Amazon Logistics rival Flexport received $ 110 million in financing

On October 7, Silicon Valley start-up companies, Amazon in the logistics industry competitors, technology and freight company Flexport has just completed a new round of financing, in this financing, Flexport raised $ 110 million, the company valuation reached 9.1 Billion dollars.

The investors involved in Flexport’s investment include Dounder, Yuri Milner, Founder’s Fund from venture capitalist Peter Thiel, and Wells Fargo. In fact, Flexport in the early financing, investors also include Google (microblogging) venture capital (GV).

Flexport now in the field of logistics and delivery gradually grow, of course, Amazon in the field of logistics is also increasing investment. It is Amazon in the field of logistics step by step, Flexport is also increasing investment. Flexport claims through the blog, the reason why the latest financing, is to “increase investment again.”

Today, companies are reluctant to rely on Amazon logistics for international cargo business, often choose Flexport. Flexport will carefully handle the entire shipping process and handle the sensitive information of the customer. Flexport currently has about 1,800 customers, some of them in the field of e-commerce, such as Warby Parker, Casper, Allbirds and Honest Company.

“The world’s largest freight forwarder accounts for only about 2% of the trillions of dollars,” said Ryan Petersen, founder and CEO of Flexport. “Global trade is growing by about 3% per year, so , Although Amazon has become the world ‘s largest freight forwarders, but I think that other freight forwarders still have room for development.

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