Flexport

Flexport, Inc. is a global freight forwarder and logistics platform that offers online customs brokerage and freight forwarding services. Founded in 2013 and based in San Francisco, the company provides a comprehensive online dashboard that allows businesses to understand, purchase, manage, and track essential services for global trade. Flexport's offerings include customs brokerage, which encompasses customs clearances, bonds, product classification, and government filings, as well as freight forwarding services such as ocean, air, and road transport. The company also delivers supply chain solutions, including cargo insurance, quality inspections, warehousing, fulfillment, product sourcing, and trade finance. By leveraging modern software, Flexport aims to enhance the user experience in global trade, ensuring timely and cost-effective delivery of goods to fulfillment centers.

Ryan Petersen

CEO and Founder

Past deals in Transportation

Cargon

Seed Round in 2023
Cargon is a logistics company that provides a digital freight forwarding solution designed to connect shippers with carriers through intelligent matching algorithms. The company's platform facilitates an online freight forwarding service, allowing shippers to reliably transport loads while offering real-time tracking capabilities. By streamlining the logistics process, Cargon enhances the efficiency of shipping operations for its users.

Rybit

Series A in 2023
Rybit is a technology platform that specializes in the last mile delivery industry, focusing on optimizing and simplifying delivery operations for both individuals and businesses. The company has developed an e-bike rental application tailored to various sectors, including food and grocery delivery, transportation, hotels, and tourism. This app incorporates features such as operations management, IoT vehicle integration, vehicle tracking, error monitoring, and anti-theft capabilities. By providing a comprehensive mobility solution, Rybit enables its customers to enhance efficiency and streamline their delivery processes.

Deliverr

Acquisition in 2023
Deliverr, Inc. is a San Francisco-based company founded in 2017 that specializes in order fulfillment services for e-commerce retailers. The company provides shipping solutions designed to help online businesses meet shipping standards and avoid penalties associated with late shipments. By leveraging machine learning and predictive intelligence, Deliverr's platform enables sellers to offer various shipping options and access services such as warehousing, order handling, and packaging. This tech-enabled approach allows sellers of all sizes to fulfill orders efficiently, improve customer satisfaction, and expand their market reach through fast and cost-effective fulfillment solutions.

Natilus

Venture Round in 2022
Natilus Inc., founded in 2016 and based in San Jose, California, develops innovative aircraft drones for freight forwarding. Co-founded by Aleksey Matyushev and Anatoly Starikov, the company aims to revolutionize the freight transport industry through advanced technology and design, leveraging a team with extensive experience in various aviation sectors. Natilus seeks to reduce air freight costs, making goods more affordable and enhancing global trade by connecting underdeveloped regions. The market for autonomous cargo aircraft is estimated to exceed $280 billion, and Natilus projects that its cost-effective solutions could expand the total addressable market to $470 billion. The company’s drones utilize carbon fiber composites and existing engine technology, allowing for efficient operation with standard air cargo containers. Its product line includes several models tailored for varying ranges and capacities, providing a comprehensive solution for transport and delivery companies.

GoodShip

Pre Seed Round in 2022
GoodShip offers a cloud-based platform for collaboration that automates labor-intensive procurement processes. The software provided by the company provides real-time analytics on the performance of every lane and carrier, providing shippers with AI-powered insights, automated reports, and scorecards to aid in supply chain agility.

Rider

Seed Round in 2022
Rider is a logistics startup based in Pakistan that focuses on providing innovative solutions for last-mile delivery tailored for online shippers. The company has developed a technology-driven platform that facilitates the delivery of e-commerce products from various online stores and marketplaces directly to customers. Rider offers services such as cash on delivery and a "cash now, deliver later" option, which allows vendors to receive payments promptly while ensuring timely delivery of goods to their customers. This customer-centric approach aims to enhance the overall efficiency of the e-commerce delivery process in the region.

Topship

Seed Round in 2022
Topship is a shipping platform designed to facilitate the import and export of parcels, cargo, and freight for African businesses. By leveraging technology, Topship aims to enhance transparency and streamline logistics, allowing users to efficiently connect with customers, suppliers, and distributors globally. The platform provides a comprehensive solution for merchants, enabling them to manage international deliveries, including last-mile logistics, ensuring a seamless shipping experience from the customer's doorstep to any desired location.

OnePort 365

Seed Round in 2022
Oneport 365 is a B2B digital freight forwarding platform offering simplified, all-inclusive, and transparent freight forwarding services driven by technology.

RoadFlex

Series A in 2022
RoadFlex is a modern fuel card and expense management platform tailored for growing commercial vehicle fleets across various industries, including passenger transportation, HVAC, delivery, and landscaping. The platform provides comprehensive visibility and control over fuel and other work-related expenses, allowing fleet owners to optimize operations and finances. By offering integrated payment tools, RoadFlex enhances the convenience and cost-efficiency of fleet management compared to traditional financial services, ultimately helping fleet operators save money while improving overall operational effectiveness.

Freightpay

Seed Round in 2022
Freightpay’s mission is to enable the global supply chain to transact more efficiently.

Coast

Series A in 2022
Coast is a developer of a card payment platform designed to make fleet and gasoline payments easier for truck drivers. The company's platform provides payment integration solutions to fleets, making fleet administration easier than traditional financial services.

Amitruck

Seed Round in 2022
Amitruck is a logistics platform based in Nairobi, Kenya, that connects cargo owners with trucking professionals through a mobile and web application. Founded in 2018, the platform allows customers to easily book deliveries and access a network of available trucks. It features a driver application that facilitates communication between clients and transporters, ensuring timely updates on shipments. Amitruck's user-friendly interface enables clients to receive instant quotes and track their deliveries in real-time, offering complete visibility throughout the delivery process.

Nuvocargo

Venture Round in 2021
Nuvocargo, Inc. is a digital platform specializing in cross-border trade between the United States and Mexico. Founded in 2017 and based in New York, it offers a comprehensive range of services, including customs brokerage, freight forwarding, cargo insurance, and supply chain financing. By providing standardized and transparent quotes from a network of carriers, Nuvocargo enhances the shipping experience for its clients. The platform features a cloud-based dashboard that enables real-time tracking of cargo, including shipment status and customs clearance. Nuvocargo aims to modernize the logistics industry, which has largely remained undigitized despite its substantial market size. With a fully bilingual team, the company has demonstrated significant growth, achieving over 25% revenue increases month over month since late 2019. Nuvocargo is supported by prominent investors and industry leaders, further solidifying its position in the logistics sector.

Ofload

Series A in 2021
Ofload is a digital road freight platform that addresses inefficiencies in the logistics sector by connecting shippers with a network of reliable carriers. The platform facilitates end-to-end logistics management, allowing businesses to optimize their shipping processes. By utilizing technology, Ofload enhances visibility for its users, ensuring that shipments are delivered promptly and cost-effectively. The service also maximizes vehicle capacity by filling unused space in delivery vehicles, which contributes to reducing waste in the industry. This approach not only streamlines operations for small and medium-sized carriers but also provides valuable data to improve overall logistics efficiency.

Voyager Portal

Series A in 2021
Voyager Portal is a voyage management and demurrage platform tailored for the bulk marine shipping industry. It assists bulk charterers in enhancing operational efficiency while minimizing costs, risks, and complexities associated with shipping processes. By providing a unified environment for maritime leaders and operators, Voyager enables collaborative management of the shipping lifecycle, which includes demand planning, chartering, operations, demurrage, and invoicing. The platform automates manual tasks and utilizes real-time insights, allowing users to achieve significant savings on demurrage and streamline their overall voyage management.

CloudTrucks

Series B in 2021
CloudTrucks develops a virtual trucking carrier application designed to reduce operating costs for truck drivers. The platform helps to manage and book loads from brokers and shippers, offer instant payments after load delivery, and access to cheap insurance options, enabling truck owners and operators to strategize their schedule and design a revenue-maximizing driving program. The company was founded in 2019 and is headquartered in San Francisco, California.

BridgeLinx

Seed Round in 2021
BridgeLinx helps businesses, mainly large manufacturers and retailers, move freight by connecting them with carriers (truckers, owner-operators, transporters, and private fleets) through its online marketplace.

Telegraph

Venture Round in 2021
Telegraph is a technology company founded in 2020 and headquartered in Chicago, Illinois, that focuses on transforming the freight rail industry through its innovative cloud-based platform. The company simplifies complex workflows and enhances collaboration among railroads, shippers, and third-party logistics providers, thereby improving visibility and insights into rail operations. By employing advanced technology, Telegraph aims to create a more sustainable and efficient supply chain, facilitating seamless logistics and streamlined operations across the freight ecosystem.

GAIL

Series A in 2021
GAIL is a generative AI solution for insurance agencies. It provides a multilingual AI capable of communicating via speech, SMS, email, and WhatsApp. It also provides recordings, transcripts, analytics, and follows up with callers with any necessary deliverables.

Trella

Venture Round in 2021
Trella is a Cairo-based company founded in 2018 that provides an online platform connecting shippers to carriers in the shipping and transportation sector. The platform enhances the efficiency of drivers and offers opportunities for increased earnings and better load utilization. Trella aims to lower shipping costs through a transparent pricing structure, ensuring shippers have access to reliable carriers. It provides real-time shipment tracking and critical insights into transportation trends and performance, fostering improved decision-making for shippers. By bridging the gap between shippers and carriers, Trella enhances the overall efficiency of the logistics process.

Denim

Series A in 2021
Denim is a freight payment system specifically designed for freight brokers, focusing on the management of working capital, carrier payments, and back-office processes. The platform offers a suite of services, including factoring, automated invoicing, collections, and payments, aimed at simplifying operations for small freight brokers. By enhancing access to critical working capital, Denim enables these brokers to thrive in a competitive market, allowing them to concentrate on their core business activities while streamlining their financial processes.

Crux Systems

Acquisition in 2019
Crux Systems, founded in 2014, specializes in providing real-time status and location data for import containers entering North America. By offering a centralized platform for cargo owners, freight forwarders, and trucking companies, Crux Systems enhances supply chain planning and delivers actionable insights that help reduce dwell times and demurrage fees while minimizing the time spent tracking containers. In 2019, the company partnered with Flexport to enhance visibility and control over inventory in transit, aiming to lower supply chain costs. Together, they are working towards creating a comprehensive Operating System for Global Trade, which will enable clients to track containers worldwide, ultimately simplifying global trade processes for all stakeholders involved.
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