Logistics firm SF Express committed capital to freight logistics platform Flexport, which was previously backed by Bloomberg Beta and GV, among other corporates.
US-based freight management platform developer Flexport raised $100m from Logistics services provider SF Express, thus upping its total funding to $304m. The new funding will be used to double warehousing capacity and open offices in Taiwan and the cities of Hamburg, Chicago and Shanghai. The valuation at which SF Express invested was not revealed. However, the company was valued at $910m in its last $110m series C round in October 2017. Wells Fargo Strategic Capital, a subsidiary of financial…
