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…

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Fernando Moncada Rivera

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