Flock Freight Raises $215M in Series D

Flock Freight has successfully raised $215M in a Series D at a $1.7B valuation led by Google Ventures, SignalFire, Cherubic Ventures, Future Shape, Highway 12 Ventures.

Company Overview

Flock Freight is a Logistics company headquartered in 12760 High Bluff Drive, San Diego, CA 92130, founded in 2015 with 400+ employees.

Shared truckload freight shipping

Fundraising Details

Amount Raised: $215M
Round Type: Series D
Valuation: $1.7B
Date: 2024-03-11
Investors: Google Ventures, SignalFire, Cherubic Ventures, Future Shape, Highway 12 Ventures

About Flock Freight

Shared truckload freight shipping The company is positioned in the Logistics sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 12760 High Bluff Drive, San Diego, CA 92130
Founded: 2015
Team Size: 400+
Industry: Logistics

What This Means

This funding round demonstrates strong investor confidence in Flock Freight's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Flock Freight's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.7B valuation marks an important milestone for Flock Freight, positioning the company among notable players in the Logistics industry.

Looking Ahead

With this new capital, Flock Freight is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-11. For more information about Flock Freight, visit their headquarters at 12760 High Bluff Drive, San Diego, CA 92130.