What is Flock Freight?
Founded in 2015, Flock Freight is at the forefront of transforming the supply chain through advanced technology. The company specializes in optimizing freight shipping by intelligently matching locations, schedules, and compatible shipments to pool freight at scale. Its patented technology enables the consolidation of billions of potential shipping combinations, leading to fuller trucks and more efficient routes. Notably, Flock Freight is recognized as one of the first freight shipping companies to achieve B Corporation certification, highlighting its commitment to sustainability. Its solutions have been shown to reduce carbon emissions by up to 40% compared to conventional shipping methods. The company's innovative approach has garnered industry-wide recognition, including being named one of TIME's Most Influential Companies and a CNBC Disruptor 50.
How much funding has Flock Freight raised?
Flock Freight has raised a total of $456.5M across 5 funding rounds:
Series A
$18M
Series B
$50M
Series C
$113.5M
Unspecified
$215M
Series E
$60M
Series A (2017): $18M with participation from GV, TenOneTen Ventures, SignalFire, Foundation Capital, and Schematic Ventures
Series B (2020): $50M led by GLP Capital Partners and SignalFire
Series C (2020): $113.5M supported by GLP Capital Partners LP, Google Ventures, Volvo Group Venture Capital, SignalFire, and SoftBank Group
Unspecified (2021): $215M featuring Eden Global Partners, GLP Capital Partners, SoftBank Group, Susquehanna Private Capital, SignalFire, and GV
Series E (2025): $60M backed by SignalFire, O’Neil Strategic Capital, and Bracket Capital
Key Investors in Flock Freight
SignalFire
SignalFire is a venture capital firm designed as a technology company, focused on igniting growth for early-stage teams through data, AI, and expert support. They provide a range of services from portfolio support to strategic insights across various sectors including healthtech, fintech, and cybersecurity. With a proprietary AI platform, Beacon AI, they offer tools for talent acquisition and market intelligence. Their commitment to exceeding expectations has led to significant assets under management and a high level of satisfaction among portfolio founders.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations. GV operates globally with presence across North America, Europe, Asia, and South America, providing financial backing to promising startups and growth-stage businesses. The firm maintains a diverse investment portfolio spanning technology, healthcare, and various other industries.
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide. The company leverages its global investment platforms, including the SoftBank Vision Fund, to identify and back businesses that have the potential to shape the next phase of the Information Revolution. With a focus on long-term growth, technological advancement, and industry leadership, SoftBank Group combines strategic capital, operational expertise, and a forward-looking vision to foster innovation and create lasting value across its global network of companies.
What's next for Flock Freight?
With the recent influx of $60M in strategic investment, Flock Freight is poised for accelerated growth and enhanced operational capabilities. This capital infusion is likely to support the company's ongoing efforts to scale its technology, expand its market reach, and further develop its sustainable logistics solutions. The company's focus on innovation, coupled with its strong environmental, social, and governance (ESG) credentials, positions it favorably to capture a larger share of the logistics market and drive further advancements in supply chain efficiency and sustainability.
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