He engages where a lot of executives wont. (Photo: Jim Allen/FreightWaves) Global logistics platform Flexport announced Monday it is looking to close a $935 million series E investment round by the end of the first quarter that will value the company at over $8 billion. Even when importers are willing to pay a premium for a specific spot on a boat on a certain day, capacity has been so limited that no amount of premium payments are sufficient because the existing contracted space is the entire capacity of the transporter ships. Historical or hypothetical performance results are presented for illustrative purposes only. Others question whether itll be Flexport that will win. Updated data for US Treasury yield curve. If they do end up exploring an IPO in the near future, investors should know all investments have risks. Project44 offers an end-to-end supply chain visibility platform for shippers and third-party logistics firms. For businesses facing inventory crunches, it built an app for truckers to tap into and learn where theyll be needed 10 days in advance. T-bills are purchased at a discount to the par value and the T-bills yield represents the difference in price between the par value and the discount price. Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. Nominations are officially closed. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Logistics startup Flexport plans hiring spree, to double engineers in 2023 Flexport's latest post-money valuation is from February 2022. Win whats next. In the US alone, Flexport has to deal with 43 different trade regulators. Their latest acquisition was Crux Systems on October 10, 2019. Digitization in the freight industry has been under way for years, with capital flooding into freight forwarders like Flexport, but the expense of upgrading legacy databases with digital tracking systems has slowed the transition. Put your cash to work with a high-yield Treasuries account. He quickly stood out. Flexport's mission is to fix the user experience in global trade and bring the world free trade through technology. Flexports aggressive fundraisingit has secured more than $2 billion to datemeant dilution for Petersen personally, who today owns just 9% of his company despite having no cofounders. The gate-crashing younger Petersen made a lasting impression on Paul Graham, the accelerators cofounder, who had an interest in global trade. Flexports centralized tracking and messaging cut out thousands of emails, saving clients an average of four work hours per week. With fresh financing, the company says it plans to begin expanding into new markets and accelerate the development of its technology. Flexport It expects revenue of close to $5 billion this year. He said, When it went from a Tweet to a tariff, as policy is implemented these days, we were able to engage with our clients within hours. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Clark said the tech openings, from entry-level to experienced ones, will be across the U.S. with a focus on Bellevue, Washington, a tech town that houses Amazon and Microsoft. The starting goal of Flexport was to fix the user experience in global trade. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. This story appears in the February/March 2022 issue of Forbes Magazine. Flexport is currently testing a new freemium service it will launch this year, one that provides free visibility, carbon tracking and messaging to users even if they dont run freight with Flexport. Flexport's deal structure is available for 6 funding rounds, including their Series E - II from February 07, 2022. It primarily caters to the automotive, building materials, consumer goods, food and beverage, manufacturing, oil, gas, and chemicals, and retail industries. Any container ship on the West Coast, I guarantee we are on there.. From soybeans and automobiles to lumber and lobsters, industries across the board have felt the impact as the U.S. seeks to stimulate demand for its goods and China continues to press for greater global economic influence. Track cargoeven if other partners handle it. Petersen started chartering planes again, this time for a good cause. The company was founded in 2015 and is based in Boston, Massachusetts. And in February 2020, when Covid-19 shutdowns in China started to reverberate through the supply chain, Petersen panicked. Which investors participated in the most funding rounds? According to the website, the Flexport vision includes building the first Operating System for Global Trade, a strategic operating model that combines technology and analytics, logistics infrastructure, and hands-on supply chain expertise. Digital freight forwarder Nowports reaches $1.1B valuation. Flexport moved $19B in gross merchandise value in 2021 for clients across 112 countries. This content is not investment advice. This has happened in the past when they had a four year contract with Western Global Airlines that was beset with multiple mechanical failures and repair delays. Flexport's valuation more than doubled to $8 billion on Monday after a funding round led by venture capital firms Andreessen Horowitz and MSD Partners, as logistics companies attract investors . Flexport revenue is $471.0M annually. Treasuries. Listen to our daily live shows on the latest market news. It works with at least 20 more across the globe. Flexport was founded to modernize and fix the freight industry. But the duo had bigger ambitions. 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They utilize Flexports proprietary modern technology system to help them route supplies to wherever they are most needed in the world. Flexports software analyzes and optimizes a customers supply chain, then automates it, often coming up with ways to shave days off delivery and save customers millions in late fees. But its Flexports visibility tools that allow marketers and store managers to know when to expect new shipments thats really valuable, says Rothys COO, Heather Skidmore Howard. site you are consenting to these choices. Sign up for free newsletters and get more CNBC delivered to your inbox. With quick uplift to speed delivery, urgent shipments lift sales. Flexport winning $8B valuation with tech-enabled global logistics Access capital for logistics costs and focus on opportunity. Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade. Learn more. Open to the Public Investing, Inc. There isnt a silver bullet for this.. What you need to know about a 2021 Flexport IPO, Open to the Public Investing, Inc. Cumbersome, prone to error and lacking transparency for companies trying to include freight forwarding costs in their planning, Flexport sought to modernize and simplify the process. Lets explore what type of risks investors might need to consider with a Flexport IPO. He notes the increase is due not just to increased current demand, but also by retailers re-stocking to be prepared for future demand.