Flexport is a freight forwarding and customs brokerage company based in South San Francisco, California.


Business

Flexport is the first international freight forwarder and customs brokerage built around an online dashboard. [2] It has raised $94M to date, including $65M in its latest Series B round. [10]

In April 2015, Paul Graham, the founder of Y Combinator , told Bloomberg News, "There will be more international trade because of Flexport and international trade is a very big thing for there to be more of ". The Economic Times of India said of Flexport, "It's one of the first freight-forwarding outfits to digitize international shipping, making it easy to move goods through customs and around the world." [5]


Flexport's CEO, Ryan Petersen, is a contributor to TechCrunch as well as the founder of Import Genius.

Founding

Flexport was started by Ryan Petersen, a University of California, Berkeley and Columbia Business School graduate [2] in March 2013.

Growth

In May 2015, the company told Chinese media outlet 36kr.com that they were on pace to generate $60M in sales for 2015. [6]

In August 2018, Inc. named Flexport the 8th fastest growing company in the USA with revenue growth of 15,911.00% in three years. In 2018, Flexport had revenues of $441 million. [11]

On February 21, 2019, Flexport announced that they had raised a $1 billion in a round led by SoftBank's Vision Fund, valuing the company at $3.2 billion. [12]