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Following the Money: Where is Flexport Investing?

Flexport says it wants to make global trade easy for everyone, and fueling the growth of other tech start-ups has become a part of that playbook.

The company, with an $8 billion valuation that CB Insights said made it the eighth largest supply chain tech unicorn in the first half, sells a digital platform companies can use to track their shipments, manage orders, clear Customs and monitor their carbon footprint. A look at Flexport’s corporate investment arm, Flexport Ventures, and its founder and CEO Ryan Petersen’s investment activities clearly indicate the company doesn’t see itself as the sole solution to shippers’ supply chain challenges.

“Flexport Ventures’ thesis is that the world’s supply chain infrastructure needs to be rebuilt for the digital age,” the company said in a job posting, which went on to say “Flexport has been a steward” of the digital charge and “is creating an ecosystem for other great companies to build on top of.”

In other words, if Flexport, which capped last year with revenue of $3.3 billion, doesn’t offer it, the company sees a strategic advantage in being an investor in companies that do. To that end, Flexport Ventures ended the first quarter as the third most active investor in the world, CB Insights data revealed.

What follows is a look at the investments attached to the company or its executives since the start of the year.

 

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Amplemarket

Round: $12M, Series A

Date: April 2022

Investors: Comcast Ventures, Armilar Venture Partners, Flexport, Caixa Capital and angel investors

What: Artificial intelligence-backed selling platform

 

Ninja Delivery

Round: $2.8M, Seed

Date: March 30, 2022

Investors: Lachy Groom, Contrary Capital and Flexport

What: Online-based, 10-minute grocery delivery service

 

Airhouse

Round: $11M, Series A

Date: March 29, 2022

Investors: DNX Ventures, Elizabeth Street Ventures, Gaingels, James Beshara, RemoteNative Ventures, Trajectory Capital, Flexport, Easypost and angel investors

What: E-commerce operations and logistics platform for direct-to-consumer brands

 

Kargo

Round: $25M, Series A

Date: March 23, 2022

Investors: Sozo Ventures, Founders Fund, Activant Capital, Flexport, Human Capital, Strike Capital, Lineage Ventures

What: Digital platform offering visibility into freight movements, facility operations

 

Powered by People

Round: $1.5M, Seed

Date: March 21, 2022

Investors: Susa Ventures, Golden Ventures, Flexport Ventures, J Ventures and the founders of  DraftKings and Fabric

What: Online marketplace for wholesalers

Powered by People
The Powered by People online marketplace for wholesalers, featuring small batch sellers hailing from 50 countries. Courtesy

 

Freightpay

Round: $2M, Seed

Date: March 10, 2022

Investors: Better Tomorrow Ventures, Defy, Flexport, Socially Financed, BAM Ventures

What: Freight payment automation software

 

Deliverr

Round: $40M, Series C

Date: March 10, 2022

Investors: Activant Capital, 8VC, GLP, Ryan Petersen

What: E-commerce fulfillment

 

Silq

Round: $17.6M, Series A

Date: March 9, 2022

Investors: F-Prime Capital, Flexport Ventures, Eight Roads Ventures India, Surface Ventures and Forum Ventures

What: First mile visibility platform for fashion companies

 

Owner.com

Round: $15M, Series A

Date: March 3, 2022

Investors: Altman Capital, Redpoint Ventures, Day One Ventures, Ryan Petersen and angel investors

What: Digital platform for restaurants to manage online orders

 

Emi Labs

Round: $11M, Series A

Date: Feb. 23, 2022

Investors: Merus Capital, Khosla Ventures, Flexport Ventures, FiDi Ventures, Lorimer Ventures, PrimeSet and Ryan Petersen among other angel investors

What: Artificial intelligence-backed recruiting platform with a focus on positions in retail, light industrial and distribution

 

Secureframe

Round: $56M, Series B

Date: Feb. 23, 2022

Investors: Accomplice Ventures, Kleiner Perkins, Optum Ventures, Gradient Ventures, Soma Capital, Impatient Ventures, Gaingels, Kaiser Permanente, Flexport and angel investors

What: Security and compliance software

 

Coast

Round: $27.5M, Series A

Date: Feb. 17, 2022

Investors: Accel, Insight Partners, Avid Ventures, Better Tomorrow Ventures, Box Group, The Fintech Fund and Flexport

What: Expense management software for vehicle fleet companies

Silq
A view of the Silq platform dashboard. Courtesy

 

Anvyl

Round: $15M+, Series B.

Date: Feb. 15, 2022

Investors: B Capital, AlleyCorp, Company Ventures, First Round Capital, RedPoint Ventures, Buckley Ventures, Flexport and Warby Parker and Harry’s founder Jeff Raider

What: Supply chain management software for sourcing, production and logistics among other activities

 

Amitruck

Round: $4M, Seed

Date: Feb. 1, 2022

Investors: Better Tomorrow Ventures, Dynamo Ventures, Rackhouse Ventures, Flexport, Knuru Capital, Launch Africa Ventures, Uncovered Fund and angel investors

What: Digital marketplace connecting shippers and transport providers

 

Inspectorio

Round: $50M, Series

Date: Jan. 31, 2022

Investors: Insight Partners, Ecolab, Matchstick Ventures, Techstars Ventures and Flexport Ventures

What: AI-backed software to help retailers, brands, suppliers and manufacturers with quality and compliance

 

Parsyl

Round: $25M, Series B

Date: Jan. 27, 2022

Investors: HSCM Ventures, Lineage Ventures, Flexport Ventures, GLP Capital Partners and Luna

What: Refrigerated cargo insurance and risk management software

 

Passport

Round: $39M, Series B

Date: Jan. 25, 2022

Investors: TCV, Flexport, FJ Labs, Pure Imagination, angel investors, M13, Resolute and River Park Ventures

What: International parcel shipping for e-commerce

 

Meight

Round: $1.4M, Seed

Date: Jan. 18, 2022

Investors: Faber Ventures, Grupo Lusiaves SGPS, Superlyst Ventures, European Institute of Innovation and Technology, Dispatch Ventures, Ryan Petersen, Unbabel founders and angel investors

What: AI-backed platform to help trucking companies and drivers manage their fleets and fuel consumption