31, 2022
Amount Raised: $2,400,000
Noble

Tel Aviv, Tel Aviv, Israel

Noble helps companies quickly assess the creditworthiness of their customers and monitor it over time.

CreditFinancial ServicesFinTechSoftware
Series ASep 21, 2022
Amount Raised: $18,000,000
Protex AI

Dublin, Dublin, Ireland

Protex AI develops an AI-powered proactive health and safety technology that enables an injury-free industrial workplace.

Artificial Intelligence (AI)Computer VisionHealth CareIndustrialMachine LearningPublic Safety
Series AAug 28, 2022
Amount Raised: $17,985,147
Arena

New York, New York, United States

Arena empowers businesses across industries to make high frequency decisions fully autonomous.

Enterprise SoftwareSaaSSoftware
Series AAug 2, 2022
Amount Raised: $32,000,000