Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

Softbank Is A Lead Investor In Flexport, A Logistics Startup

Posted on March 3, 2019 By ZMR NEWS No Comments on Softbank Is A Lead Investor In Flexport, A Logistics Startup

The Vision Fund of SoftBank recently made one of the largest investments in start-ups yet. It will look to lead a round of $1 billion in a global freight-moving company. The news was made public by Flexport. The company envisions itself as one of its kind and has cleverly termed itself as “modern freight forwarder”. They made the financing announcement on Thursday and expressed the expectations of the closure of the deal within second quarter of the ongoing year, following regulatory approval.

Softbank Is A Lead Investor In Flexport, A Logistics Startup

Just a day before the announcement of this funding, the Vision Fund of SoftBank has made an investment worth $200 million in the start-up Clutter, which is concerned with physical storage. Vision Fund, which is worth nearly a $100 billion, has been writing massive checks in favor of companies that are fast-growing companies and revolutionizing old industries by applying new technology to them, be it Uber in the case of ride-hailing, WeWork in the real estate industry or DoorDash in the industry of food delivery.

In Flexport’s case, the company uses all avenues like rail, truck, air and ocean to move freight. It handles the packages, along with all the required customs information. The technology at Flexport maintains data that facilitates customer analysis of emissions, container utilization as well as costs, and also keeps a track of the company’s supply chain. Further, it encompasses support for smaller Less than Full Container (LCL) shipments, which are often treated low in the priority list by other bigger players.

According to Ryan Peterson, who is the CEO of Flexport, their business is absolutely scale-driven, making it the modus operandi of SoftBank. He further reiterated that SoftBank aims at driving and injecting scale into the bloodstream of companies, helping them go faster. Petersen also ensured the terms to be “clean” as well as “founder friendly,” as SoftBank gets one board seat that’s taken by Michael Ronen who’s the managing partner for the company, with no other additional preferences applied to its shares.

Business Tags:A Logistics Startup, Softbank Is A Lead Investor In Flexport

Post navigation

Previous Post: Pressure Mounts On Google And Facebook To Stop Anti-Vax Conspiracy Theories
Next Post: Blue Origin Taking Lessons From New Shepherd

Related Posts

AT&T’s Stock Drops Down As The Company Misses Expected Revenue Targets Business
Jerome Powell Says “Won’t Resign” Business
Moffett-Forklift Why is it essential to have various Kinds of Moffett Forklifts? Business
Europe’s Largest Bank Reports Profit For Quarter Jumped By 31% Business
Amid Brexit Worries, Banks Lower Growth Estimates Business
Oversupply Will Keep Oil Prices Under Pressure At The Beginning Of 2019 Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme