Funding round
Flock Freight Series B
Flock Freight, which works in freight shipping brokerage services in Encinitas, raised $50M in a Series B round announced on 25 Feb 2020, led by SignalFire and GLP Capital Partners. 2 firms took part. It is Flock Freight's third venture round on record; the one before was a Series A in Oct 2017.
$50M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Flock Freight did not disclose a valuation in this round. It came 28 months after Flock Freight's Series A. It is 11% of the $459M Flock Freight has raised in the venture rounds on record. Flock Freight raised again 10 months later: a Series C round of $114M in Dec 2020, at $500M post-money.
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 1 Oct 2017, led by GV $18M
- Series B this round 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
SignalFire and GLP Capital Partners led the round.
Lead investors
- backs 121 venture-backed companies new investor
- GLP Capital Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series B rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $12M, and this round was 4.1 times the median. The closest in time, other companies' Series B rounds in Trucking and Logistics:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 4 May 2020 | $13M | not disclosed | BEENEXT |
| Trucking and Logistics | 1 Oct 2019 | $8.5M | not disclosed | UTC Investment Co. |
| Trucking and Logistics | 8 Jul 2020 | $23M | not disclosed | Cambridge Capital |
| Trucking and Logistics | 2 Jul 2020 | $11M | not disclosed | Trinity Private Equity Group |
| Trucking and Logistics | 10 Sep 2020 | $100M | not disclosed | SoftBank Ventures Asia |
| Trucking and Logistics | 2 Apr 2019 | $5.8M | not disclosed | FirstFloor Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Flock Freight raise in its Series B round?
Flock Freight raised $50M in its Series B round, announced in Feb 2020.
Who led Flock Freight's Series B round?
SignalFire and GLP Capital Partners led it.
What was Flock Freight's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Trucking and Logistics?
6 Series B rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $12M, and this round was 4.1 times the median.
Did Flock Freight raise again after this round?
Yes: a Series C round in Dec 2020 of $114M at $500M post-money.