Flexport
Friends & Family Capital, a fund founded by ex-Palantir CFO and son of IVP’s founder, unveils third $118M fund
Small VC firms require deep trust, mutual support and long-term commitment among the partners — a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO and…
Flexport, a logistics company with $2.7 billion in funding, is reportedly planning additional layoffs.
FrontEdge raises $10M in debt, equity from TLG, Flexport to facilitate trade for African exporters
In the dynamic landscape of African international trade, a prevalent challenge looms large: A mere 30% of trade volumes find financial intermediaries in banks. This glaring gap in financing disproportionately…
Flexport CEO Ryan Petersen made it clear that while he was keen on buying Convoy because of the “incredible tech stack” it built, he wasn’t buying its strategy.
Flexport acquires technology of former digital freight unicorn Convoy
Supply chain logistics platform Flexport is acquiring the assets of shuttered digital freight network Convoy, according to a memo Flexport CEO Ryan Petersen sent to staff Wednesday. Flexport will restore…
Flexport founder Ryan Petersen said in September — in the wake of his hand-picked CEO’s sudden departure — that the logistics company needed to get its house in order. It…
Dave Clark, the former Amazon executive who was ousted as CEO of Flexport just a year into the job, fired back at its founder and board, calling recent reporting on…
Flexport founder rescinds dozens of job offers to get ‘house in order’ days after CEO pushed out
When Flexport founder Ryan Petersen picked Amazon consumer chief Dave Clark to lead the buzzy freight forwarding and logistics startup, he noted that they needed an “entrepreneur” and a builder,…
Flexport’s Ryan Petersen joins venture firm Founders Fund as a partner
Flexport founder Ryan Petersen has joined venture capital firm Founders Fund as a partner, as reported by Forbes earlier today. Founders Fund confirmed the move to TechCrunch, providing the following…
Kaitlyn Glancy, long Flexport’s VP of North America, just joined the world of VC
Today, Kaitlyn Glancy, who has spent more than eight years with the logistics company Flexport — the last four of them as the outfit’s vice president of North America —…
Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity
Shopify revealed today that it’s laying off 20% of its workforce, impacting more than 2,000 people, and is selling its logistics business to Flexport for roughly 13% in stock. The…
‘Most active investor’ FJ Labs closes on $260M across two new funds
Fabrice Grinda says he never intended to run a venture firm. He just really (really) enjoyed angel investing. In fact, by late 2013, when he was on the verge of…
Deal terms, fatality rates and the drawbacks of credit lines; a view from today’s most active VC firm
Yesterday, we had the chance to catch up with Fabrice Grinda, a French, New York-based serial entrepreneur who co-founded the free classifieds site OLX — now owned by Prosus —…
Xeneta makes a splash with $80M on a $265M valuation to scale its crowdsourced sea and air freight analytics
The wheels of global commerce continue to turn, through wars, pandemics and economic downturns; and today a startup taking a new tech approach to improve the workings of one of…
Arena raises money from Peter Thiel and David Petraeus for its decision-making AI
Can AI automate enterprise decision-making? It’s an exceptionally broad and challenging task — assuming it’s within the realm of possibility. But that’s what startup Arena claims to do, fueled by…
Ghost appears with new funding, marketplace to match buyers with unsold products
Ghost created a marketplace, similar to eBay, that provides a way for brands to get rid of excess inventory and will handle all of the posting, sales and shipment of…
The next wave of supply-chain innovation will be driven by startups that help incumbents win
For years, the narrative for innovation in supply chain has focused on the disruptors. Less heralded has been the next wave these disruptors often catalyze: Digital enablers.
Shipping and cargo services is one of the more fragmented and analogue verticals in the world of industry, with hundreds of thousands of businesses involved in myriad aspects of a…
Departing Amazon exec Dave Clark to head logistics startup Flexport
Dave Clark, the former Amazon consumer chief, will take over as CEO of freight forwarding and customs brokerage startup Flexport starting September 1, 2022. Clark resigned from his role as…
clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in LatAm
The company delivers a package every 20 seconds and services customers of all sizes, from AB inBev and Red Bull to small Shopify merchants.
This week in TechCrunch podcasts: The new TC Pod, Chain Reaction, Found, Equity and The TechCrunch Live Podcast
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the…
Nigeria’s Topship raises $2.5M from Flexport and YC to help merchants with international shipping
African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to hidden and excessive charges. Digital freight forwarders on the continent have grown to…
Featured Article
Will the corporate venture boom lead to an M&A frenzy?
Why recent CVC activity combined with the current climate for startups could result in a more active M&A market.
Why Latin America’s freight-forwarding opportunity is still attracting capital
Amid a pandemic and unrest over gasoline prices, investors are still pouring money into Latin America’s logistics and shipping businesses.
The company’s approach is to bring visibility and real-time data from the manufacturing floor to brands so that brands can source, make and ship apparel.
Secureframe secures $56M for a platform that automates an enterprise’s compliance with standards like HIPAA and SOC 2
Meeting compliance standards like HIPAA and SOC 2 can be a critical — and often mandatory — part of the matrix of boxes that need to be ticked when securing…
7bridges raises $17M to automate logistics supply chains using AI
Supply chain logistics — getting components and eventually finished products from A to B to C — is one of the most critical parts of running a business, not least…
Mark Cuban and former Oculus CEO back 3D e-commerce startup VNTANA
As Facebook and Apple charge headlong into a more 3D future for the consumer web with big plans for mixed reality headsets, most web content out there is still firmly…
137 Ventures, which provides loans to private company shareholders, just raised a new fund
137 Ventures, a 10-year-old, San Francisco-based firm that offers loans to founders, executives, early employees and other large shareholders of private, high-growth tech companies in exchange for the option to…
