Flexport
| Company type | Private |
|---|---|
| Industry | Supply chain management, Logistics |
| Founded | 2013 |
| Founder | Ryan Petersen, David Petersen |
| Headquarters | San Francisco , United States |
Area served | Worldwide |
Key people | Ryan Petersen (Founder and CEO) |
| Products | Order management, delivery, trade financing, insurance, freight forwarding, customs brokerage |
Number of employees | 2100+ (2025) |
| Website | flexport |
Flexport Inc. is a U.S.-based multinational corporation focused on supply chain management and logistics. Its portfolio includes services such as order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage. The company is headquartered in San Francisco, California, employs more than 2,100 staff members (2025), and reported revenues totaling US$2.1 billion in 2024.
History
Established in 2013 by siblings Ryan and David Petersen, Flexport developed software that consolidates ERP information throughout supply chains to enhance cargo handling and freight operations. By 2017, the firm had secured $304 million in investment, including a $110 million Series C round from backers such as Peter Thiel’s Founders Fund, First Round Capital, and Google Ventures.
In 2015, Flexport forecasted $60 million in revenue and had over 600 clients by 2016. By mid-2016, the company maintained seven offices worldwide—in locations like Atlanta, Amsterdam, Hong Kong, and Shenzhen—employed 420 individuals, and was valued at $365 million. CEO Ryan Petersen revealed intentions to build a global warehouse network for cargo consolidation at strategic hubs including Hong Kong and Los Angeles.
Amid the 2020 COVID-19 pandemic, Flexport implemented workforce reductions as part of wider technology sector cutbacks. In 2021, the company invested in Bridgelinx, a trucking startup based in Pakistan. The next year, Flexport secured $935 million through a Series E funding round that placed its valuation at $8 billion, raising total capital to $2.3 billion. In June 2022, Dave Clark, formerly Amazon’s worldwide consumer chief, was appointed CEO.
In May 2023, Flexport acquired Shopify’s logistics operations in exchange for a 13% equity stake. Clark stepped down from his CEO role in September 2023 following strategic conflicts with founder Ryan Petersen, who reassumed leadership and withdrew numerous job offers soon after his return.
In November 2023, Flexport purchased the assets of Convoy, a trucking software firm that had ceased operations. Then in January 2024, Shopify made an additional investment of $260 million into Flexport.