flexport investor presentation flexport investor presentation

Flexport is the end-to-end platform for global trade, Dodge Shipping Delays as Much As Possible, Balance Speed and Cost with Your Modal Mix, FlexU: Learn About Supply Chain & Logistics, A Fresh Approach to Clear High Value Goods, Manage Inventory End to End with Flexport, Customs Broker RFP Process: Dos and Don'ts, Go Carbon Neutral in the Flexport Platform. Flexport must deal with more than 43 separate trade regulations in the United States alone. (The company doesnt expect to stay in the black as it invests in growth.) Ryan preferred studying abroad in Spain and volunteering in El Salvador. Get the full list, To view Flexports complete patent history, request access, Youre viewing 5 of 43 executive team members. Nominations are officially closed. You can read more about your. Copyright 2023 Public Holdings, Inc. All Rights Reserved. Nowports competitors are Nuvocargo, Moova, DSV, and Flexport. Order Management delivers orders to suppliers, who book shipments across a global logistics networkright in the Flexport Platform. They have raised a total of $1.3 billion from many investors including Softbank, Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Expresslead. Kevin Kwok has had 1 past job as the Summer Venture Analyst at IA Ventures. It offers cellular trackers and a cloud-based software platform that enables real-time visibility into user shipment's location and shape. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (Public) or any of its subsidiaries. : Where does your team feel a sense of belonging and inclusivity? Third-party logistics, of which freight forwarding is a big part, amounts to nearly $1 trillion. Petersen had launched the project of which hes proudest, the nonprofit arm Flexport.org, back in 2017 to provide discounted freight to nongovernmental organizations and help nonprofits ship donated inventory. Flexport has 29 investors. Plus Flexport's in-house experts across transportation, customs, cargo insurance, and working capital deliver an all-in-one solution for large global brands and small businesses alike. Flexport is a digital-first freight forwarder and customs broker, backed by Founders' Fund and Softbank, with about 0.3% market share in the global market for freight forwarders. Sons $10 billion investment was on life support. Nov 2 (Reuters) - Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers to double its technical team by next year, a top company executive told Reuters. For more information on risks and conflicts of interest, see these disclosures. Privately held Flexport is one of the most valuable logistics startups after raising more than $2 billion in funding. Flexport's latest post-money valuation is from February 2022. Which types of acquisition does this organization make most frequently. The company has received many awards. He created his own list of six questions to help him stay on track: Two other guiding characteristics are discipline and accountability. According to the WTO, over 80% of global trade utilizes freight financing so this was an important addition for the company. Flexport has 750 employees, and the revenue per employee ratio is $628,000. Take care of your company, so you can take care of your customers, even in times of rapid change. 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. Automate orders. Americans spent 20% more on goods last fall than in February 2020. Ultimately Flexport sued WGA and ended the contract. When? 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. This content is not investment advice. Copyright 2023 CB Information Services, Inc. All rights reserved. But as Flexports revenue doubled past $200 million, then $400 million, and Petersen kept spending to launch offices in ports from Hamburg to Shenzhen, he caught the eye of the worlds leading expert on brute-forcing ones way to dominant market share: SoftBank. It works with at least 20 more across the globe. Prior to founding Flexport, Schneberg had transportation and logistics experience and was the Founder and leader of the Next Generation Think Tank. Petersen grew up surrounded by entrepreneurs in Bethesda, Maryland, just inside D.C.s Capital Beltway. Ergobaby stays in control, while operations keep improving. Sign upfor our weekly, original newsletter that goes beyond the annual Disruptor 50 list, offering a closer look at list-making companies and their innovative founders. Its not one of those things where you have a product or you dont, says Founders Funds Trae Stephens. U.S. Treasuries ("T-Bill") investing services on the Public Platform are offered by Jiko Securities, Inc. (JSI), a registered broker-dealer and member of FINRA & SIPC. The founders of Flexport are Ryan Petersen and Susanne Schneberg. The Series E round was led by Andreessen Horowitz and MSD Partners, with participation from Shopify and existing investors Softbank, DST Global and Founders Fund. Early on, the unit shipped 350,000 masks from the U.S. to Wuhan. All Rights Reserved. Petersen calls it his biggest mistake as a CEO so far. The Flexport Platform is your supply chain source of truth. Get the full list, Youre viewing 5 of 66 investments and acquisitions. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. He outlined some quick fixes, including stacking containers higher and building a new railhead. That means faster arrivals and lower landed costs. Cryptocurrencies are not securities and are not FDIC or SIPC insured. When a ship ran aground in the Suez Canal last March, Petersen demystified the situation on social media and in interviews, even publishing a supply chain explainer picture book for kids. They utilize Flexports proprietary modern technology system to help them route supplies to wherever they are most needed in the world. Alternative assets, as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (Regulation A). Tive provides real-time supply chain visibility insights to help logistics professionals manage their in-transit shipments' locations and conditions. CNBC's 11th annual Disruptor 50 list will be revealed on-air and online this May. Petersen suddenly needed to deliver Silicon Valleystyle hypergrowth. 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. This week, we're checking in with Flexport CEO Ryan Petersen about shipping's meme moment in the Suez, looking into a new venture fund in Oklahoma, mapping ServiceTitan's valuation journey, and diving into food allergies getting investor dollars. Win whats next. Updated data for US Treasury yield curve. They havent officially begun the IPO process. Flexport is funded by 90 investors. In January 2019, Petersen sat down to close a deal with Masayoshi Son; 45 minutes later, he walked away with a $1 billion commitment. The San Francisco-based company,ranked No. Flexport International, LLC considers itself 'the OS of global trade'. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the "Treasury Account"). Within three years, Flexport had over 700 clients across 64 countries. Employees: Flexport aims to create a win-win situation for employees. 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. 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. As a private company, many financial details are private; however the company states they are profitable. The basis of this belief is that if you dont prioritize your customers, your business will not be sustainable. US Import Gain Means Flexport Sees No Recession for Some Months, Flexport founder Ryan Petersen reveals his secret for startup recruiting, Tech Moves: Former Expedia leader joins Peerspace; Flexport adds another Amazon exec, Supply Chain Management Companies With More Than $10M in Revenue. No surprise, then, that powerful investors keep piling in. These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. site you are consenting to these choices. Petersens bolder proposals, such as the creation of a government-sponsored railhead depot, remain untouched. Insure all of your cargo or cover it by the shipment. Executive Offices 100 First Stamford Place Stamford, Connecticut 06902 (203) 363-7300 They have adapted and grown through the pandemic. JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 par value (the T-bills value at maturity). When theres a lot of overcapacity, its not an issue. The company was founded in 2015 and is based in Boston, Massachusetts. Flexport, a provider of technology-forward freight services, has raised . Venture Capital-Backed Primary Industry Business/Productivity Software Other Industries Logistics Primary Office 760 Market Street 8th Floor San Francisco, CA 94102 United States +1 (415) 000-0000 Flexport Timeline 2020 2021 2022 2023 Financing Round Captured Employee Count Estimated Employee Growth Want detailed data on 3M+ companies? Every crisis needs a hero, and Ryan Petersen positioned himself as the face of this. Petersen explained, "The earliest customers for Flexport we got via Google Adwords, SCO, and sign-ups. It is a licensed customs brokerage and freight forwarder built around a modern web application. At Georgia-Pacific, replacing thousands of email updates and attachments with a single view led to 100% on-time customs filings. Companies of all sizesfrom emerging. With a seemingly massive market opportunity and an obvious passion for what seemed a sleepy category, Flexport quickly raised $4 million from a gaggle of name-brand firms. The following slide deck was published by Tango Therapeutics, Inc. in conjunction with this . Its death by 1,000 cuts.. Flexport International, LLC considers itself the OS of global trade. Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. Forget Meta's Sleek Virtual Reality. 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. 41 in 2021). Customer Relationship Summary. No 21-year-old in college is lying awake at night saying, I need to build the next Flexport.. Empowering companies to connect with their retail investors. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more. Pretty much any Asia-bound ship will have at least a container or two filled with California almonds or auto parts put there by Flexports software. Flexport: Digital Freight Forwarder & Customs Broker Flexport moves freight globally by air, ocean, rail, and truck for the world's leading brands. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Hed rather be seen as shippings Mr. Fix-It. Any container ship on the West Coast, I guarantee we are on there.. Flexport's deal structure is available for 6 funding rounds, including their Series E - II from February 07, 2022. An Oracle survey of 1,000 U.S. adults found that 87% reported being negatively affected by shipping struggles; half said theyd canceled an order in recent months. August 2018 acquired Fieldbook for $1.5 million. 2023 PitchBook. Visibility is a solution to a problem that shouldnt exist, says Adam Banks, the former chief technology and information officer for Maersk, the worlds second-largest ocean carrier, with $40 billion in annual revenue. Flexport's latest funding round was a Line of Credit for $200M on October 20, 2022. According to Crunchbase, Flexport has raised a total of $1.3 billion in 4 rounds of funding. Flexport is raising $935 million in a series E round. So he flew down to Los Angeles to see for himself. Build and diversify your portfolio with all the major crypto. It is assuming $122 billion in . With tools to help optimize your modal mix and visibility down to the SKU, you can count on more predictable logistics. Browse our latest articles and investing resources. Nor have they officially released any statement indicating they are exploring one. Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation. The company was founded in 2013 by Ryan Petersen and is based in San Francisco, California. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Flexport raises $935 million to boost resilience and visibility in global supply chains. : What metrics do you use to measure success and maintain focus? Title At Company . Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. In 2013, when the company was founded, the freight industry largely functioned still via paper and faxes. Lots of people would rather work with project44s Switzerland rather than a brash competitor like Flexport, CEO Jett McCandless argues.