Fundraising Fox

Flexport

also invests · investor profileUnicorn · $8BYC W14YC Top Company

San Francisco, US · Founded 2013 · Delaware corporation · 3,000 employees · Hiring · 46 known investors

Flexport provides an AI-driven platform for global supply chain management, offering logistics visibility, customs brokerage, and freight optimization for companies shipping goods internationally. The platform integrates machine learning and autonomous decision-making to reduce freight costs and improve on-time performance across ocean, air, truck, and rail shipments.

Also known as Flexport Inc · Flexport Inc.

Founders & leadership· Y Combinator alumni (W14)

Flexport was founded in 2013 by Ryan Petersen and Ryan Peterson.

RPRyan Petersen
Ryan Petersenin𝕏Founder & CEORyan Petersen is the founder and CEO of Flexport, which provides an AI-driven platform for global supply chain management, offering logistics visibility, customs brokerage, and freight optimization for companies shipping goods internationally.
RPRyan Peterson
Ryan PetersonCo-founder
SM
Sanne MandersExecutive
CF
Christopher FerroExecutive
SP
Sudhanshu PriyadarshiExecutive

Board

MR
Michael RonenBoard director
TSTrae Stephens
Trae Stephensin𝕏Board directorPartner at Founders Fund and co-founder of Anduril

Investors · 46

137 VenturesSan Francisco
8VCAustin · $100K – $50M
Acequia Capital (AceCap)Seattle · $100K – $5M
Adit Ventures Management, LlcNew York
Allied Venture PartnersCalgary · $100K – $350K
Andreessen HorowitzMenlo Park · $500K – $50Mvia Bob Swan · board
Better Tomorrow VenturesSan Francisco · $500K – $4M
Champion Hill Ventures$500K – $1M
Cherubic VenturesGrand Cayman · $220K – $27M
Ethos VCSan Francisco · $250K – $3M
Felicis VenturesSan Francisco · $500K – $15M
First Round CapitalSan Francisco · $1M – $7M
FJ LabsNew York · $100K – $3M
Founders FundSan Francisco · $500K – $5Mvia Trae Stephens · board
FPVJackson · $100K – $5M
Friends Family CapitalSilicon Valley
JovonoCalifornia · $50K – $3M
JuniperoMiami
K2 GlobalSingapore
Long Journey VenturesSan Francisco · $100K – $1M
MaC Venture CapitalLos Angeles · $500K – $2M
Nelstone Venturesvia Rich Nelson · inferred
Next Legacy PartnersPortola Valleyvia Ryan Nece · led
Night Owl Ventures
ReshapeNew York · $100K – $2Mvia Vinay Menda · inferred
Ritual CapitalMenlo Park · $100K – $500Kvia Chris Howard · inferred
Rosecliff VenturesNew York City · $500K
Sherpalo VenturesMenlo Park
SoftBank Vision FundLondon
Sozo VenturesRedwood City
Sparq Capital (SFO)Palo Alto
Standard CapitalSan Francisco
SV AngelSan Francisco
Vershina CapitalNicosia
Winklevoss CapitalNew York · $100K – $5M
Y CombinatorSan Francisco · $500K
Bloomberg BetareportedSan Francisco · $25K – $1M
DST GlobalreportedGeorge Town, Grand Cayman · $100K – $200M
Fuel CapitalreportedCovina · $500K – $1M
Prologis VenturesreportedSan Francisco · $100K – $5M
Saga VenturesreportedAustin
Shopifyreported · 2 sourcesOttawa
Sound VenturesreportedSanta Monicavia Ashton Kutcher · inferred
Susa Venturesreported · 2 sourcesSan Francisco · $1M – $5M

Also in the syndicate · 2

Kevin KwokMichael Dell

Funding

SEC filings, press & company announcements

$1.8B disclosed across 3 of 5 rounds · 2017–2024

$933.7MraisedFeb 2022 · 22 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Bob SwanDirector
  • Trae StephensDirector
  • Sanne MandersExecutive Officer
  • Ryan PetersenExecutive Officer, Director
  • Christopher FerroExecutive Officer
  • Kenny WagersExecutive Officer
Offering amount
$935.4M
Amount sold
$933.7M
First sale
Jan 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$604.3MraisedMay 2019 · 50 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael RonenDirector
  • Sanne MandersExecutive Officer
  • Trae StephensDirector
  • Christopher FerroExecutive Officer
  • Sudhanshu PriyadarshiExecutive Officer
  • Ryan PetersonExecutive Officer, Director
Offering amount
$1.1B
Amount sold
$604.3M
First sale
Apr 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$8Bvaluation at Series EFeb 2022
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Flexport Inc. is a San Francisco-headquartered supply chain management and logistics company that combines freight forwarding and licensed customs brokerage with a cloud software platform. Its services span ocean freight (FCL and consolidation), air freight including charters, trucking (drayage, cartage, FTL and LTL), customs brokerage, cargo insurance, duty drawback, order management, trade advisory, trade financing and working capital, climate services, warehousing and omnichannel e-commerce fulfillment. The platform connects importers, exporters, trucking companies, ocean carriers, airlines, customs agencies and port terminals, integrating ERP data across parties so that cargo information and freight processing can be managed in one system.

The company positions itself around SKU-level track-and-trace across purchase orders, a machine-learning consolidation and routing engine for air and ocean shippers, and compliance tooling such as a Tariff Simulator, Tariff Refund Calculator, Product Library and AI Compliance Auditor. It also runs reporting and analytics for data-informed supply chain decisions. Flexport's fulfillment arm serves as a logistics partner for platforms and retailers including Shopify, Walmart and SHEIN Marketplace, and named customers include Everlane and Trek.

As described by third-party research, Flexport's core forwarding role requires coordinating with as many as 20 companies to move freight internationally, in an industry where legacy players still rely heavily on faxes, phone calls, email and PDFs. Wikipedia reports revenue of $2.1 billion in 2024 and 2,100 employees in 2025; Y Combinator lists a team size of 3,000 and more than 40,000 customers, while Contrary Research lists 2,793 employees and a Series E stage as of February 2026.

Business model

Flexport operates as a technology-enabled freight forwarder and customs broker: it contracts capacity from ocean carriers, airlines and trucking networks and resells transportation and related services to shippers, layering software for visibility, consolidation, routing, customs entry automation and analytics on top. Adjacent revenue lines include customs brokerage and trade advisory, cargo insurance, duty drawback, trade financing/working capital, warehousing and e-commerce fulfillment, quality inspections and product sourcing. Its early go-to-market resolved a two-sided chicken-and-egg problem by using the software as a differentiator to obtain conditional commitments from shippers, which were then used to negotiate rates with carriers. The company also invests in logistics technology startups, for example participating in the seed round of Pakistani trucking startup Bridgelinx in 2021.

Full profile — history

History

Flexport was founded in 2013 by brothers Ryan and David Petersen and participated in Y Combinator's Winter 2014 batch. It told Chinese outlet 36Kr in May 2015 that it was on pace for $60 million in 2015 sales, had more than 600 customers in 2016, and in July 2016 employed 420 people across seven offices including Atlanta, Amsterdam, Hong Kong and Shenzhen at a $365 million valuation. In 2017 it raised a $110 million Series C — reportedly turning down a $1 billion valuation — bringing cited cumulative funding to $304 million, and began opening its own consolidation warehouses in Hong Kong and Los Angeles. Layoffs followed at the start of the COVID-19 pandemic in 2020, but 2021 brought record growth: revenue more than doubled to $3.2 billion, headcount reached nearly 2,700 across 23 offices, and the company recorded its first EBIT-positive year.

In February 2022 Flexport raised a $935 million Series E at an $8 billion valuation, and in June 2022 named Amazon consumer chief Dave Clark CEO. In May 2023 Shopify sold its logistics business to Flexport for roughly 13% of the company. Clark resigned in September 2023 after disagreements with Ryan Petersen, who resumed the CEO role and rescinded dozens of outstanding job offers. Flexport bought the assets of collapsed digital freight unicorn Convoy in November 2023, took a $260 million uncapped convertible note investment from Shopify announced in January 2024, and agreed in July 2025 to sell the Convoy Platform to DAT Freight & Analytics. The Wall Street Journal reported in March 2025 that the company missed a profitability target.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average international freight spend reductionJan 202610%
Countries servedJan 2021112
CustomersJan 202640,000 customers
EmployeesFeb 20262,793 people
Merchandise value movedJan 2021$19B
OfficesJan 202123 offices
On time delivery rateJan 202697%
On time shipping rateJan 202699%
ProfitabilityJan 2021First EBIT positive year
RevenueJan 2024$2.1B
Sales run rateMay 2015$60M
Tariff savings for customersJan 2026$900M
Team sizeJan 20263,000 people
ValuationFeb 2022$8B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

13 people who came through Flexport went on to found or lead other companies.

+ 1 more

Competitors · 5

by search overlap

Companies competing with Flexport for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 13

launches, deals, and filings
Jul 2025
Agreement to sell Convoy Platform to DAT Freight & Analytics

In July 2025, Flexport agreed to sell the Convoy Platform to DAT Freight & Analytics.

source ↗

Jan 2024
Flexport raises $260M from Shopify

Investment of $260 million from Shopify structured as an uncapped convertible note; announced by CEO Ryan Petersen and published on Flexport's blog in January 2024.

$260M source ↗

Nov 2023
Flexport acquires assets/technology of Convoy

Flexport purchased the assets of Convoy, a digital freight trucking software company previously valued at over $1 billion that had shut down operations weeks earlier.

source ↗

Sep 2023
CEO Dave Clark resigns; Ryan Petersen returns as CEO

Clark resigned in September 2023 after roughly one year, following disagreements with founder Ryan Petersen, who resumed the CEO role. Upon returning, Petersen rescinded dozens of accepted job offers.

source ↗

May 2023
Uber Freight executive hired to build truck brokerage

WSJ reported Flexport tapped an Uber Freight executive to build its truck brokerage business.

source ↗

May 2023
Named to 2023 CNBC Disruptor 50

source ↗

May 2023
Acquisition of Shopify Logistics assets in exchange for equity

Shopify sold its logistics service (including Deliverr and other assets) to Flexport in exchange for 13% of Flexport.

source ↗

Jun 2022
Amazon consumer chief Dave Clark named CEO

Flexport announced that Amazon worldwide consumer chief Dave Clark would join as CEO.

source ↗

Feb 2022
Flexport raises $935M Series E at $8B valuation

Series E round led by Andreessen Horowitz and MSD Partners, with new investor Shopify and existing investors DST Global, Founders Fund, SoftBank Vision Fund and angel Kevin Kwok; valuation of $8 billion. CNBC reported Michael Dell among investors.

$935M source ↗

Feb 2022
Aircraft purchase agreement with Natilus

Flexport, together with Volatus Aerospace, Aurora International, Dymond and Astral Aviation, agreed to purchase 440+ aircraft worth $6 billion from US-based Natilus.

$6B source ↗

Jan 2021
Participation in Bridgelinx seed round

Flexport participated in the seed round of Pakistan-based trucking startup Bridgelinx (BridgeLinx raised $10 million).

source ↗

Jan 2020
COVID-19 pandemic layoffs

During the 2020 COVID-19 pandemic, Flexport announced layoffs alongside other Silicon Valley technology startups.

source ↗

Oct 2017
$110M Series C round

Flexport raised $110 million in a Series C round; reporting at the time noted the company turned down a $1 billion valuation. As of 2017 total raised was cited as $304 million.

$110M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
FlexportDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Flexport do?
Flexport provides an AI-driven platform for global supply chain management, offering logistics visibility, customs brokerage, and freight optimization for companies shipping goods internationally. The platform integrates machine learning and autonomous decision-making to reduce freight costs and improve on-time performance across ocean, air, truck, and rail shipments.
Who founded Flexport?
Flexport was founded by Ryan Petersen, Ryan Peterson in 2013.
Who are Flexport's investors?
Flexport's investors include 137 Ventures, 8VC, Acequia Capital (AceCap), Adit Ventures Management, Llc, Allied Venture Partners, Andreessen Horowitz, Better Tomorrow Ventures, Champion Hill Ventures and 36 more.
How much funding has Flexport raised?
Flexport has disclosed $1.8B raised across 3 of its 5 known rounds.
Where is Flexport headquartered?
Flexport is headquartered in San Francisco, US.