Announced
Completed
Financials
Tags
Cross Border
Transportation Services
Completed
freight services
Acquisition
United States
Minority
Private
Venture Capital
Friendly
Private Equity
Synopsis
SoftBank through SoftBank Vision Fund 2 led a $114m Series C round in Flock Freight, a US logistics tech firm. Additional investors are SignalFire, GLP Capital Partners, Google Ventures and Volvo Group Venture Capital. "In that way, carriers can avoid logistic hubs where often goods are sorted and reloaded for delivery – a process prone to delays and damage.The new funds raised would be used to hire experts in operations research and applied mathematics," Oren Zaslansky, Flock Freight CEO and Founder.
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