Flexport

Flexport

  • FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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

MEDICI analysts will analyze Flexport soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$94 Millions
DATE OF LAST FUNDING:
Sep 2016
FUNDING SERIES:
SERIES A
$29 Millions Closed: Aug 2015
SERIES B
$65 Millions Closed: Sep 2016
LISTED:
NO

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