Flexport in talks to raise $500m in SoftBank-led deal

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By Gavin van Marle

14/02/2019

US freight forwarding start-up Flexport appears to be on the verge of another enormous fundraising round, according to this report from Reuters. This time it is tapping a group of investors led by Japanese tech behemoth SoftBank, which is no stranger to the transport and logistics industry. Its most recent investment completed earlier this week when it ploughed $1bn into US autonomous delivery start-up Nuro. If Flexport reaches its new target, the report suggests it could be worth as much as $3bn.

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AF
February 18, 2019 at 12:31 pm
Congrats to Flexport for finding another victim to invest in their bubble.

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