Flexport Stock

flexport.comIndustrial / LogisticsFounded: 2013

Flexport is a provider of global trade solutions and developer of a platform that clients use to move freight, clear customs, and make smarter decisions about their supply chain - all powered by a unique combination of technology, logistics infrastructure and expertise. 208 hours are saved on average every year by customers when they use Flexport over other freight forwarders, and 300K+ tonnes of greenhouse gases are offset, helping customers assess and mitigate their environmental impact.

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Team

Management Team

Ryan Petersen
Co-Founder & Chief Executive Officer
Stuart Leung
Chief Financial Officer
Sanne Manders
President of Flexport Ocean and Air
Neel Jones Shah
EVP, Global Key Accounts & Chief Customer Officer

Board Members

Rahul Mehta
DST Global
Amin Mirzadegan
Founders Fund

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Is Flexport a public company?

No, Flexport is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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Flexport is a privately held company and therefore does not have a public stock price. However, you may access Flexport’s private market stock price with Forge Data.
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Flexport does not have an official ticker symbol because this company is not currently publicly traded.
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Supply-chain logistics platform developer Flexport, which is privately owned, is turning to Shopify to provide fresh capital. Shopify is the e-commerce company that powers online shopping experiences for apparel and footwear brands, and the company is investing $260 million with a $40 million cash injection into Flexport. Shopify participated in a $935 million Series E investment round for Flexport in February 2022, and Flexport launched a supply-chain tracking app on Shopify in February 2023.
Flexport has reached a deal to buy the technology of shuttered trucking startup Convoy, as Flexport doubles down on its U.S. trucking ambitions even as it grapples with its own business slump. Convoy, once valued at $3.8 billion, shut down in October after failing to find a buyer or raise fresh capital. Convoy CEO Dan Lewis will join Flexport as part of the acquisition, a person familiar with the matter said, though his new role couldn’t be immediately learned.
The effort to rebuild Flexport’s finances will likely push back talk of an initial public offering, although Petersen said that is still the goal for the business that has drawn $2.3 billion in investment over its 10 years from groups including big Silicon Valley venture funds.
Flexport plans to build a truck brokerage operation to move goods more efficiently within North America, as the freight forwarder looks to build on its acquisition of Shopify’s logistics assets by extending its business into a factory-to-door distribution service.
Updated on: Jul 26, 2024

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