History of Flexport in Timeline

By Popular Timelines Editorial Team · Updated: May 7, 2025

Flexport is a multinational corporation specializing in supply chain management and logistics. Based in San Francisco, it provides services like order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage. With thousands of employees, the company generates annual revenues exceeding $3.3 billion. Flexport leverages technology to streamline and optimize global trade processes.

May 2015: Projected $60 Million in Sales

In May 2015, Flexport told Chinese media outlet 36Kr that they were on pace to generate $60 million in sales for 2015.

July 2016: 420 Employees in Seven Offices

In July 2016, Flexport had 420 employees across seven offices, including locations in Atlanta, Amsterdam, Hong Kong, and Shenzhen, and the company was valued at $365 million.

2017: Raised $304M, including $110M in a Series C round

In 2017, Flexport had raised $304 million, including $110 million in a Series C funding round. The company's software integrates and connects ERP data from various companies involved in a supply chain, allowing them to manage cargo information and streamline freight processing.

2017: Opening Warehouses in Hong Kong and L.A.

In 2017, Flexport had raised $94 million in venture capital. CEO Ryan Petersen announced plans to open warehouses in Hong Kong and L.A. to consolidate customer cargo shipments, aiming to build a global network for cargo handling.

2020: Announced Layoffs During COVID-19 Pandemic

In 2020, during the COVID-19 pandemic, Flexport announced layoffs, joining other Silicon Valley tech startups in reducing their workforce.

2021: Participated in Seed Round Investment of Pakistan-based Trucking Startup Bridgelinx

In 2021, Flexport participated in a seed round investment of Bridgelinx, a trucking startup based in Pakistan.

June 2022: Dave Clark Joins Flexport as CEO

In June 2022, Flexport announced that Dave Clark, former Amazon worldwide consumer chief, would become the new CEO of Flexport.

May 2023: Shopify Sold its logistics service to Flexport

In May 2023, Shopify sold its logistics service to Flexport in exchange for 13% of the company.

September 2023: Ryan Petersen Reinstated as CEO

In September 2023, Dave Clark resigned from his position as CEO after one year, and founder Ryan Petersen, who was then executive chair, regained the CEO role. Upon his return, Petersen rescinded dozens of job offers.

November 2023: Flexport Purchased the Assets of Convoy

In November 2023, Flexport purchased the assets of Convoy, a former trucking software company that had previously been valued at over $1 billion but had recently shut down operations.