Flexport CEO Ryan Petersen says the startup generated revenue of $2.1B in 2024, up from $1.6B in 2023, but missed its target to be profitable by the end of 2024
Founder and CEO of digital forwarder, Ryan Petersen, says company will hit goal in 2025, paving way for potential public offering
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report FreightWaves : Flexport raises $260M from Shopify Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite ...
Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash
Maria Heeter / The Information :
Loop, a logistics payments startup that matches shipping invoices to pricing, raised $30M across a seed and a Series A from Founders Fund, Flexport, and others
Jack Daleo / FreightWaves :
Profile of freight logistics startup Flexport, which raised $900M+ co-led by a16z and MSD Partners at an $8B valuation in January
Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation. But industry rivals say the 41-year-old near-billionaire and his startup are all show.
Freight logistics startup Flexport raises a $1B round led by SoftBank's Vision Fund, source says at a valuation of $3.2B
His startup operates its own 747 aircraft and employs 1,066 people across 11 offices and four warehouses around the world. He's tackling a market he calls …
Freight logistics startup Flexport raises $110M Series C led by DST Global, plans to offer freight financing, buy more warehouses
Josh Constine / TechCrunch :