Flock Freight, an Encinitas CA-based freight shipping technology company, raised $215M in Series D funding, with a valuation of over $1 billion.
The round was led by SoftBank Vision Fund 2 with participation from Susquehanna Private Equity Investments, Eden Global Partners and existing investors including SignalFire, GLP Capital Partners, and GV (formerly Google Ventures).
The company intends to use the funds to further invest in its patent-pending shared truckload technology that drives algorithmic freight pooling for more sustainable, efficient shipping and continue to expand its talent and operations, especially in its new Chicago office that is set to open this year.
Led by Oren Zaslansky, CEO and founder, Flock Freight is a a freight shipping technology Certified B Corporation with a carbon-neutral shared truckload (STL) service.
Its STL solution, FlockDirect, uses proprietary technology to pool shipments that are traveling the same direction onto one truck and eliminates the need for terminals. Through this efficiency and a partnership with Carbonfund.org, the company creates a carbon-neutral shipping experience. Flock Freight says it has eliminated over 15,000 tons of emissions to date and is on track to exceed its goal of 20,000 tons of CO2e saved in 2021.
Flock Freight also has an additional office in Chicago, IL.
