flexport investor presentationflexport investor presentation

flexport investor presentation28 May flexport investor presentation

By continuing to use this site you are consenting to these choices. Flexport is raising $935 million in a series E round. Better Tomorrow Ventures, Endeavor ScaleUp Growth, Fin Capital, Flexport, and Pareto Ventures, Cox Enterprises, Flexport, Fundrise, Kapor Capital, Lincoln Property Company, Overline VC, Pendulum, Playground Global, Wilshire Lane Capital, and XYZ Ventures, Bay Grove Capital, Flash Ventures, Flexport, Foundamental, Jungle Ventures, King River Capital, and Maersk Growth. What? Seed, Series A, Private Equity), Alternate or previous names for the organization, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, General contact email for the organization, Total number of sub-organizations that belongs to a parent Organization, Edit Lists Featuring This Company Section. Flexport winning $8B valuation with tech-enabled global logistics Customer Relationship Summary. The company's platform arranges goods to be transported and subsequently tracks the inventory in real-time in orders carried by ocean, air, and road freight, enabling logistics companies to optimize transportation routes and inventory management. But with the source of that money coming from customers paying through the nose and still facing shipping delays, Petersen wasnt celebrating. Trusted data backs every move. Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade. Its death by 1,000 cuts.. Flexport raises nearly $1 billion, as Shopify, Michael Dell invest - CNBC Seeing really is achieving. See Jiko U.S. Treasuries Risk Disclosures for further details. And when David was accepted into Y Combinator in 2013 for a construction industryfocused startup, Ryan grabbed an air mattress and tagged along. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Flexport Is Silicon Valley's Solution To The Supply Chain - Forbes Supply chain agility can help support core business values, like sustainability. Check the background of this firm on FINRAs BrokerCheck. Copyright 2023 CB Information Services, Inc. All rights reserved. Flexport Stock Price, Funding, Valuation, Revenue & Financial Statements It earns roughly 15 percent of the average $2,000 it costs to move a shipping container around the. Flexport's valuation in February 2022 was $7,065 - $8,000M. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Flexport has a post-money valuation in the range of $1B to $10B as of Feb 7, 2022, according to PrivCo. Petersen also plans to build out a fulfillment product that can identify high-priority goodssay, for direct-to-consumer brandsand ship them faster through a virtual HOV lane., Flexport is the definitive next-gen winner in the space, full stop, says David George, a growth-stage investor who co-led Flexports latest round on behalf of Andreessen Horowitz. 2023 PitchBook. Flexport founder and CEO Ryan Petersen Now the company has over 400 employees in seven offices. It is advised that any businesses importing to or exporting out of the UK be prepared for a no-deal Brexit. With tools to help optimize your modal mix and visibility down to the SKU, you can count on more predictable logistics. Petersen is used to the sniping by now. We want to hear from you. On Deck Partners with Flexport to Invest in the Future of Logistics Which industries has this organization most actively invested in? The Flexport Platform is your supply chain source of truth. inventory management. The company was founded in 2013 by Ryan Petersen and is based in San Francisco, California. Active, Closed, Last funding round type (e.g. Goods from China to the U.S. now take more than a month longer to arrive than they did in 2019, while the cost of shipping a container has soared from under $2,000 pre-pandemic to more than $20,000 last summer (the current price is around $15,000). What you need to know about a 2021 Flexport IPO, Open to the Public Investing, Inc. Shippeo develops a multimodal transportation visibility platform. Flexports goals go beyond having the lowest price; they want to provide the best software and systems to help clients book, track and pay for shipments. Shipments from Asia ex-China have climbed from 13.7% in 2018 to 27.3% in 2019 and 39.0% in the first quarter. EPS of $0.53 beats by $0.06 | Revenue of $5.02B (-4.14% Y/Y) misses by $9.58M. Its software platform makes it easy for its clients to engage in trade globally. Exce, To view Flexports complete valuation and funding history, request access, Youre viewing 5 of 34 competitors. Past performance is no guarantee of future results. Asked onstage at a June 2016 conference if he would still take Thiels money knowing hed support a politician tough on China trade, Petersen spoke from the hip. Flexport Company Profile: Valuation & Investors | PitchBook Personalize which data points you want to see and create visualizations instantly. Which industries has this organization had the most exits in? Higher yield than a high-yield savings account. Sign up for a free trial to see Flexport's valuations in February 2019, April 2018, September 2017 and more. Alternative assets, as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (Regulation A). Get the full list, To view Flexports complete subsidiaries history, request access, To view Flexports complete exits history, request access, Morningstar Institutional Equity Research, Freight-forwarder monitoring and management systems and methods, System and methods for accurate price quoting and generation, Cargo management system and methods of managing cargo, Methods and systems for generating a digital shipping plan, Co-Founder, Co-Chief Executive Officer & Board Member, President of Flexport Ocean and Air & Chief Strategy Officer, Co-Chief Executive Officer & Board Member. Petersen uses two major frameworks in order to maintain company culture and prioritize customer needs. This is a profile preview from the PitchBook Platform. The following slide deck was published by International Paper Company in conjunction with their 2023 Q1 earnings call . Orkestra Supply Chain Solutions (SCS) is a logistics and technology company that removes complexity through an intelligent platform and experienced people. Flexports aggressive fundraisingit has secured more than $2 billion to datemeant dilution for Petersen personally, who today owns just 9% of his company despite having no cofounders. It primarily caters to the automotive, building materials, consumer goods, food and beverage, manufacturing, oil, gas, and chemicals, and retail industries. Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (Dalmore), member of FINRA & SIPC. As it navigates all of these different regulatory bodies, there is the risk that they will struggle to maintain compliance as the complexity of the business increases. By the time Thiel and Founders Fund led a $20 million Series A investment in Petersen in 2015, Flexport was billing itself as a new-look digital freight forwarder. When? For businesses facing inventory crunches, it built an app for truckers to tap into and learn where theyll be needed 10 days in advance. Analysts are unclear as to whether the only path towards continuing its successful growth would be an IPO for Flexport. All Rights Reserved. The start-up was Flexport, and its founder is Ryan Petersen, then an importer of Chinese motorbikes who, frustrated by the complexities of the logistics process, was on a mission to make global trade easy for everyone. "Recruiting has been very challenging for the last couple of years. We have a chip on our shoulders. Now, they extend the same visibility to their own customers. Empowering companies to connect with their retail investors. Take San Franciscobased shoemaker Rothys, a Flexport customer since 2017. For years, Petersen had tinkered with another idea, a TurboTax for customs paperwork, but he needed to clear a rigorous background check (smuggling is one concern) to move goods across the U.S. border. Flexport rolled out Platform 2.0, new services in 2019 That year, any teams request for headcount, they got whatever they asked, Petersen says. He bases his philosophies regarding prioritizing customer needs on principles he learned from his mentor Charlie Munger. After extensive research and analysis, Zippia's data science team found the following key financial metrics. This story appears in the February/March 2022 issue of Forbes Magazine. Learn more. The hiring spree . The hiring spree, spearheaded by Dave Clark who joined Flexport in September after two decades at Amazon.com, comes at a time when many big tech companies and venture capital-backed startups are either freezing hiring or laying off employees amid economic uncertainty. Poskus predicts this will continue for at least the next two quarters and industry analysts agree. Flexport - Funding, Financials, Valuation & Investors - CrunchBase None of these entities provide legal, tax, or accounting advice. Nor have they officially released any statement indicating they are exploring one. Petersen grew up surrounded by entrepreneurs in Bethesda, Maryland, just inside D.C.s Capital Beltway. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the "Treasury Account"). One vocal critic frequently refers to Petersen in dismissive LinkedIn posts as Private Ryan. [Flexport has] made a lot of enemies in the space, says a veteran industry exec who didnt want to be named for fear of losing business with Petersen. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. During the global COVID-19 pandemic, they were one of 10 organizations that contributed to creating the Frontline Responders Fund. Even when importers are willing to pay a premium for a specific spot on a boat on a certain day, capacity has been so limited that no amount of premium payments are sufficient because the existing contracted space is the entire capacity of the transporter ships. This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Who? In February, it raised $935 million in a Series E funding round that values it at $8 billion nearly triple its last reported valuation in 2019, according to PitchBook data. Over 2021, Flexport blew away its own projections, turning a surprise profit as revenue doubled. So he flew down to Los Angeles to see for himself. If we can fix problems for Flexport, we can fix problems for the wider world, he says. Flexport currently has over 3,200 employees across the world, and now has a hybrid work policy, requiring employees to work for two to three days in the office. Demand is at a record highglobal trade volumes rose 8.3% in 2021, according to Allianz subsidiary Euler Hermes. It hasnt stalled; but they were affected by the global pandemic in the sense that their business was affected by shortages of consumer goods and increased demand for shipping. Fractional shares are illiquid outside of Public and not transferable. Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade. Flexport IPO: The Latest Updates on Flexport Stock Which investors participated in the most funding rounds? And we think this is the exact great opportunity for us to go out and start hiring and give people an opportunity to do a reset in their career," said Clark. Nov 2 (Reuters) - Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers to double its technical team by next year, a top company executive told Reuters. Flexports biggest competitors are: Telenet Global Logistics, a private travel and leisure company; Bremer Lagerhaus, a publicly traded travel and leisure company; Global Tranz, a travel and leisure company that is a subsidiary of another company; and Echo Global Logistics, a publicly traded tech company. He created his own list of six questions to help him stay on track: Two other guiding characteristics are discipline and accountability. Crypto. You get invited to interesting things. The Vice President of Global Ocean at Flexport, Nerijus Poskus, was quoted in May 2021 by FreightWaves.com as saying the volume of global freight business is at 1.5 pre-pandemic levels. Flexport is currently testing a new freemium service it will launch this year, one that provides free visibility, carbon tracking and messaging to users even if they dont run freight with Flexport. Diversity Spotlight (US Headquarters Only), Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Total number of diversity investments made by an investor. Sign up for free newsletters and get more CNBC delivered to your inbox. (purpose, mission, vision, and impact). Flexport Raises $935 Million to Boost Resilience and Visibility in In 2018, China represented 75.2% of U.S. seaborne imports linked to Flexport, while in 2019 that had fallen to 62.8% before declining to 47.8% in the first quarter. Ryan preferred studying abroad in Spain and volunteering in El Salvador. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (Public Holdings). But industry rivals say the 41-year-old near-billionaire and his startup are all show. Lets explore what type of risks investors might need to consider with a Flexport IPO. See JSIs FINRA BrokerCheck and Form CRS for further information. Explore 9,000+ stocks with company-specific analysis. Organization Name . Open to the Public Investing, Inc. Flexport would try to become a profitable business now. Flexport.org is a social good and sustainability initiative that partners with nonprofits shipping goods to areas of need, companies with excess goods to donate and companies that are looking for innovative ways to reduce carbon emissions. Flexport's valuation more than doubled to $8 billion on Monday after a funding round led by venture capital firms Andreessen Horowitz and MSD Partners, as logistics companies attract investors . Companies of all sizesfrom emerging. T-bills are subject to price change and availability - yield is subject to change. Flexport manages the shipping of 25 products from a factory in China to two hubs in California and Kentucky and offsets their carbon footprint. Schneberg has a bachelors degree in economics from Humboldt University of Berlin and an MBA from University of California, Berkeley. Six years ago, they were mostly right. Flexport Flexport acquired 1 company. Digital freight forwarder Nowports reaches $1.1B valuation. Flexport. Investors: Flexport works to earn a return on investment for their investors. Ninja Delivery is an e-commerce website that provides delivery for foods, drinks, and household items. See the full list of 2022 Disruptor 50 companies, Silicon Valley supply chain fixer Flexport tops the 2022 CNBC Disruptor 50 list, What happens after the crash for cash-burning tech companies, Where the billions being spent on autonomous vehicles is heading, Early Tesla investor bets on a logistics start-up, Where tech workers are finding buyers for private stock with IPO market shut, The Oculus VR headset creator joins the military, The company hoping to beat Warren Buffett's bet on dialysis, A very tall French warehouse robot coming for the jobs we can't reach, How America's towns and cities are getting a climate retrofit. Flexport is the end-to-end platform for global trade, Dodge Shipping Delays as Much As Possible, Balance Speed and Cost with Your Modal Mix, FlexU: Learn About Supply Chain & Logistics, A Fresh Approach to Clear High Value Goods, Manage Inventory End to End with Flexport, Customs Broker RFP Process: Dos and Don'ts, Go Carbon Neutral in the Flexport Platform. The cuts were also ineffective, crushing employee morale for minimal savings. The Office of the United States Trade Representative (USTR) announced the procedure by which companies can request exemptions from the additional 25 percent tariffs placed on List 3 goods imported from China under section 301 of the Trade Act of 1974. This transcript may contain forward-looking statements about, among other things, our anticipated operating and financial performance, business plans and prospects; expectations for our product pipeline, in-line products and product candidates, including anticipated regulatory submissions, data read-outs, study starts, approvals, post-approval clinical . Early on, the unit shipped 350,000 masks from the U.S. to Wuhan. No money or other consideration is being solicited and, if sent in response, will not be accepted. Flexport Platform Manage your supply chain Order Management Collaborate on orders Customs Clear goods, gain insights Climate Offset carbon emissions Transportation Ocean Freight Ship in a few clicks Air Freight Fly for faster arrivals Less than Container Ship any volume Trucking Go intermodal or direct Shopify Shipping With quick uplift to speed delivery, urgent shipments lift sales. Duis aute irure do, prehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. If they do end up exploring an IPO in the near future, investors should know all investments have risks. Flexport Inc. is an American multinational corporation that focuses on supply chain management and logistics, including order management, trade financing, insurance, freight forwarding and customs brokerage. Edit Post-Money Valuation Data by PrivCo Section. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. This has happened in the past when they had a four year contract with Western Global Airlines that was beset with multiple mechanical failures and repair delays. The Flexport platform streamlines supply chain workflows enabling real-time communication and data-backed decision-making. ODX Flexport is a highly specialized accelerator program exclusively for innovative and disruptive logistics . Flexport's latest funding round was a Line of Credit for $200M on October 20, 2022. Access the latest trends, expert commentary, and indicators for unique insights into the global economy. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. LPL Financial Member FINRA/SIPC 3 Notice to Investors: Non-GAAP Financial Measures Management believes that presenting certain non- GAAP financial measures by excluding or including certain items can be helpful t o investors and analysts who may wish to use this information to analyze the Employees: Flexport aims to create a win-win situation for employees. Kevin Kwok has had 1 past job as the Summer Venture Analyst at IA Ventures. And when the backup of ships waiting to unload at major ports reached a breaking point last fall, it was Petersen who showed up at the Port of Long Beach in California to charter a boat and tweet what he saw, prompting a viral response including a call from Governor Gavin Newsom and an overnight policy change to stack containers higher in local yards.

Audubon Country Club Louisville Membership Fees, Psycho Toon Patrol, Articles F