Flexport, a global logistics provider offering air, ocean, rail and truck freight forwarding services, has secured a $100 million in funding from SF Express, the leading courier company in China.
The funding will allow Flexport to expand its service operations in China, and across the globe.
Flexport has announced that it plans to increase its investment in technology to boost the user experience and empower supply chain managers with data-driven decisions.
Flexport's CEO and founder Ryan Petersen said: “Our mission is to make global trade easy for everyone.
“The investment by SF Express, one of the world's top couriers, will let us create more value for businesses shipping freight internationally.”
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In the past year, Flexport shipping $3.8 billion worth of merchandise between 97 countries for global companies — including Warby Parker, Peloton and Georgia Pacific.
Flexport investor and founder of Y Combinator, Paul Graham commented: “Flexport is one of those companies that will not merely satisfy its market but grow it.
“There will be more international trade because of Flexport, and international trade is a very big thing for there to be more of.”