Freight Company Flexport Secures $110 Million
Flexport announced it has raised $110 million in Series C financing from DST Global.
Flexport is a licensed customs brokerage and freight forwarder built around a modern web application. The company’s services include air freight, ocean freight, trucking, fulfillment, and cargo insurance. Its online dashboard allows businesses easily to understand, purchase, manage and track services required for global trade. By automating these services and centralizing them in an online dashboard, Flexport increases efficiency, reduces costs, and improves reliability.
The company revealed that the new capital will help Flexport transition from a pure-play software company handling routing logistics to becoming an actual freight company.