Funding round
Flexport Series E
Flexport, which works in logistics solutions in Amsterdam, raised $935M in a Series E round announced on 7 Feb 2022, led by Andreessen Horowitz and BDT & MSD Partners, at a $8.00B post-money valuation. 7 firms took part, 5 of them already investors, with 1 individual investor. It is Flexport's sixth venture round on record; the one before was a Growth in Feb 2019.
$935M
Amount raised
$8.00B
Post-money valuation
$7.07B pre-money
7
Investors
2 leads
2.5x
Step-up from the Growth
$3.20B in Feb 2019
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flexport at $8.00B after the new money, 2.5 times the $3.20B of its Growth (Feb 2019). The $935M bought investors about 12% of the company. It came 36 months after Flexport's Growth. It is 42% of the $2.22B Flexport has raised in the venture rounds on record. No later venture round is on record for Flexport.
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 30 Apr 2018 $100M
- Growth 21 Feb 2019, led by SoftBank Vision Fund $1.00B$3.20B post-money
- Series E this round 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
Andreessen Horowitz and BDT & MSD Partners led the round with 5 other firms. Andreessen Horowitz, BDT & MSD Partners, SoftBank Vision Fund and DST Global and 1 more had backed Flexport before.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- BDT & MSD Partners backs 25 venture-backed companies existing investor
Also in the round
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- Shopify new investor
- DST Global backs 179 venture-backed companies existing investor
- Founders Fund backs 368 venture-backed companies existing investor
- kwokchain new investor
Individual investors: Kevin Kwok.
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: 1 in Trucking and Logistics, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 25 Oct 2021 | $100M | $500M | Tiger Global and Vitruvian Partners |
| Weee! Groceries | 28 Feb 2022 | $425M | $4.10B | SoftBank Vision Fund |
| Uniphore Tech Companies | 16 Feb 2022 | $400M | $2.50B | New Enterprise Associates |
| ElasticRun Warehousing & Storage | 17 Feb 2022 | $330M | $1.50B | SoftBank Vision Fund and Goldman Sachs Asset Management |
| Somatus Home Health Care | 23 Feb 2022 | $325M | $2.50B | Wellington Management Company |
| Synthego Pharmaceutical Products | 17 Feb 2022 | $200M | not disclosed | Perceptive Advisors |
| General Retail & Merchandise | 17 Feb 2022 | $45M | $1.70B | Abu Dhabi Investment Authority |
| Groceries Delivery | 17 Mar 2022 | $768M | $11.80B | Mubadala |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Flexport raise in its Series E round?
Flexport raised $935M in its Series E round, announced in Feb 2022.
Who led Flexport's Series E round?
Andreessen Horowitz and BDT & MSD Partners led it, with SoftBank Vision Fund, Shopify, DST Global, Founders Fund and kwokchain.
What was Flexport's valuation at the Series E round?
$8.00B post-money ($7.07B pre-money).