Flexport

others

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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About

Flexport is a platform for global trade. The company makes it easy for businesses to move products by air, land, and sea around the world. It is a licensed customs brokerage and freight forwarder built around an online dashboard. Users can track their shipments online and use analytics and reporting to increase output and efficiency. Users can track their shipments online and use analytics and reporting to increase output and efficiency.

Focus

PRODUCTS & SERVICES

Flexport is a licensed freight forwarder that uses people and software to manage the complexity of international trade. Flexport provides a web-based app that offers real-time visibility of your shipments The services Flexport provides are ocean freight, air freight, trucking and delivery, government agency and filings, custom clearances, custom bonds, cargo insurance, quality inspections, warehouse and fulfillment, and product classification.

REVENUE MODEL

The main revenue streams come from institutional clients. Flexport negotiate rates with Carriers and re-sell that capacity at a margin to their customers.

MAIN CLIENTS

Flexport serves both institutional and retail clients. For institutional clients

it provides an integrated service ranging from port-to-port shipment to supply chain optimization

along with all their proprietary technology. For retail clients

it provides a delivery service with tracking available 24/7 via an app.

EXISTING PARTNERSHIPS

Flexport’s key partners are freight forwarding companies

specifically in ocean FCL/LCL

air freight

trucking and fulfillment.

PRIMARY PROBLEM SOLVED

Flexport cuts down on paperwork and headaches for importers,.It is a rare freight-forwarding outfit to digitize international shipping, making it easy to move goods through customs and around the world.

COMMENT

Flexport’s IP is its proprietary software platform that allows consumers to access and negotiate pricing, track shipments, perform and review analytics and optimize supply chains.

People

FOUNDERS

Ryan Petersen

BOARD MEMBERS AND ADVISORS

Trae Stephens

NUMBER OF EMPLOYEES

501-1000

INVESTORS:

Ashton Kutcher

Felicis Ventures

First Round

Founder's Fund

Momentum

FUNDED

YES

TOTAL FUNDING

$94 M

DATE OF LAST FUNDING

Sep 2016

FUNDING SERIES

SERIES A  · $29 M  · Aug 2015

SERIES B  · $65 M  · Sep 2016

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

61 VISITORS | 107 VIEWS
LATEST FUNDING ROUND

$94 M

TOTAL EMPLOYEES
501-1000

About

Flexport is a platform for global trade. The company makes it easy for businesses to move products by air, land, and sea around the world. It is a licensed customs brokerage and freight forwarder built around an online dashboard. Users can track their shipments online and use analytics and reporting to increase output and efficiency. Users can track their shipments online and use analytics and reporting to increase output and efficiency.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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