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 SoftBank invested through its Vision Fund 1.

Flexport operates a cloud-based logistics system allowing customers to book shipments by air, sea, land or rail globally,…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.