Announced
Completed
Financials
Tags
Friendly
Cross Border
Transportation Services
United States
freight services
Minority
Private
Venture Capital
Completed
Acquisition
Private Equity
Synopsis
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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