News / Flexport secures a billion dollars in new funds to help grow its global footprint

US digital-first freight forwarder Flexport has secured “a truly outstanding” $1bn in a new funding round led by Japanese tech investment behemoth SoftBank.

Flexport said the cash would be used to “deepen its technology and data capabilities, grow its global logistics infrastructure footprint and invest in industry expertise”.

SoftBank’s Vision Fund was joined by existing investors in Flexport, including Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and emerging Chinese integrator SF Express.

The investment will see Michael Ronen, managing partner at SoftBank ...