Companies
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Flexport
Enterprise Software
Flexport is a San Francisco-based freight forwarding and logistics company providing technology-driven global shipping and supply chain management for businesses.
$1.01B
-$6.64
79.02%
30 days ago
$8.41
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Flexport was founded in 2013 by Ryan Petersen, entering the traditionally low-technology freight forwarding industry, which coordinates the complex logistics of moving goods internationally across ocean, air, and ground transportation along with the substantial customs and documentation requirements involved, based on the observation that the industry had historically relied on outdated, opaque, and often manual processes poorly suited to giving shippers real-time visibility into their goods' location and status while in transit. Flexport's platform gives businesses greater visibility and control over their international shipping and supply chain operations compared to traditional freight forwarders, combining freight forwarding services with software that tracks shipments in real time and helps businesses manage the complex documentation and customs requirements involved in international trade, positioning itself as a more modern, technology-driven alternative to legacy freight forwarding incumbents. The company has navigated significant volatility tied to broader global shipping market cycles, including a period of substantial cost pressure and leadership changes around 2022 and 2023 that led founder Ryan Petersen to return as CEO after departing the role, and the business has continued to be affected by unpredictable global trade policy developments, including tariff changes, that can significantly affect international shipping volumes and patterns in ways outside the company's direct control. Flexport has raised very substantial venture funding from investors including SoftBank Vision Fund and Founders Fund, reaching a valuation exceeding $8 billion at its peak, competing with traditional freight forwarding incumbents and other technology-driven logistics companies.
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