Category Archives: Freight Forwarding

Zencargo raises $42M to expand its digital-first freight forwarding platform internationally

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While consumers and businesses continue to use their purchasing power to spin the wheels of the globalized economy, one of the companies that’s built a technology platform to help that economy operate more smoothly is announcing an investment to double down on growth. Zencargo, which has built a digital platform to enable freight forwarding — […] Continue reading Zencargo raises $42M to expand its digital-first freight forwarding platform internationally→

Layoffs hit another Softbank co as $3.2B Flexport cuts 50

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Fearing weak fundraising options in the wake of the WeWork implosion, late stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80% of staff laid off), Wag (80%+),  Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) that have all cut staff to slow their burn rate and reduce […] Continue reading Layoffs hit another Softbank co as $3.2B Flexport cuts 50→

Logistics startup Zencargo raises $20M to take on the antiquated business of freight forwarding

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Move over, Flexport. There is another player looking to make waves in the huge and messy business of freight logistics. Zencargo — a London startup that has built a platform that uses machine learning and other new technology to rethink how large shipping companies and their customers manage and move cargo, or freight forwarding as […] Continue reading Logistics startup Zencargo raises $20M to take on the antiquated business of freight forwarding→

Flexport’s epic plan to build a freight empire with its $110M raise

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 “We’re actually out here trying to create value, not just give venture capital money away” says Flexport CEO Ryan Petersen. “It’s counterintuitive. The more the business works, the more cash it needs.” That’s because Flexport doesn’t ship bits, it ships atoms. Lots of them. Flexport is a freight forwarding logistics network. If you produce a… Read More Continue reading Flexport’s epic plan to build a freight empire with its $110M raise→

Flexport CEO expresses some remorse in taking cash from Peter Thiel

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megan (2 of 1) Remember when we found out billionaire investor Peter Thiel is in support of Republican presidential candidate Donald Trump? At TechCrunch Shanghai 2016, Flexport CEO Ryan Peterson, who has received significant funding from Thiel, candidly spoke about his discomfort around Thiel’s backing of Trump. “I don’t know what’s going on there,” Peterson told me on stage… Read More Continue reading Flexport CEO expresses some remorse in taking cash from Peter Thiel→