flexport investor presentation

View contacts for Flexport to access new leads and connect with decision-makers. Covering venture capital, cloud and startups. If a vendor has poor performance or a disaster, this will affect Flexports ability to deliver on its promises to its own clients. They utilize Flexports proprietary modern technology system to help them route supplies to wherever they are most needed in the world. Gruzobzor offers a cloud-based service targeted at the transportation industry to enable carriers, shippers and freight forwarders to share electronic documents and communicate in real-time, therefore increasing efficiency when transporting goods B2B. Their latest funding was raised on Oct 20, 2022 from a Debt Financing round. With logistics partners in more than 80 countries, companies of any size can transport goods to and from more places with greater ease and agility. It offers shipping, logistics, and carrier solutions for consumer goods, food and beverages, retail, manufacturing, life sciences, and other industries. The company was founded in 2015 and is based in Boston, Massachusetts. Add in a prolific angel investment portfolio and part ownership of a profitable side business, and hes closer to $750 million, knocking on the door of billionaire status. For more information on risks and conflicts of interest, see these disclosures. The Vice President of Global Ocean at Flexport, Nerijus Poskus, was quoted in May 2021 by FreightWaves.com as saying the volume of global freight business is at 1.5 pre-pandemic levels. I never want to sell the business. One of the benefits of an IPO; however, is a large infusion of capital that can fund expansion of services, infrastructure or both. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Seeing really is achieving. Our industry thinks Im a clown, which I dont mind, he says. See JSIs FINRA BrokerCheck and Form CRS for further information. Investors need to know that all ventures have risks if they decide to go public shortly. Correction: This story has been updated to reflect the correct percentage of third-party logistics compared to U.S. gross domestic product, and to clarify a Flexport customer. (If Forbes valued Petersens stake using the price of Flexport shares on the secondary markets, hed already be there, worth just over $1.1 billion.). Customer Relationship Summary. He outlined some quick fixes, including stacking containers higher and building a new railhead. Forget Meta's Sleek Virtual Reality. No minimum hold periods. Flexport raised $935 million led by venture capital firms Andreessen Horowitz and MSD Partners earlier this year at a valuation of $8 billion. 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). Flexport.org is a social good and sustainability initiative that partners with nonprofits shipping goods to areas of need, companies with excess goods to donate and companies that are looking for innovative ways to reduce carbon emissions. When the virus reached Flexports backyard, it scrounged up tens of thousands more to reroute to local hospitals. You can read more about your. Flexport is funded by 90 investors. What you need to know about a 2021 Flexport IPO, Open to the Public Investing, Inc. This story appears in the February/March 2022 issue of Forbes Magazine. Onboard suppliers. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Flexport's 2018 revenue was $441M - $471M. Flexport. The hiring spree, spearheaded by Dave Clark who joined Flexport in September after two decades at Amazon.com, comes at a time when many big tech companies and venture capital-backed startups are either freezing hiring or laying off employees amid economic uncertainty. The company is a global freight forwarder and modern logistics platform whose goal is to fix and improve user experience in global trade. Orkestra Supply Chain Solutions (SCS) is a logistics and technology company that removes complexity through an intelligent platform and experienced people. Get help and support from our award-winning team. Six years ago, they were mostly right. Flexport Skip to content Flexport, a provider of technology-forward freight services, has raised . Explore 9,000+ stocks with company-specific analysis. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Flexport acquired 1 company. He said, When it went from a Tweet to a tariff, as policy is implemented these days, we were able to engage with our clients within hours. In addition, 2021 was the company's first positive year in earnings before interest and taxes (EBIT). With tools to help optimize your modal mix and visibility down to the SKU, you can count on more predictable logistics. Petersen explained, "The earliest customers for Flexport we got via Google Adwords, SCO, and sign-ups. In 2013, when the company was founded, the freight industry largely functioned still via paper and faxes. 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. The damage control worked. But industry rivals say the 41-year-old near-billionaire and his startup are all show. Developer of a freight forwarding platform designed to provide visibility and control over the entire supply chain. All Rights Reserved. So when Thiel announced his public support for Donald Trump, who was championing big new China tariffs during his presidential campaign, Petersen committed a startup sin. Last year, the San Franciscobased firm generated its first profit, posting net income of $37 million. Apr. This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. 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. Flexport is currently testing a new freemium service it will launch this year, one that provides free visibility, carbon tracking and messaging to users even if they dont run freight with Flexport. Their latest acquisition was Crux Systems on October 10, 2019. His father was a government economist, using 1970s-era computers to crunch numbers on Soviet defense spending and running a coding business on the side. Higher yield than a high-yield savings account. In 2018, China represented 75.2% of U.S. seaborne imports linked to Flexport, while in 2019 that had fallen to 62.8% before declining to 47.8% in the first quarter. Petersen calls it his biggest mistake as a CEO so far. The platform provides access to delivery tracking, automates customer processes, and estimated- time of arrival (ETA) accuracy with the help of its proprietary machine learning algorithm. Petersen suddenly needed to deliver Silicon Valleystyle hypergrowth. This story appears in the February/March 2022 issue of Forbes Magazine. It primarily caters to the automotive, building materials, consumer goods, food and beverage, manufacturing, oil, gas, and chemicals, and retail industries. Soon a team of 25 staff in China was sourcing PPE for Flexports relief efforts full-time. That year, any teams request for headcount, they got whatever they asked, Petersen says. Flexport revenue is $471.0M annually. For a price, Flexport will even offset their carbon footprint. Any container ship on the West Coast, I guarantee we are on there.. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. If they do end up exploring an IPO in the near future, investors should know all investments have risks. Average folks who never gave a thought to the global supply chain are paying attention now. Freight forwarding means all of the coordination of shipping, packaging, loading and hand-offs to make it so that containers of goods in one location, get to another location via trucks, boats and planes even to retailers on the other side of the world. We do not endorse any third parties referenced within the article. Now, they extend the same visibility to their own customers. Duis aute irure do, prehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Its team of logistics experts lets focus on core business by ensuring goods arrive at fulfillment/distribution centers on time and at the lowest cost. Forbes estimates Petersens 9% stake in Flexport is worth $650 million, after our standard 10% private-company discount. Petersen was accepted into YCs 2014 batch as one of the last founders under Grahams direct mentorship. For Flexport, it all means business is booming. Flexport Trade Advisors can supercharge your strategies. The starting goal of Flexport was to fix the user experience in global trade. In January 2019, Petersen sat down to close a deal with Masayoshi Son; 45 minutes later, he walked away with a $1 billion commitment. Incumbents still relied heavily on sending faxes or PDFs back and forth, or freight email forwarding. Within a few months, Flexport had stitched together a working cloud-based version of its software. Updated data for US Treasury yield curve. No surprise, then, that powerful investors keep piling in. Bootstrapped and profitable within a couple years, ImportGenius.com still generates millions in cash to this day. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. Learn more. Diversity Spotlight (US Headquarters Only), Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Total number of diversity investments made by an investor. It helped set up a private rail ramp in Iowa for goods coming from the West Coast to avoid Chicago congestion. As technology finds its way into the industry, however, it is beginning to play a transformative role. But it was also a warning: Disruption to trade with China could devastate Flexports core business. Flexport's valuation in February 2022 was $7,065 - $8,000M. Where? Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Flexport navigated the global pandemic well and is poised to benefit from the current industry demands for freight forwarding and future predicted trends towards increases. Crews from Axios on HBO and 60 Minutes asked him to guide them on their own harbor tours. Sign up for free newsletters and get more CNBC delivered to your inbox. In fact, in April 2020, CEO Petersen was quoted in a TechCrunch article as saying, Im just having fun. Take care of your company, so you can take care of your customers, even in times of rapid change. Ryan preferred studying abroad in Spain and volunteering in El Salvador. Flexport raises $935 million to boost resilience and visibility in global supply chains. They have adapted and grown through the pandemic. The company is headquartered in San Francisco, California, [4] has thousands of employees and has annual revenues of more than $3.3 billion. The cuts were also ineffective, crushing employee morale for minimal savings. October 2019 acquired Crux Systems for an undisclosed amount. 41 in 2021). They started with an undisclosed amount of funding in a seed round from Initialized Capital. Maybe The Metaverse Is Fun, Friendly, 8-Bit -- And Already Here, Biden's First Year: An Economic Scorecard. Seed, Series A, Private Equity), Alternate or previous names for the organization, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, General contact email for the organization, Total number of sub-organizations that belongs to a parent Organization, Edit Lists Featuring This Company Section. Organization Name . We have a chip on our shoulders. Far from it. Ready for some unsettling news? It hasnt stalled; but they were affected by the global pandemic in the sense that their business was affected by shortages of consumer goods and increased demand for shipping. By 2018, Flexport added additional vertical integrations by adding freight financing, chartering its own planes, and operating its own warehouses. Flexport states they have a market advantage in terms of their capacity to manage and understand the data, in allocation management, and their prediction and booking ability.

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