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New Deal


Announced

Completed

SoftBank Vision Fund 2 led a $215m Series D funding round in Flock Freight.

Financials

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Transaction Value£155m
Consideration TypeCash
Capital Owned-
Capital Bid For23%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Cross Border

Transportation Services

United States

freight services

Minority

Private

Venture Capital

Completed

Acquisition

Private Equity

Synopsis

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SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $215m Series D funding round in Flock Freight, a software-driven shared truckload service provider. Additional investors include Susquehanna Private Equity, Eden Global Partners, SignalFire, GLP and GV. Flock Freight says its tech reduces carbon emissions compared to the traditional hub-and-spoke shipping system. The six-year-old startup is also aiming to use the funds to expand its operations and to hire, especially in Chicago, where it will open a new office this year.

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