flexport investor presentation

No money or other consideration is being solicited and, if sent in response, will not be accepted. $935M: Jobs. An affiliate of Public may be testing the waters and considering making an offering of securities under Tier 2 of Regulation A. It is assuming $122 billion in . In 2018 they were recognized on the following lists: In 2019 they were recognized on the following lists: Flexports guiding principles have been consistently employed from the beginning. The platform arranges goods to be transported and tracks the inventory in real-time in orders carried by the ocean, air, and road freight, enabling logistics companies to optimize transportation routes and inventory management. They utilize Flexports proprietary modern technology system to help them route supplies to wherever they are most needed in the world. The company's platform arranges goods to be transported and subsequently tracks the inventory in real-time in orders carried by ocean, air, and road freight, enabling logistics companies to optimize transportation routes and inventory management. Edit Post-Money Valuation Data by PrivCo Section. Conversely it tooks days before they heard from competitors if at all. Flexport Raises $935 Million to Boost Resilience and Visibility in Flexport has 750 employees, and the revenue per employee ratio is $628,000. Flexport's latest funding round was a Line of Credit for $200M on October 20, 2022. Freight startup Flexport soars from 'unsexy' to $800M valuation Flexport currently has four leading investors: Founders Fund of San Francisco, CA; Softbank Vision Fund of London, England; DST Global of Hong Kong Island, Hong Kong; and SF Express of Jilin, China. Logistics Disruptors: Flexport's Sanne Manders on being customer It sounds like bravado, but for Petersen, 41, its simple math. Flexport Winning $8 Billion Valuation With Tech-Enabled Global Flexport Raises $935 Million in New Funding Round for Tech - WSJ For Flexport, it all means business is booming. Flexport is raising $935 million in a series E round. Flexport IPO: The Latest Updates on Flexport Stock Flexport Trade Advisors can supercharge your strategies. The following slide deck was published by Tango Therapeutics, Inc. in conjunction with this . Petersen also plans to build out a fulfillment product that can identify high-priority goodssay, for direct-to-consumer brandsand ship them faster through a virtual HOV lane., Flexport is the definitive next-gen winner in the space, full stop, says David George, a growth-stage investor who co-led Flexports latest round on behalf of Andreessen Horowitz. 23, 2023 11:47 PM ET Tango Therapeutics, Inc. (TNGX) SA Transcripts. Flexport can utilize that data to determine whether it should invest in building out a new product line, enter a new customer vertical, or even just outright acquire the firm it invests in. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. For businesses facing inventory crunches, it built an app for truckers to tap into and learn where theyll be needed 10 days in advance. Graduating trilingual (English, Spanish and Portuguese) with an economics degree from the University of California, Berkeley, in 2002, Petersen initially pursued a global microlending career without success. But as one of the fastest-growing players in a space called digital freight forwarding, Petersens eight-year-old company is already the worlds seventh-biggest buyer of cargo room on such trans-Pacific routes. If we can fix problems for Flexport, we can fix problems for the wider world, he says. Flexport was founded to modernize and fix the freight industry. Flexport revenue is $471.0M annually. Flexport owns no trains, planes or ships of its own. For years, Petersen had tinkered with another idea, a TurboTax for customs paperwork, but he needed to clear a rigorous background check (smuggling is one concern) to move goods across the U.S. border. Flexport has raised a total of $2.4B in funding over 17 rounds. Which funding types raised the most money? Number of Past Jobs 1. And we think this is the exact great opportunity for us to go out and start hiring and give people an opportunity to do a reset in their career," said Clark. Past performance is no guarantee of future results. Shipping is a huge pond. Flexport hasnt been in any legal or ethical trouble but they did file a lawsuit against Western Global Airlines (WGA) for failing to provide service due to a long string of mechanical failures and delayed aircraft repairs, disrupting Flexports business. Petersen also hasnt been shy about building his public image. Additionally, Petersen wrote a guide for other companies to help resolve some of the bottlenecks in delivering coronavirus supplies and published it for anyones use. Founded in 2013 by Ryan Petersen, Flexport enables buyers, sellers and their logistics partners to ship, store and trade goods on its digital platform. Flexport's valuation in February 2022 was $7,065 - $8,000M. In 2021, the company moved roughly $19 billion in merchandise, and investors like the company's approach. Flexport valuation more than doubles to $8 billion after Andreessen Analysts are unclear as to whether the only path towards continuing its successful growth would be an IPO for Flexport. Former Amazon exec aims to repeat logistics growth at Flexport Open to the Public Investing, Inc. Flexport: 2022 CNBC Disruptor 50 All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Flexport rolled out Platform 2.0, new services in 2019 The, tion ullamco laboris nisi ut aliquip ex ea commodo consequat. Flexport Inc. is an American multinational corporation that focuses on supply chain management and logistics, including order management, trade financing, insurance, freight forwarding and customs brokerage. Fractional shares are illiquid outside of Public and not transferable. According to Crunchbase, Flexport has raised a total of $1.3 billion in 4 rounds of funding. Limit delays, fix exceptions quickly, and calculate landed costs with accuracy. They havent officially begun the IPO process. The chartered planes stopped. What you need to know about a 2021 Flexport IPO, Open to the Public Investing, Inc. Its software platform makes it easy for its clients to engage in trade globally. Flexport Revenue: Annual, Quarterly, and Historic - Zippia AS the ferry to San Francisco exits Oaklands harbor, Flexports founder and CEO, Ryan Petersen, turns to watch a towering 370-foot crane hook shipping containers, one by one, onto the deck of a cargo ship. Data is a real-time snapshot *Data is delayed at least 15 minutes. He comes from an entrepreneurial family; his mother was a biochemist and his father was a computer programmer together they ran a food safety business. Cumbersome, prone to error and lacking transparency for companies trying to include freight forwarding costs in their planning, Flexport sought to modernize and simplify the process. People [were] just finding us on the internet [and] signing up for the service." Finally, to raise funds, Petersen's main philosophy was giving off the impression that Flexport would succeed whether or not the investors decided to . Petersens phone lit up with calls from policymakers like Gavin Newsom. It primarily caters to the automotive, building materials, consumer goods, food and beverage, manufacturing, oil, gas, and chemicals, and retail industries. Thats just the reality of being a new company in such a big, complicated business, says Ben Braverman, a longtime Flexport executive and Petersen confidant. By that point, it was clear to Petersen that while Flexport was growing fast, the logistics market wasnt one where a hard-charging newcomer could sweep the board. Active, Closed, Last funding round type (e.g. Take care of your company, so you can take care of your customers, even in times of rapid change. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (Public Holdings). The platform boosts operational effectiveness, cuts costs, and helps enhance shipping performance. : Where does your team feel a sense of belonging and inclusivity? Sales reached $3.3 billion in 2021, up from $1.3 billion in 2020 and $670 million the year before (Flexport passes about 80% of its revenue directly to its shipping partners). It is a licensed customs brokerage and freight forwarder built around a modern web application. Antidumping duties (ADD) are applied to goods that have been dumped into the U.S. market, sold at prices lower than what would be charged in the exporting countrys home market. Founder and CEO Ryan Petersen started Flexport in 2013 because he figured there had to be a better way to manage the flow of goods that get put on cargo ships, planes, trucks and railroads and transported all over the world. Flexport peak revenue was $471.0M in 2022. How much funding has this organization raised over time? Shipments from Asia ex-China have climbed from 13.7% in 2018 to 27.3% in 2019 and 39.0% in the first quarter. Flexport Skip to content 2023 Forbes Media LLC. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser. For a price, Flexport will even offset their carbon footprint. Executive Offices 100 First Stamford Place Stamford, Connecticut 06902 (203) 363-7300 All Rights Reserved. What customers wanted, Petersen realized, was an online destination that handled customs and their bigger concern: freight forwarding.