SoftBank Vision Fund 1 and Shopify both invested in the shipping management service's first round in three years, more than doubling its valuation to $8bn.

US-based logistics services platform developer Flexport raised $935m yesterday in a series E round featuring internet and telecommunications group SoftBank and e-commerce software provider Shopify at a valuation of $8bn post-money. Andreessen Horowitz and MSD Partners co-led the round with additional backing from DST Global, Founders Fund, private investor Kevin Kwok and undisclosed others, while…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.