We offer our view of Flexport because it is part of the total ARK Venture Fund portfolio. To see the most updated portfolio, please click here.
Flexport digitizes freight forwarding, which is the process of organizing the different vessels and entities to send cargo. Freight forwarders are the middle people between the company who ships and the final destination. A typical pallet has more than 15 companies involved in the transaction.
Flexport Inc provides a software platform that integrates enterprise resource planning (ERP) data from the different companies involved in any given supply chain. Through connected data, Flexport provides a single interface to manage cargo information, freight processing, customs brokerage services, and other logistics to facilitate global trade.
The company was founded in 2013 and is based in San Francisco, California. Flexport also has warehouses and offices all across the globe.
Autonomous technology, artificial intelligence (AI), and robotics should lower the cost of transportation for both people and goods globally, and digitizing manual handoff processes should increase convenience while lowering costs.
We believe Flexport can automate legacy processes involved in freight forwarding and can eventually provide an end-to-end, integrated software platform for global logistics.
Disclosures
We offer our view of Flexport because it is part of the total ARK Venture Fund portfolio. To see the most updated portfolio, please click here.
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