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New Deal


Announced

Completed

SoftBank led a $114m Series C round in Flock Freight.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Transportation Services

Completed

freight services

Acquisition

United States

Minority

Private

Venture Capital

Friendly

Private Equity

Synopsis

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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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