flexport investor presentation

inventory management. San Francisco, California, United States 1001-5000 Debt Financing Private www.flexport.com 5,194 Highlights Acquisitions 2 Investments 49 Exits 1 Total Funding Amount $2.4B Contacts 1,016 Employee Profiles 39 She loves the stories that numbers tell us about business, relationships and health. Petersen agrees: I call our sales process like playing Battleship. Developer of a freight forwarding platform designed to provide visibility and control over the entire supply chain. Forbes estimates Petersens 9% stake in Flexport is worth $650 million, after our standard 10% private-company discount. Get the full list, Youre viewing 5 of 132 investors. This has happened in the past when they had a four year contract with Western Global Airlines that was beset with multiple mechanical failures and repair delays. By that point, it was clear to Petersen that while Flexport was growing fast, the logistics market wasnt one where a hard-charging newcomer could sweep the board. It sounds like bravado, but for Petersen, 41, its simple math. To view the presentation, or for more information about the 2023 Annual Meeting, please visit: www.VoteforPitneyBowes.com.Shareholders who have any questions or need assistance voting may contact . AS the ferry to San Francisco exits Oaklands harbor, Flexports founder and CEO, Ryan Petersen, turns to watch a towering 370-foot crane hook shipping containers, one by one, onto the deck of a cargo ship. Put your cash to work with a high-yield Treasuries account. They have raised a total of $1.3 billion from many investors including Softbank, Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Expresslead. Get the full list, To view Flexports complete patent history, request access, Youre viewing 5 of 43 executive team members. Project44 offers an end-to-end supply chain visibility platform for shippers and third-party logistics firms. our sites and services. Sign up for a free trial to see revenue data from 2021, 2018, 2017 and more. It now does much more, helping customers like Georgia-Pacific (Brawny paper towels, Angel Soft toilet paper), plumbing fixtures maker Gerber and speaker maker Sonos handle all the headaches of shipping inventory from factory to warehouse to store. Flexport has a post-money valuation in the range of $1B to $10B as of Feb 7, 2022, according to PrivCo. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. The platform arranges goods to be transported and tracks the inventory in real-time in orders carried by the ocean, air, and road freight, enabling logistics companies to optimize transportation routes and inventory management. For years, skeptics have argued that Flexports software does little that you cant find today in competitors offerings big and small. But industry rivals say the 41-year-old near-billionaire and his startup are all show. In 2018 they were recognized on the following lists: In 2019 they were recognized on the following lists: Flexports guiding principles have been consistently employed from the beginning. For Petersen, the ground shifted fast. Flexport hasnt been in any legal or ethical trouble but they did file a lawsuit against Western Global Airlines (WGA) for failing to provide service due to a long string of mechanical failures and delayed aircraft repairs, disrupting Flexports business. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required Flexport is a full-service global freight forwarder and logistics platform using modern software to fix the user experience in global trade. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Flexport's valuation in February 2022 was $7,065 - $8,000M. He appears sometimes uninformed, says Robert Khachatryan, who founded the 55-person freight forwarder Freight Right Global Logistics in greater Los Angeles in 2007. Kohlberg Kravis Roberts and Hedonova are the most recent investors. He bases his philosophies regarding prioritizing customer needs on principles he learned from his mentor Charlie Munger. When? PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. : What values and behaviors do you look for in employees you hire? According to the website, the Flexport vision includes building the first Operating System for Global Trade, a strategic operating model that combines technology and analytics, logistics infrastructure, and hands-on supply chain expertise. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower, Founder: Ryan Petersen (CEO)Launched:2013Headquarters:San FranciscoFunding: $2.2 billionValuation: $8 billionKey technologies: Cloud computingIndustry: LogisticsPrevious appearances on Disruptor 50 List: 2 (No. In 2018, China represented 75.2% of U.S. seaborne imports linked to Flexport, while in 2019 that had fallen to 62.8% before declining to 47.8% in the first quarter. (If Forbes valued Petersens stake using the price of Flexport shares on the secondary markets, hed already be there, worth just over $1.1 billion.). The company was founded in 2014 and is based in Paris, France. Digital freight forwarder Nowports reaches $1.1B valuation. Petersen suddenly needed to deliver Silicon Valleystyle hypergrowth. No money or other consideration is being solicited and, if sent in response, will not be accepted. Early in lockdown, he sent hundreds of thousands of units of personal protective equipment to Wuhan, Chinathen set his team to routing much more back when the virus reached U.S. shores, booking special planes to ship masks by the millions while rallying the public to donate funds. Crypto. As recently as 2020, Flexport did not seem to be exploring an IPO. There is a possibility of loss. Flexport revenue is $471.0M annually. Flexport has 750 employees, and the revenue per employee ratio is $628,000. This content is not investment advice. Shippeo develops a multimodal transportation visibility platform. Learn more. The start-up was Flexport, and its founder is Ryan Petersen, then an importer of Chinese motorbikes who, frustrated by the complexities of the logistics process, was on a mission to make global trade easy for everyone. Higher yield than a high-yield savings account. The Flexport Platform is your supply chain source of truth. The day after his chartered boat tour of the Long Beach harbor, Petersen shared his findings on Twitter. It offers cellular trackers and a cloud-based software platform that enables real-time visibility into user shipment's location and shape. It has experienced rapid growth amid the pandemic-led global supply-chain disruptions. For Ergobaby, collaboration helps launch products. Sign up for a free trial to see Flexport's valuations in February 2019, April 2018, September 2017 and more. The San Francisco-based company,ranked No. Who? It helped set up a private rail ramp in Iowa for goods coming from the West Coast to avoid Chicago congestion. Get the full list, Youre viewing 5 of 7 board members. Petersen admires the neat rows of rectangles colored blue, rust red and an occasional teal, stacked on the post-Panamax-class ship bound for Yokohama, Japan. Flexport Skip to content But as one of the fastest-growing players in a space called digital freight forwarding, Petersens eight-year-old company is already the worlds seventh-biggest buyer of cargo room on such trans-Pacific routes. Personalize which data points you want to see and create visualizations instantly. Ultimately Flexport sued WGA and ended the contract. T-bills are subject to price change and availability - yield is subject to change. Of course, the doubters still doubt. Asked onstage at a June 2016 conference if he would still take Thiels money knowing hed support a politician tough on China trade, Petersen spoke from the hip. Here are three things you should know. The chartered planes stopped. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Take San Franciscobased shoemaker Rothys, a Flexport customer since 2017. Finally approved in March 2013, he pitched his startup idea, Flexport, onstage to Graham at a 2,000-person event that October. When a ship ran aground in the Suez Canal last March, Petersen demystified the situation on social media and in interviews, even publishing a supply chain explainer picture book for kids. Flexport has more than 10,000 clients and suppliers in 112 countries and doubled its revenue last year, bringing in $3.2 billion while reporting its first EBIT positive year. Any container ship on the West Coast, I guarantee we are on there.. Flexport raised $935 million led by venture capital firms Andreessen Horowitz and MSD Partners earlier this year at a valuation of $8 billion. Far, far from it. The platform arranges goods to be transported and tracks the inventory in real-time in orders carried by the ocean, air, and road freight, enabling logistics companies to optimize transportation routes and. But when theres peak season, or an artificial peak as were seeing right now, suddenly allocation management becomes extremely important.. That means faster arrivals and lower landed costs. Track cargoeven if other partners handle it. Buy fractional shares of fine art, collectibles, and more. Regulators: Flexport applies for and maintains licensure through regulatory bodies. You have a purpose. Walk into the offices of Flexport and Expeditors, a 40-year-old publicly traded freight forwarder with a market cap of about $19 billion, then strip away all the corporate logos and branding, and youd see that the operations look exactly the same, they claim. Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation. Ready for some unsettling news? Find the right balance of cost and speed for any shipment. An Oracle survey of 1,000 U.S. adults found that 87% reported being negatively affected by shipping struggles; half said theyd canceled an order in recent months. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. . Flexport has more than 10,000 clients and suppliers in 112 countries and doubled its revenue last year, bringing in $3.2 billion while reporting its first EBIT positive year. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Flexport Freight Forwarding Layoffs logistics personnel moves Softbank talent Startups Daily Crunch: Silicon Valley Bank goes bust regulators take control of $175B+ in deposits Haje Jan Kamps. Flexports goals go beyond having the lowest price; they want to provide the best software and systems to help clients book, track and pay for shipments. With tools to help optimize your modal mix and visibility down to the SKU, you can count on more predictable logistics. So he flew down to Los Angeles to see for himself. Flexport has raised a total of $2.4B in funding over 17 rounds. Clark said the tech openings, from entry-level to experienced ones, will be across the U.S. with a focus on Bellevue, Washington, a tech town that houses Amazon and Microsoft. Flexport has made 33 investments. Flexport is the company aiming to untangle those knots. CBI websites generally use certain cookies to enable better interactions with. We want to hear from you. So let's look at some potential difficulties investors may face if a Flexport IPO date occurs. Flexport currently has over 3,200 employees across the world, and now has a hybrid work policy, requiring employees to work for two to three days in the office. Petersens thread was quickly retweeted more than 15,000 times, including by Coinbase billionaire CEO Brian Armstrong. There are six layers to how he evaluates whether he is successfully prioritizing and meeting clients needs: Petersen is proud of Flexports company culture and has worked hard to keep that culture intact even as it grows to keep pace with demand. Flexport says its Transmission app shaves 40 minutes from ship to chassis. Pickup Trucks: With lines of semis now a familiar sight at major hubs, like these at the Port of Oakland, every minute counts. Discover how we're making the markets work for all investors. Please see Open to the Public Investings Fee Schedule to learn more. Digitization in the freight industry has been under way for years, with capital flooding into freight forwarders like Flexport, but the expense of upgrading legacy databases with digital tracking systems has slowed the transition. By 2018, Flexport added additional vertical integrations by adding freight financing, chartering its own planes, and operating its own warehouses. Even when importers are willing to pay a premium for a specific spot on a boat on a certain day, capacity has been so limited that no amount of premium payments are sufficient because the existing contracted space is the entire capacity of the transporter ships. Exclusive interview: Former Amazon consumer chief Dave Clark has a new job: co-CEO, and eventually sole CEO, of $8 billion-valued supply chain software startup Flexport. All Rights Reserved. In addition, 2021 was the company's first positive year in earnings before interest and taxes (EBIT). EPS of $0.53 beats by $0.06 | Revenue of $5.02B (-4.14% Y/Y) misses by $9.58M. Flexport has 29 investors. The company was founded in 2014 and is based in Chicago, Illinois. Order Management delivers orders to suppliers, who book shipments across a global logistics networkright in the Flexport Platform. Petersen remains as CEO and Schneberg is now the founder and leader of Flexports impact arm, Flexport.org. An indication of interest to purchase securities involves no obligation or commitment of any kind. For Flexport, it all means business is booming. Stocks and ETFs. 136.09K Follower s. Follow. CB Insights Intelligence Analysts have mentioned Flexport in 14 CB Insights research briefs, most recently on Nov 10, 2022. But as Flexports revenue doubled past $200 million, then $400 million, and Petersen kept spending to launch offices in ports from Hamburg to Shenzhen, he caught the eye of the worlds leading expert on brute-forcing ones way to dominant market share: SoftBank. Cumbersome, prone to error and lacking transparency for companies trying to include freight forwarding costs in their planning, Flexport sought to modernize and simplify the process. Investors need to know that all ventures have risks if they decide to go public shortly. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. U.S. Treasuries ("T-Bill") investing services on the Public Platform are offered by Jiko Securities, Inc. (JSI), a registered broker-dealer and member of FINRA & SIPC. The platform provides access to delivery tracking, automates customer processes, and estimated- time of arrival (ETA) accuracy with the help of its proprietary machine learning algorithm. Feb 7, 2022: Flexport Series E - Flexport . Petersen explained, "The earliest customers for Flexport we got via Google Adwords, SCO, and sign-ups. Market and economic views are subject to change without notice and may be untimely when presented here. Title At Company . The newest: Andreessen Horowitz, the prominent venture capital firm that joined Founders Fund, e-commerce standout Shopify and others in arming Petersen with a fresh $900 million war chest at an $8 billion valuation in January. Flexport International, LLC considers itself the OS of global trade. It tracks shipments for shippers and logistics service providers helping them leverage transportation to deliver better customer service. Global spending on logistics reached $9 trillion in 2020, about 11% of the worlds gross domestic product, according to consultancy Armstrong & Associates. I dont think we took a deep breath for three months, he says. Edit Jobs Section. He engages where a lot of executives wont. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (Public) or any of its subsidiaries. Customizable reporting and analytics let you find advantages and plan to expand. If they do end up exploring an IPO in the near future, investors should know all investments have risks. How much funding has this organization raised over time? What? Duis aute irure do, prehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. Get the full list, To view Flexports complete subsidiaries history, request access, To view Flexports complete exits history, request access, Morningstar Institutional Equity Research, Freight-forwarder monitoring and management systems and methods, System and methods for accurate price quoting and generation, Cargo management system and methods of managing cargo, Methods and systems for generating a digital shipping plan, Co-Founder, Co-Chief Executive Officer & Board Member, President of Flexport Ocean and Air & Chief Strategy Officer, Co-Chief Executive Officer & Board Member. This story appears in the February/March 2022 issue of Forbes Magazine. CNBC's Hugh Son joins 'Squawk Box' to report the latest on JPMorgan's acquisition of First Republic. Its death by 1,000 cuts.. He let go of 50 staffers, about 3% of Flexports workforce. Schneberg has a bachelors degree in economics from Humboldt University of Berlin and an MBA from University of California, Berkeley. But truthfully, Flexport competes with multiple freight forwarding companies that exist in online marketplaces that focus on winning the price war. Ordering pants, patio chairs, or a couch became a lot more complex amid the global supply chain mess of the last year. Sons $10 billion investment was on life support. Antidumping duties (ADD) are applied to goods that have been dumped into the U.S. market, sold at prices lower than what would be charged in the exporting countrys home market. Petersens older brother David stayed up all night building and managing an early online video-game community. Alternative Assets. What you need to know about a 2021 Flexport IPO, Open to the Public Investing, Inc. Copyright 2023 Public Holdings, Inc. All Rights Reserved. Empowering companies to connect with their retail investors. Where? Their latest investment was in Portao3 as part of their Seed VC on January 1, 2023. It is a licensed customs brokerage and freight forwarder built around a modern web application. See the full list of 2022 Disruptor 50 companies, Silicon Valley supply chain fixer Flexport tops the 2022 CNBC Disruptor 50 list, What happens after the crash for cash-burning tech companies, Where the billions being spent on autonomous vehicles is heading, Early Tesla investor bets on a logistics start-up, Where tech workers are finding buyers for private stock with IPO market shut, The Oculus VR headset creator joins the military, The company hoping to beat Warren Buffett's bet on dialysis, A very tall French warehouse robot coming for the jobs we can't reach, How America's towns and cities are getting a climate retrofit. Employees: Flexport aims to create a win-win situation for employees. Soon a team of 25 staff in China was sourcing PPE for Flexports relief efforts full-time. CNBC's 11th annual Disruptor 50 list will be revealed on-air and online this May. Plus Flexport's in-house experts across transportation, customs, cargo insurance, and working capital deliver an all-in-one solution for large global brands and small businesses alike. Historical or hypothetical performance results are presented for illustrative purposes only. Copyright 2023 CB Information Services, Inc. All rights reserved. Flexport's valuation in February 2022 was $7,065 - $8,000M. Petersens phone lit up with calls from policymakers like Gavin Newsom. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (Open to the Public Investing), a registered broker-dealer and member of FINRA & SIPC. Executive Offices 100 First Stamford Place Stamford, Connecticut 06902 (203) 363-7300 It primarily caters to the automotive, building materials, consumer goods, food and beverage, manufacturing, oil, gas, and chemicals, and retail industries. Ergobaby stays in control, while operations keep improving. You're more than your latest funding, tell our customers your company's story. And when the backup of ships waiting to unload at major ports reached a breaking point last fall, it was Petersen who showed up at the Port of Long Beach in California to charter a boat and tweet what he saw, prompting a viral response including a call from Governor Gavin Newsom and an overnight policy change to stack containers higher in local yards. One challenger with momentum is Chicago-based project44, a pure logistics data play which raised $420 million in January at a $2.6 billion valuation. Founder and CEO Ryan Petersen started Flexport in 2013 because he figured there had to be a better way to manage the flow of goods that get put on cargo ships, planes, trucks and railroads and transported all over the world. Organization Name . Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (Dalmore), member of FINRA & SIPC. Our presentation of non -GAAP financial measures may not be comparable to similar measures used by other companies. Flexports software analyzes and optimizes a customers supply chain, then automates it, often coming up with ways to shave days off delivery and save customers millions in late fees. The company is a global freight forwarder and modern logistics platform whose goal is to fix and improve user experience in global trade. So when Thiel announced his public support for Donald Trump, who was championing big new China tariffs during his presidential campaign, Petersen committed a startup sin. Today they have 10,000 clients in 200 countries. Goods from China to the U.S. now take more than a month longer to arrive than they did in 2019, while the cost of shipping a container has soared from under $2,000 pre-pandemic to more than $20,000 last summer (the current price is around $15,000). JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 par value (the T-bills value at maturity). All rights reserved. Apr. Much damage had already been done. According to Crunchbase, Flexport has raised a total of $1.3 billion in 4 rounds of funding. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. "This investment signals that the market recognizes the need for a tech-enabled logistics ecosystem that has the visibility and resilience to handle unexpected challenges of any scale," Petersen said in announcing the deal. Kevin Kwok has had 1 past job as the Summer Venture Analyst at IA Ventures. Which types of acquisition does this organization make most frequently. Its what the public wanted to see., As Petersen positions Flexport to go on offense when the shipping world returns (soon, one hopes) to some semblance of normalcy, hes eager to silence the doubters. Having already spent the first of SoftBanks $500 million, he realized he needed to shift course. The company reported consistent growth from around $30 million in 2014 to $1.7 billion in 2020. Flexport peak revenue was $471.0M in 2022. The Flexport platform streamlines supply chain workflows enabling real-time communication and data-backed decision-making. Use Forbes logos and quotes in your marketing. The founders of Flexport are Ryan Petersen and Susanne Schneberg. Collison was curious how the backup at Californias ports compared to mysterious bottlenecks in his world of online payments. (Reporting by Krystal Hu in New York; Editing by Leslie Adler), Over 40? Take care of your company, so you can take care of your customers, even in times of rapid change. With quick uplift to speed delivery, urgent shipments lift sales. Check the background of this firm on FINRAs BrokerCheck. tracked annually for greater shipment visibility. Petersen moved to China in 2005 for two years to source the product firsthand. For Flexport, there are 43 regulators in just the US who take an interest in imported products, and there are additional ones across the globe. Flexport is currently testing a new freemium service it will launch this year, one that provides free visibility, carbon tracking and messaging to users even if they dont run freight with Flexport. Graduating trilingual (English, Spanish and Portuguese) with an economics degree from the University of California, Berkeley, in 2002, Petersen initially pursued a global microlending career without success. For more information on risks and conflicts of interest, see these disclosures. The starting goal of Flexport was to fix the user experience in global trade. "Recruiting has been very challenging for the last couple of years. In 2021, the company moved roughly $19 billion in merchandise, and investors like the company's approach. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. But Petersen doesnt want to be seen as a pandemic profiteer, getting rich as his customers pay unprecedented prices. End Date T-bills are purchased at a discount to the par value and the T-bills yield represents the difference in price between the par value and the discount price. Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. With logistics partners in more than 80 countries, companies of any size can transport goods to and from more places with greater ease and agility. : When should you execute tasks that satisfy customer needs? Investors: Flexport works to earn a return on investment for their investors. For years, Petersen had tinkered with another idea, a TurboTax for customs paperwork, but he needed to clear a rigorous background check (smuggling is one concern) to move goods across the U.S. border. Demand is at a record highglobal trade volumes rose 8.3% in 2021, according to Allianz subsidiary Euler Hermes. Data is a real-time snapshot *Data is delayed at least 15 minutes. ODX Flexport is a highly specialized accelerator program exclusively for innovative and disruptive logistics . Container stacking had limited impact, Khachatryan says. Book, track and deliver freight shipments from factory floor to customer door. I wish I could look inside with a HoloLens to see which containers are Flexports, he says, imagining that Microsofts augmented-reality glasses had an X-ray feature. Flexport.org is a social good and sustainability initiative that partners with nonprofits shipping goods to areas of need, companies with excess goods to donate and companies that are looking for innovative ways to reduce carbon emissions. Tive provides real-time supply chain visibility insights to help logistics professionals manage their in-transit shipments' locations and conditions. This story appears in the February/March 2022 issue of Forbes Magazine. LPL Financial Member FINRA/SIPC 3 Notice to Investors: Non-GAAP Financial Measures Management believes that presenting certain non- GAAP financial measures by excluding or including certain items can be helpful t o investors and analysts who may wish to use this information to analyze the Listen to our daily live shows on the latest market news. 41on last year'sCNBC Disruptor 50list, has raised $2.2 billion to date. It works with at least 20 more across the globe. Which industries has this organization most actively invested in? Its team of logistics experts lets focus on core business by ensuring goods arrive at fulfillment/distribution centers on time and at the lowest cost. Forward-Looking Statements of Pfizer Inc. You can read more about your. Petersen grew up surrounded by entrepreneurs in Bethesda, Maryland, just inside D.C.s Capital Beltway. For Flexport, it all means business is booming. Molekule scales its stock by coordinating with suppliers in the Flexport Platform to ensure cargo-ready dates. Flexport: Digital Freight Forwarder & Customs Broker Flexport moves freight globally by air, ocean, rail, and truck for the world's leading brands. January 2018 invested in the Seed round of Elliot, April 2021 invested in the Series B round of Routable, May 2021 invested in the pre-Seed round of Flextock, May 2021 invested in the Series A round of Axle, June 2021 invested in the Series A round of Tajir.

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