Flexport, a platform for global logistics, has closed a USD935 million Series E investment round led by Andreessen Horowitz and MSD Partners with a strategic investment from Shopify.
Existing partners DST Global, Founders Fund, SoftBank Vision Fund 1, and other investors including Kevin Kwok also participated. The investment brings Flexport’s post-money valuation to over USD8 billion.
Flexport will use the capital to accelerate development of its technology platform for global logistics, ad will allow the company to continue to expand into new geographies and markets, and further the logistics tech ecosystem by investing in and partnering with new companies in the space.
Read more: Private Equity Wire
