Cargo shipping services platform Flexport is now valued at $3.2bn following a $1bn round led by SoftBank Vision Fund that will go to technology development and hiring.
Telecommunications firm SoftBank’s Vision Fund led a $1bn round for US-based online shipping platform Flexport yesterday that valued it at $3.2bn, a source with knowledge of the terms told Forbes.
Logistics service provider SF Express also participated in the round along with investment firm DST Global and venture capital firms Founders Fund, Cherubic Ventures and Susa Ventures.
Flexport’s business focuses on what it calls an Operating System for Global Trade, a cloud-based platform where clients can book shipping through air,…
