About Flexport
Flexport is a global logistics technology platform and licensed customs brokerage on a mission to make global trade easy for everyone. Founded in 2013 by Ryan Petersen in San Francisco, Flexport has raised approximately $2.5 billion in total funding — including a $935 million Series E in February 2022 that valued the company at $8 billion. Based on Shopify's publicly disclosed 17% ownership stake as of late 2024, Flexport's implied valuation is approximately $3.8 billion.
Flexport provides ocean freight, air freight, trucking, customs brokerage, warehousing, and trade financing through an integrated technology platform offering real-time supply chain visibility and AI-powered optimization. The company reported approximately $1.5 billion in revenue in 2024 and employs approximately 2,700 people. In 2023, Flexport acquired Shopify's logistics division in exchange for approximately 13% of the company, adding fulfillment capabilities serving thousands of e-commerce merchants. Founder Ryan Petersen returned as CEO in late 2023 and the company targets organic profitability by 2026.
Flexport's key investors include Andreessen Horowitz (led the $935M Series E), SoftBank Vision Fund (led the $1B Series D), Founders Fund, DST Global, KKR, and Shopify (strategic). The company has also launched AI-powered customs compliance tools to help importers reduce duty exposure and identify filing errors in real time.
Funding History
| Round | Date | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|---|
| Conv. Note | Jan 2024 | $260M | Undisclosed | Shopify (uncapped convertible note) |
| Series E | Feb 2022 | $935M | ~$8B | Andreessen Horowitz, MSD Partners, Founders Fund, existing investors |
| Series D | 2019 | $1B | Undisclosed | SoftBank Vision Fund |
| Series C | 2018 | $110M | Undisclosed | SoftBank Vision Fund, DST Global, Founders Fund |
| Series B | 2016 | ~$65M | Undisclosed | Founders Fund, DST Global |
| Series A | 2014 | ~$20M | Undisclosed | Founders Fund, First Round Capital |
Figures sourced from public disclosures. Approximate. For informational purposes only. Not an offer or solicitation.
Company Details
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