2019 Disruptor 50: No. 24 Flexport
Flexport provides data that helps customers analyze costs, container utilization and emissions and keep track of their supply chain. It includes support for smaller LCL shipments that bigger players often treat as low priority.
In February the six-year-old company announced a staggering $1 billion funding round led by SoftBank's Vision Fund, pushing its valuation up to $3 billion. Flexport founder Ryan Petersen says the money will be used to build additional warehouses and possibly to purchase another plane. It's also planning to hire additional engineers and hire more local experts in its markets around the globe. The company has 1,000 employees in 11 offices around the world.
As it builds out the business, the company is also sharing in its good fortunes. Its nonprofit arm — Flexport.org — provides subsidized logistics support for humanitarian relief, and a carbon calculator so customers can see the environmental impact of their shipments.
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