Funding round
Flock Freight Series D
Flock Freight, which works in freight shipping brokerage services in Encinitas, raised $215M in a Series D round announced on 20 Oct 2021, led by SoftBank Vision Fund, at a $1.00B post-money valuation. 6 firms took part. It is Flock Freight's fifth venture round on record; the one before was a Series C in Dec 2020.
$215M
Amount raised
$1.00B
Post-money valuation
$785M pre-money
6
Investors
1 lead
2.0x
Step-up from the Series C
$500M in Dec 2020
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flock Freight at $1.00B after the new money, 2.0 times the $500M of its Series C (Dec 2020). The $215M bought investors about 22% of the company. It came 10 months after Flock Freight's Series C. It is 47% of the $459M Flock Freight has raised in the venture rounds on record. Flock Freight raised again 43 months later: a Series E round of $60M in May 2025.
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 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 this round 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
SoftBank Vision Fund led the round with 5 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- backs 46 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- backs 121 venture-backed companies new investor
- GLP Capital Partners new investor
- GV backs 428 venture-backed companies 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
5 Series D rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $150M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Trucking and Logistics:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 1 Jul 2021 | $150M | $1.00B | CITIC Capital |
| Trucking and Logistics | 1 Jan 2022 | $70M | not disclosed | not named |
| Trucking and Logistics | 1 Feb 2022 | $200M | $1.30B | SoftBank Latin America Fund |
| Trucking and Logistics | 1 Jun 2021 | $80M | $1.00B | Baillie Gifford |
| Trucking and Logistics | 28 Apr 2021 | $300M | not disclosed | ATL Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Flock Freight raise in its Series D round?
Flock Freight raised $215M in its Series D round, announced in Oct 2021.
Who led Flock Freight's Series D round?
SoftBank Vision Fund led it, with Susquehanna Growth Equity, Eden Global Partners, SignalFire, GLP Capital Partners and GV.
What was Flock Freight's valuation at the Series D round?
$1.00B post-money ($785M pre-money).
How does it compare with other Series D rounds in Trucking and Logistics?
5 Series D rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $150M, and this round was 1.4 times the median.
Did Flock Freight raise again after this round?
Yes: a Series E round in May 2025 of $60M.