Detail Market Research Report on Global Digital Freight Forwarder Market with Industry Growth Analysis, Size, Trends and Forecast by 2026. Cons It expects revenue of $500 million in 2017. In 2019, Flexport was named to the 2019 CNBC Disruptor 50, CNBC's annual list of private companies that are transforming the economy, and Inc.'s Best Workplaces. Find related and similar companies as well as employees by title and much more. trends 2019 Part of PwC’s 22nd Annual Global CEO Survey trends series ... a startup called Flexport has set up a cloud-based platform that analyses real-time global trade data and activities ... organisation’s revenue growth over the next 12 months is at a five-year low, 104-290, 110 Stat. According to Flexport, its 2018 revenue hit $441 million, doubling its 2017 revenues. View Flexport (www.flexport.com) location in California, United States , revenue, industry and description. Flexport, a San Francisco-based freight logistics startup, is laying off employees, or 3 percent of its global workforce. Ryan Petersen, Flexport’s CEO and founder, wrote in a blog yesterday that in 2018 Flexport doubled its top-line revenue to nearly $500 million, upped its headcount to nearly 1,000 employees, and broadened its geographic footprint to 11 offices and warehouses globally. Successful founders channel tenacity and ambition into the pursuit of a vision that can have outsize impact. According to Crunchbase, Flexport has raised over $1.3 billion in six rounds of funding. Flexport is the Modern Freight Forwarder. Flexport Annual Revenue and Growth Rate. Help Flexport grow revenueThe opportunity: . Flexport's latest funding round in February 2019 was reported to be $1.1 b. Six-year-old Flexport generated $441 million in revenue in 2018 and has 1,600 employees and six warehouses in the U.S. and Asia, according to figures provided by the company, but has yet to turn a … Our FRD publication on ASC 606, Revenue from Contracts with Customers, has been updated to (1) expand our discussion of the variable consideration allocation exception and add two illustrations and (2) add discussion of a recent technical correction to the Codification. ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Flexport's revenues are gauged from an analysis of … 2019-05-01 Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Convoy, founded by former Amazon executives, has raced to … CEO Ryan Petersen tells JOC.com Flexport will use the new funding to build out its physical infrastructure and scale up its engineering team, not for mergers and acquisitions. You have huge capex, and comoditized product with margins on the each step of value chain being razor thin at best. Last year was a good one for the startup. Started in 2013, we've raised over $1.3BN from investors that include the Softbank, Founders Fund, Google Ventures, First Round Capital, Bloomberg Beta, Y Combinator, & Wells Fargo. Uncover why Flexport is the best company for you. Flexport has $225 million in revenue annually, and competes with iContainers, Freightos, and FreightHub, according to company insights provider Owler. The potential return on investment is more than 100%. Flexport Funding, Valuation & Revenue. L. No. This pushed Flexport’s valuation to $3.2 billion. Flexport Operating Metrics. Flexport is turning this "ancient" industry on its head. Freight forwarding service often used by companies that deal in international or multi-national import and export. In its latest Series D round (February 2019), the company was able to raise $1 billion. In August 2018 Flexport was named the 8th fastest growing company in USA with a three year growth of 15911%. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. [9] In 2019, Flexport was named to the 2019 CNBC Disruptor 50, [10] CNBC 's annual list of private companies that are transforming the economy, and Inc.'s Best Workplaces. In August 2018 Flexport was named the 8th fastest growing company in USA with a three year growth of 15911%. Developer of a freight forwarding platform designed to provide visibility and control over the entire supply chain. Compare pay for popular roles and read about the team’s work-life balance. * This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. Growth At Flexport. In total, Flexport has raised $1.4 b. Flexport's latest valuation is reported to be $3.2 b. I have been working at Flexport full-time for more than 3 years. It’s called global trade. The subscription styling service lowered its revenue forecast for the current quarter and fiscal year. ... Chief Technology Officer at Flexport, Startup Founder (2 exits), Angel Investor ... Chief Revenue Officer at Flexport | At Flexport, we believe a world that does business together is a better one. ... but overall expects the balance of 2019 to be soft. 12.1.4 Flexport Revenue in Freight Forwarding Service Provider Services Business (2014-2019)) 12.1.5 Flexport Recent Development 12.2 Agility 12.2.1 Agility Company Details 12.2.2 Company Description and Business Overview 12.2.3 Freight Forwarding Service Provider Services Introduction Flexport Revenue Est. The round itself was led by SoftBank. Jan 2013 - Jun 2019 6 years 6 months. Market valuation: 3.2b: Source: Forbes February 2019; Show all financial metrics. Considering Flexport's projected revenue of $1 billion in 2019, the current market value of the company is $15- $20 billion. Flexport | 65,793 followers on LinkedIn. Find out what works well at Flexport from the people who know best. Having trouble finding one... the name means something for now In the valley... until they become just another toxic joke of a company who once was important. Launched in San Francisco in 2013, Flexport lets customers track their freight a la Fedex. Flexport allowed us to be able to see shipments down to the SKU level and see the landed cost. Chai Hua in Shenzhen | Updated: 2019-08-13 19:55 ... Flexport doubled its revenue to nearly $500 million last year and has expanded to about 10,000 clients and suppliers in 109 countries. Global Digital Freight Forwarder Market Size, Status and Forecast 2020-2026 Flexport’s revenue was up 95%, to $441 million in 2018, Forbes’s Alex Konrad reported. Helpful (34) ... No opinion of CEO. Whether the shipment is going air, ocean, rail, truck, we can see where our shipments are and when they will arrive at their final destination. Flexport is a freight forwarding and customs brokerage company based in South San Francisco, California. It has been a huge help for our team. Flexport helps more than 10,000 clients and suppliers lead all aspects of their supply chain operations. References Pros. As of 2017, Flexport has raised $94 million in venture capital from such investors as Peter Thiel’s Founders Fund , First Round Capital and Google Venture . Summary. Flexport capitalization on the OTC market is $4.5 billion, and the share price is 10.35$. Refer to Appendix A of the publication for a summary of the updates. Flexport's latest funding round in February 2019 was reported to be $1.1 b. Flexport General Information Description. It has increased revenue by 25% every month in the 30 months since Flexport was founded, according to Petersen. July 20, 2019. In total, Flexport has raised $1.4 b. Flexport's latest valuation is reported to be $3.2 b. LinkedIn Top Startups 2019: The 50 hottest U.S. companies to work for no w. The 2019 LinkedIn Top Startups list reveals the 50 hottest companies where Americans want to work now. In 2018, the global Freight Forwarding Service Provider Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. ... than 1,000 employees between July and October of 2019. The U.S. trucking market generates $260 billion in revenue, 20% of a $1.2 trillion global market. Flexport’s $1 billion injection retriggers scale questions Eric Johnson, Senior Technology Editor | Feb 21, 2019 1:30PM EST. View all funding rounds Flexport Revenue. Let me paste my previous comment about flexport with with some points why the valuation and market size estimates do not make sense: There are ~300m seaborne container trips a year at ~$2500 average price in an industry that is not covering its WACC.