Funding round
Flexport Growth
Reported as "Growth Equity"
Flexport, which works in logistics solutions in Amsterdam, raised $100M in a Growth round announced on 30 Apr 2018. 6 firms took part, 6 of them already investors. It is Flexport's fourth venture round on record; the one before was a Series C in Oct 2017.
$100M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Flexport did not disclose a valuation in this round; its last disclosed one was $910M at the Series C (Oct 2017). It came 6 months after Flexport's Series C. It is 4.5% of the $2.22B Flexport has raised in the venture rounds on record. Flexport raised again 10 months later: a Growth round of $1.00B in Feb 2019, at $3.20B post-money.
Flexport's funding rounds
Flexport has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 14 May 2015 $6.9M
- Series B 26 Sep 2016 $65M$320M post-money
- Series C 6 Oct 2017, led by DST Global $110M$910M post-money
- Growth this round 30 Apr 2018 $100M
- Growth 21 Feb 2019, led by SoftBank Vision Fund $1.00B$3.20B post-money
- Series E 7 Feb 2022, led by Andreessen Horowitz and BDT & MSD Partners $935M$8.00B post-money
- Debt not a venture round 20 Oct 2022, led by KKR $200M
- Debt not a venture round 18 Jan 2023 $260M
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- SF Express existing investor
- backs 212 venture-backed companies existing investor
- Bloomberg Beta existing investor
- Founders Fund backs 368 venture-backed companies existing investor
- DST Global backs 179 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Trucking and Logistics, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 12 Mar 2018 | $740K | not disclosed | not named |
| Trucking and Logistics | 13 Jul 2018 | $250M | not disclosed | InnoVision Capital |
| General Assembly Computer Training Schools | 1 Apr 2018 | $413M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 26 Apr 2018 | $300M | not disclosed | Goldman Sachs and Tencent |
| Scrap Metals | 17 Apr 2018 | $276M | not disclosed | not named |
| Mining & Gas Exploration | 23 Apr 2018 | $265M | not disclosed | not named |
| Software Development Services | 9 Apr 2018 | $110M | not disclosed | Great Hill Partners |
| Wine Shops & Wineries | 12 Apr 2018 | $75M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Flexport raise in its Growth round?
Flexport raised $100M in its Growth round, announced in Apr 2018.
Which investors took part in Flexport's Growth round?
SF Express, First Round, Bloomberg Beta, Founders Fund, DST Global and Y Combinator.
What was Flexport's valuation at the Growth round?
It was not disclosed; its last disclosed one was $910M at the Series C (Oct 2017).
Did Flexport raise again after this round?
Yes: a Growth round in Feb 2019 of $1.00B at $3.20B post-money.