News / Flexport now worth $8bn as it raises more cash and eyes tech M&A

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Flexport, the divisive, digitally enabled freight forwarder, will no doubt attract more market attention following its latest valuation: more than $8bn, after it received another $935m in funding.

The money was raised via a Series E round, led by Andreessen Horowitz and MSD Partners, with a strategic investment from Shopify, as well as participation from existing partners.

Flexport said it would spend the cash on accelerating the development of its technology, and expanding into new geographies and markets. It added that it would ...