Funding round
Flock Freight Series A
Flock Freight, which works in freight shipping brokerage services in Encinitas, raised $18M in a Series A round announced on 1 Oct 2017, led by GV. 6 firms took part. It is Flock Freight's second venture round on record; the one before was a Seed in Jun 2016.
$18M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Flock Freight did not disclose a valuation in this round. It came 16 months after Flock Freight's Seed. It is 3.9% of the $459M Flock Freight has raised in the venture rounds on record. Flock Freight raised again 28 months later: a Series B round of $50M in Feb 2020. Its next priced round, a Series C in Dec 2020, valued it at $500M.
Flock Freight's funding rounds
Flock Freight has 6 venture rounds on record. This one is highlighted.
- Seed 24 Jun 2016, led by SignalFire $2.5M
- Series A this round 1 Oct 2017, led by GV $18M
- Series B 25 Feb 2020, led by SignalFire and GLP Capital Partners $50M
- Series C 1 Dec 2020, led by SoftBank Vision Fund and Softbank $114M$500M post-money
- Series D 20 Oct 2021, led by SoftBank Vision Fund $215M$1.00B post-money
- Series E 14 May 2025, led by O'Neil Strategic Capital $60M
Investors
Who put money in
GV led the round with 5 other firms.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- Foundation Capital backs 144 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- backs 21 venture-backed companies new investor
- backs 121 venture-backed companies new investor
- backs 42 venture-backed companies new investor
Comparable rounds
How it compares
8 Series A rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $4.5M, and this round was 4.0 times the median. The closest in time, other companies' Series A rounds in Trucking and Logistics:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 21 Nov 2017 | $1.6M | not disclosed | AddVentures |
| Trucking and Logistics | 13 Mar 2018 | $20M | not disclosed | Singtel Innov8 |
| Trucking and Logistics | 10 Apr 2018 | $5.0M | not disclosed | Stellaris Venture Partners |
| Trucking and Logistics | 24 Jan 2017 | $4.0M | not disclosed | GMO VenturePartners and NB Ventures |
| Trucking and Logistics | 28 Aug 2018 | $5.0M | not disclosed | Comcast Ventures |
| Trucking and Logistics | 14 Sep 2018 | $1.8M | not disclosed | Ethos Partners |
| Trucking and Logistics | 19 Sep 2018 | $1.7M | not disclosed | not named |
| Trucking and Logistics | 9 Oct 2018 | $22M | not disclosed | Maersk Growth and Connor Capital SB |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Flock Freight raise in its Series A round?
Flock Freight raised $18M in its Series A round, announced in Oct 2017.
Who led Flock Freight's Series A round?
GV led it, with Foundation Capital, GV, Schematic Ventures, SignalFire and TenOneTen Ventures.
What was Flock Freight's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Trucking and Logistics?
8 Series A rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $4.5M, and this round was 4.0 times the median.
Did Flock Freight raise again after this round?
Yes: a Series B round in Feb 2020 of $50M.