Following the Money: Where is Flexport Investing?
Flexport says it wants to make global trade easy for everyone, and fueling the growth of other tech start-ups has become a part of that playbook.
The company, with an $8 billion valuation that CB Insights said made it the eighth largest supply chain tech unicorn in the first half, sells digital platforms companies can use to track their shipments, manage orders, clear Customs, and monitor their carbon footprint. A look at Flexport’s corporate investment arm, Flexport Ventures, and its founder and CEO Ryan Petersen’s investment activities clearly indicate the company doesn’t see itself as the sole solution to shippers’ supply chain challenges.
Read the article here
