Flexport was founded in March 2013 by Ryan Petersen. The company has not officially endorsed a plan to participate in an IPO.
Flexport is a freight forwarder and licensed customs brokerage looking to add a layer of software to increase visibility and efficiency to the global trade system. In a 2016 interview with Trade Finance Global, CEO Ryan Peterson described freight forwarders as responsible for coordinating the complexity required to move freight across a diverse network of logistics asset owners. The company has raised approximately $1.35 billion in Venture Capital funding from investors including SoftBank, MicroVentures, Reshape Holdings, G Squared, Wells Fargo Strategic Capital, 8VC, FJ Labs, Founders Fund, DST Global, GV, SV Angel, and Y Combinator. Per company press releases, Flexport last raised $1 billion in February 2019 at a post-money valuation over $3 billion.