Tuesday, September 27, 2016

Flexport Finds $65M

San Francisco-based Flexport, which operates a shipping and frieght forwarding service aimed at helping companies to better manage their supply chain, has raised $65M in funding, the company said today. The Series B funding came from Founders Fund, Bloomberg Beta, Felicis Ventures, First Round Capital, Susa Ventures, Yuri Milner, and others along with new investor Joe Lonsdale of 8VC. Flexport said Founders Fund's Trae Stephens joins the company's board with the funding. Flexport's CEO is Ryan Petersen. More information »