Funding round
Flexport Seed
Flexport, which works in logistics solutions in Amsterdam, raised $6.9M in a Seed round announced on 14 May 2015. 18 firms took part. It is Flexport's first venture round on record.
$6.9M
Amount raised
Not disclosed
Post-money valuation
18
Investors
no lead named
Valuation
What this round says about the price
Flexport did not disclose a valuation in this round. It is Flexport's first venture round on record, 2 years after it was founded in 2013. It is under 1% of the $2.22B Flexport has raised in the venture rounds on record. Flexport raised again 16 months later: a Series B round of $65M in Sep 2016, at $320M post-money.
Flexport's funding rounds
Flexport has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Seed this round 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 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
18 firms took part; no lead investor was named.
Investors
- GV backs 428 venture-backed companies new investor
- Bloomberg Beta new investor
- backs 52 venture-backed companies new investor
- A-Grade Investments new investor
- Box Group new investor
- backs 37 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- backs 212 venture-backed companies new investor
- backs 107 venture-backed companies new investor
- Hydrazine Capital new investor
- new investor
- Kindling Capital new investor
- Lunch Van Fund new investor
- backs 108 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
- TYLT Lab new investor
- backs 38 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Trucking and Logistics, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 25 Jun 2014 | $2.6M | not disclosed | SV Angel and Morado Ventures |
| Software Development Services | 7 May 2015 | $3.5M | not disclosed | not named |
| Gas Stations | 29 May 2015 | $3.1M | not disclosed | Madrona |
| Innovaccer Tech Companies | 13 May 2015 | $3.0M | not disclosed | not named |
| Newspapers & Magazines | 5 May 2015 | $2.5M | not disclosed | Pilot Group |
| Pet Boarding & Sitting | 7 May 2015 | $2.5M | not disclosed | Freestyle VC |
| Tech Companies | 4 May 2015 | $2.0M | not disclosed | not named |
| Tech Companies | 28 May 2015 | $1.6M | not disclosed | not named |
Questions
Frequently asked
How much did Flexport raise in its Seed round?
Flexport raised $6.9M in its Seed round, announced in May 2015.
Which investors took part in Flexport's Seed round?
GV, Bloomberg Beta, Acequia Capital, A-Grade Investments, Box Group and Cherubic Ventures and 12 more.
What was Flexport's valuation at the Seed round?
It was not disclosed.
Did Flexport raise again after this round?
Yes: a Series B round in Sep 2016 of $65M at $320M post-money.