flexport investor presentation

There are a few places that have seen substantial benefits from companies moving production as a means to mitigate the impact of tariffs on goods from China. Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation. Its software platform makes it easy for its clients to engage in trade globally. 2023 CNBC LLC. Apr. Customer Relationship Summary, Open to the Public Investings Fee Schedule. Customizable reporting and analytics let you find advantages and plan to expand. Duis aute irure do, prehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Digital freight network Convoy hits $3.8B valuation. Every crisis needs a hero, and Ryan Petersen positioned himself as the face of this. "A common response was, 'Oh, we don't need the internet in this industry. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. To hear him tell it, Maersk and its peers own the containers; theyll want to own the data too, not give it up to Petersen. Flexport is the company aiming to untangle those knots. From soybeans and automobiles to lumber and lobsters, industries across the board have felt the impact as the U.S. seeks to stimulate demand for its goods and China continues to press for greater global economic influence. Exce, To view Flexports complete valuation and funding history, request access, Youre viewing 5 of 34 competitors. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Flexport has more than 10,000 clients and suppliers in 112 countries and doubled its revenue last year, bringing in $3.2 billion while reporting its first EBIT positive year. Flexport International, LLC considers itself 'the OS of global trade'. JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 par value (the T-bills value at maturity). Petersen started chartering planes again, this time for a good cause. Sign up for free newsletters and get more CNBC delivered to your inbox. It also rolled out a number of new services and locations and raised $1 billion from an investor group led by Softbank Vision Fund. It was founded in 2013 and is rumored to be exploring an IPO. CB Insights Intelligence Analysts have mentioned Flexport in 14 CB Insights research briefs, most recently on Nov 10, 2022. It's a pretty ugly situation out there, says Flexport CEO Ryan Petersen on supply chain disruptions, The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable, WWE taps Fanatics to sell merchandise at live events like WrestleMania, SummerSlam, How Fanatics and MLB are planning to keep the trading card boom going. Seeing really is achieving. 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. Correction: This story has been updated to reflect the correct percentage of third-party logistics compared to U.S. gross domestic product, and to clarify a Flexport customer. Nominations are officially closed. 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. Flexport has a post-money valuation in the range of $1B to $10B as of Feb 7, 2022, according to PrivCo. Thats just the reality of being a new company in such a big, complicated business, says Ben Braverman, a longtime Flexport executive and Petersen confidant. The cuts were also ineffective, crushing employee morale for minimal savings. Americans spent 20% more on goods last fall than in February 2020. Prior to founding Flexport, Schneberg had transportation and logistics experience and was the Founder and leader of the Next Generation Think Tank. So when Thiel announced his public support for Donald Trump, who was championing big new China tariffs during his presidential campaign, Petersen committed a startup sin. Privately held Flexport is one of the most valuable logistics startups after raising more than $2 billion in funding. Subscribe. You're more than your latest funding, tell our customers your company's story. In 2013, when the company was founded, the freight industry largely functioned still via paper and faxes. (Photo: Jim Allen/FreightWaves) Global logistics platform Flexport announced Monday it is looking to close a $935 million series E investment round by the end of the first quarter that will value the company at over $8 billion. Access the latest trends, expert commentary, and indicators for unique insights into the global economy. Edit Post-Money Valuation Data by PrivCo Section. This content is not investment advice. For businesses facing inventory crunches, it built an app for truckers to tap into and learn where theyll be needed 10 days in advance. Which industries has this organization had the most exits in? For more information on risks and conflicts of interest, see these disclosures. Active, Closed, Last funding round type (e.g. It tracks shipments for shippers and logistics service providers helping them leverage transportation to deliver better customer service. 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. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the "Treasury Account"). 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. Get the full list, Youre viewing 5 of 7 board members. Project44 offers an end-to-end supply chain visibility platform for shippers and third-party logistics firms. And in February 2020, when Covid-19 shutdowns in China started to reverberate through the supply chain, Petersen panicked. The company is a global freight forwarder and modern logistics platform whose goal is to fix and improve user experience in global trade. Additional information about your broker can be found by clicking here. Average folks who never gave a thought to the global supply chain are paying attention now. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. During the global COVID-19 pandemic, they were one of 10 organizations that contributed to creating the Frontline Responders Fund. Flexport was awarded sixth place in FreightWave's 2020 FreightTech 25 competition in November. Please ensure that you fully understand the risks involved before trading: Legal Disclosures, Apex Crypto. How many investments has this organization made over time? Flexport says its Transmission app shaves 40 minutes from ship to chassis. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Kevin Kwok has had 1 past job as the Summer Venture Analyst at IA Ventures. Flexport can utilize that data to determine whether it should invest in building out a new product line, enter a new customer vertical, or even just outright acquire the firm it invests in. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Feb 7, 2022: Flexport Series E - Flexport . Gross revenue hit $3.3B in 2021, up from $1.3B in 2020 and $670M in 2019. Companies of all sizesfrom emerging. You dont sink the battleship with one pin.. Prior to starting Flexport, Petersen founded and led a data-as-service company supporting global shipping for businesses called ImportGenius.com with his brother. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Existing investors including DST Global, Founders Fund, SoftBank's Vision Fund I and former Greylock VC Kevin Kwok also participated in the round. Flexport raises $935 million to boost resilience and visibility in global supply chains. Pretty much any Asia-bound ship will have at least a container or two filled with California almonds or auto parts put there by Flexports software. Edit Jobs Section. Access capital for logistics costs and focus on opportunity. Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (Open to the Public Investing), a registered broker-dealer and member of FINRA & SIPC. With fresh financing, the company says it plans to begin expanding into new markets and accelerate the development of its technology. With quick uplift to speed delivery, urgent shipments lift sales. Julie Pierce Onos is a Massachusetts-based writer and Organization Development expert. Sales reached $3.3 billion in 2021, up from $1.3 billion in 2020 and $670 million the year before (Flexport passes about 80% of its revenue directly to its shipping partners). He outlined some quick fixes, including stacking containers higher and building a new railhead. Automate orders. The company was founded in 2014 and is based in Paris, France. He engages where a lot of executives wont. Lead Investor . One challenger with momentum is Chicago-based project44, a pure logistics data play which raised $420 million in January at a $2.6 billion valuation. Ready for some unsettling news? Only Flexport delivers deep visibility and control, low and predictable supply chain costs, and faster and more reliable transit times. CNBC's Hugh Son joins 'Squawk Box' to report the latest on JPMorgan's acquisition of First Republic. CBI websites generally use certain cookies to enable better interactions with our sites and services. 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. See JSIs FINRA BrokerCheck and Form CRS for further information. If they do end up exploring an IPO in the near future, investors should know all investments have risks. 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. Investors: Flexport works to earn a return on investment for their investors. The San Francisco-based company,ranked No. In fact, in April 2020, CEO Petersen was quoted in a TechCrunch article as saying, Im just having fun. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. That work helped inspire the brothers next business, a search engine of global shipping manifests they built with Davids college roommate while Ryan was attending Columbia Business School. No minimum hold periods. (purpose, mission, vision, and impact). Petersen remains as CEO and Schneberg is now the founder and leader of Flexports impact arm, Flexport.org. Flexport has more than 10,000 clients and suppliers in 112 countries and doubled its revenue last year, bringing in $3.2 billion while reporting its first EBIT positive year. At Georgia-Pacific, replacing thousands of email updates and attachments with a single view led to 100% on-time customs filings. It primarily caters to the automotive, building materials, consumer goods, food and beverage, manufacturing, oil, gas, and chemicals, and retail industries. Probably not, actually. CNBC's 11th annual Disruptor 50 list will be revealed on-air and online this May. Insure all of your cargo or cover it by the shipment. Its platform allows customers to book, manage and keep track of their international freight as well as use analytics to drive supply chain decisions. Much damage had already been done. 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 . Bootstrapped and profitable within a couple years, ImportGenius.com still generates millions in cash to this day. Early in lockdown, he sent hundreds of thousands of units of personal protective equipment to Wuhan, Chinathen set his team to routing much more back when the virus reached U.S. shores, booking special planes to ship masks by the millions while rallying the public to donate funds. US Import Gain Means Flexport Sees No Recession for Some Months, Flexport founder Ryan Petersen reveals his secret for startup recruiting, Tech Moves: Former Expedia leader joins Peerspace; Flexport adds another Amazon exec, Supply Chain Management Companies With More Than $10M in Revenue. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. He engages where a lot of executives wont. It is not intended to constitute investment advice or any other kind of professional advice and should not be relied upon as such. But truthfully, Flexport competes with multiple freight forwarding companies that exist in online marketplaces that focus on winning the price war. Flexport raises $935 million to boost resilience and visibility in global supply chains. Exclusive: Amazons Consumer Chief Dave Clark Joins Supply Chain Startup Flexport As CEO. That year, any teams request for headcount, they got whatever they asked, Petersen says. Flexport owns no trains, planes or ships of its own. : How do decisions get made and how do you improve quickly? Petersen was accepted into YCs 2014 batch as one of the last founders under Grahams direct mentorship. Our industry thinks Im a clown, which I dont mind, he says. Here are three things you should know. 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. 41 in 2021). Flexport has made 33 investments. Limit delays, fix exceptions quickly, and calculate landed costs with accuracy. According to Crunchbase, Flexport has raised a total of $1.3 billion in 4 rounds of funding. There is a possibility of loss. 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. Cryptocurrencies are not securities and are not FDIC or SIPC insured. : What values and behaviors do you look for in employees you hire? It works with at least 20 more across the globe. 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. The company's freight forwarding and brokerage services are in the cloud, enabling it to analyze costs, container efficiency, and greenhouse gas emissions quickly and with more accuracy than legacy systems. People [were] just finding us on the internet [and] signing up for the service." Finally, to raise funds, Petersen's main philosophy was giving off the impression that Flexport would succeed whether or not the investors decided to . Supply chain operations and the freight forwarding process are not the first parts of the organization executives think of when they are looking to optimize to drive transformation and growth. Sales reached $3.3 billion in 2021, up from $1.3 billion in 2020 and $670 million the year before (Flexport passes about 80% of its revenue directly . In 2018 they were recognized on the following lists: In 2019 they were recognized on the following lists: Flexports guiding principles have been consistently employed from the beginning. Flexport said Monday it raised $935 million in a Series E funding round that values the freight forwarding company at $8 billion nearly triple its last reported valuation in 2019, according to. The following slide deck was published by Tango Therapeutics, Inc. in conjunction with this . It is a licensed customs brokerage and freight forwarder built around a modern web application. Flexport has raised a total of $2.4B in funding over 17 rounds. 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 Customer Relationship Summary. 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. T-bills are purchased at a discount to the par value and the T-bills yield represents the difference in price between the par value and the discount price. Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. Flexport must deal with more than 43 separate trade regulations in the United States alone. A single dashboard speeds workflows and surfaces insights. Executive Offices 100 First Stamford Place Stamford, Connecticut 06902 (203) 363-7300 There isnt a silver bullet for this.. Which funding types raised the most money? Learn more. It is assuming $122 billion in . The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. The platform arranges goods to be transported and tracks the inventory in real-time in orders carried by the ocean, air, and road freight, enabling logistics companies to optimize transportation routes and. "This investment signals that the market recognizes the need for a tech-enabled logistics ecosystem that has the visibility and resilience to handle unexpected challenges of any scale," Petersen said in announcing the deal. 41on last year'sCNBC Disruptor 50list, has raised $2.2 billion to date. It is a licensed customs brokerage and freight forwarder built around a modern web application. Flexport manages the shipping of 25 products from a factory in China to two hubs in California and Kentucky and offsets their carbon footprint. Start Date . Flexport founder and CEO Ryan Petersen Now the company has over 400 employees in seven offices. He utilizes the OKRs system created by Intels Andy Grove and most famously used by Amazon.

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