Flock Freight Valuation, Funding & Investors
Flock Freight is valued at $1.3B as of October 2021.
Last Flock Freight valuation
$1.3B
Series D · Oct 2021
Last Flock Freight funding round
$60M
Series E · May 2025
Cumulative funding Flock Freight raised
$459M
across 6 funding rounds
Key investors in Flock Freight
SignalFire
GLP Capital Partners
GV
SoftBank Group
TenOneTen Ventures
Foundation Capital
About Flock Freight
Flock Freight is an Encinitas, California-based freight technology company operating the largest shared truckload (STL) brokerage in the United States. Its AI-powered platform uses algorithmic freight pooling to combine shipments from multiple shippers into full truckloads, letting shippers pay only for the space they use while keeping freight on a single truck, reducing handling, transit times, and damage compared with traditional less-than-truckload shipping. Founded in 2015, the company says its pooling model can cut shipping-related emissions by up to 40%.
Founded
2015
HQ
United StatesWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$1.3B (Oct 2021)
Flock Freight Valuation
Flock Freight is currently valued at $1.3B, based on its Series D in October 2021.
The $215M round was led by SoftBank Group, with participation from SignalFire, GV, Eden Global Partners, GLP Capital Partners, Susquehanna Growth Equity and 1 other investor.
Flock Freight's valuation has grown 2.6x from $500M at its Series C in December 2020 to $1.3B in October 2021, across 2 priced rounds.
Flock Freight valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series D | $1.3B |
| Dec 2020 | Series C | $500M |
Flock Freight Funding History
Flock Freight has raised a total of $459M across 6 funding rounds.
Flock Freight's first fundraising round was a $3M seed round in June 2016. The most recent completed round was a $60M Series E in May 2025.
Flock Freight funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2025 | Series E | O'Neil Strategic Capital (lead); Bracket Capital; SignalFire; GLP Capital Partners; Susquehanna Private Equity Investments | $60M | - | Flock Freight, the largest Shared Truckload (STL) freight brokerage in the U.S. based in Encinitas, CA, raised $60 million in its Series E funding round on May 14, 2025, led by O'Neil Strategic Capital with participation from Susquehanna Private Equity Investments LLLP, SignalFire, GLP Capital Partners, Bracket Capital, and others. The company operates an AI-powered platform that optimizes real-time shipment pooling in shared truckloads, enabling shippers to pay only for the space used while providing truckload-level service, cost savings, reliable delivery, and scalability amid freight recession and trade war challenges. Investors highlighted Flock Freight's strong growth trajectory and consistently growing double-digit gross margin profile despite significant freight market headwinds over recent years, demonstrating the Shared Truckload model's value for shippers and carriers. The funding aims to support long-term stability, continued expansion of the STL network, hiring of technologists and freight experts, enhanced enterprise integrations, deeper managed transportation partnerships, improved carrier tools, and further technological innovation to reduce friction in logistics. In connection with the round, Dean Carlson of Susquehanna Private Equity Investments joined the board as a Director, alongside Alex Garden of O'Neil Strategic Capital who joined the previous year. Flock Freight differentiates through its proprietary technology that keeps freight on the truck without consolidation, minimizing handling, transit times, damage risk, and improving service levels across its network. The investment underscores confidence in Flock's execution and potential for industry-wide adoption of STL amid sector consolidation and pivots by competitors. |
| Oct 2021 | Series D | SoftBank Group (lead); SignalFire; GV; Eden Global Partners; GLP Capital Partners; Susquehanna Growth Equity; Alphabet | $215M | $1.3B | Flock Freight is a technology company revolutionizing freight shipping through its carbon-neutral shared truckload (STL) service, which uses algorithmic freight pooling to combine shipments from multiple shippers into full truckloads, optimizing routes, maximizing trailer utilization, reducing emissions by up to 40%, and eliminating intermediate loading/unloading to minimize delays and damage. Founded in 2015 by CEO Oren Zaslansky and based in Encinitas, California, the company operates a digital platform that helps carriers fill trucks efficiently while providing sustainable supply chain solutions; it was named to CNBC's Disruptor 50 list in May 2021. On October 20, 2021, Flock Freight raised $215 million in a Series D funding round led by SoftBank Vision Fund 2, achieving unicorn status with a post-money valuation of $1.3 billion according to FreightWaves, while other sources describe it as over $1 billion. New investors included Susquehanna Private Equity Investments and Eden Global Partners, with participation from existing backers SignalFire, GLP Capital Partners, and GV (Alphabet's venture arm). This followed a $113.5-114 million Series C in late 2020 led by SoftBank Vision Fund 2 at around $463.5-500 million valuation, a $50 million Series B in February 2020 co-led by GLP Capital Partners and SignalFire, and earlier $40 million funding. The proceeds were earmarked for advancing its patent-pending shared truckload technology, expanding sales and operations, hiring talent, and opening a new Chicago office by year-end. FreightWaves noted 325% year-to-date revenue growth leading into the round. The company had raised nearly $400 million total by this point, positioning it among San Diego-area unicorns. |
| Dec 2020 | Series C | SoftBank Group (lead); SignalFire; GV; Volvo Group Venture Capital; GLP Capital Partners | $114M | $500M | Flock Freight is a digital logistics platform founded in 2015 that uses proprietary algorithmic pooling technology to enable shared truckload shipping. The company's platform allows less-than-truckload (LTL) shippers to combine freight from multiple customers into a single full truckload, reducing costs and environmental impact while improving service quality and trailer utilization. In December 2020, Flock Freight closed a $113.5 million Series C round led by SoftBank Vision Fund 2, with participation from existing investors SignalFire, GLP Capital Partners, and Google Ventures (GV), plus new strategic investor Volvo Group Venture Capital. The round valued the company at $500 million post-money, bringing total fundraising to $184 million at that time. The company had grown rapidly during the COVID-19 pandemic, expanding from 50 employees in early 2020 to 130 by the time of the Series C, and was experiencing 4x revenue growth in 2020. The funding was earmarked for hiring additional employees and scaling operations. Flock Freight's customer base included over 1,200 SMB customers and approximately 100 middle-market and enterprise clients, and the company had increased margins by 15 percent during 2020. SoftBank and the other investors were attracted by Flock Freight's mission to disrupt traditional freight transportation and its patent-pending technology that promised significant operational and environmental benefits. |
| Feb 2020 | Series B | GLP Capital Partners (lead); SignalFire (lead) | $50M | - | Flock Freight is a hubless business-to-business freight logistics company offering Shared Truckload (STL) services through its FlockDirect platform, which pools freight from multiple shippers into multi-stop truckloads for efficiency, lower emissions, and cost savings without traditional hubs. The company announced a $50M Series B funding round on February 25, 2020, co-led by SignalFire and GLP Capital Partners. This followed a prior $40M raise from investors including GV, SignalFire, Foundation Capital, and Karmel Capital. The round aimed to disrupt the less-than-truckload freight market by enhancing its technology for better customer experience and efficiency. Subsequent rounds provide context: a Series C in December 2020 raised $114M (or $113.5M per some reports) led by SoftBank Vision Fund 2 with participation from GV, GLP Capital Partners, SignalFire, and Volvo Group Venture Capital at a $500M post-money valuation. A Series D in late 2021 raised $215M led by SoftBank Vision Fund 2, achieving unicorn status with valuations reported variably as $1bn or $1.3bn post-money. Traction highlights around later rounds include 4x year-over-year revenue growth, improved contribution and gross margins, 97.5% on-time delivery, and low damage rates as of the Series C announcement. By Series D, the company reported 325% year-to-date revenue growth. Flock Freight continued scaling with a $60M Series E in May 2025 led by O’Neil Strategic Capital, alongside Susquehanna Private Equity Investments, SignalFire, GLP Capital Partners, and others, focusing on its AI-powered pooling technology amid freight market challenges. Total funding reached approximately $460M-$500M across nine rounds by 2025. |
| Oct 2017 | Series A | GV (lead); SignalFire; TenOneTen Ventures; Schematic Ventures; Foundation Capital | $18M | - | - |
| Jun 2016 | Seed | SignalFire (lead); TenOneTen Ventures; Kortschak Investments L.P. | $3M | - | - |
Who has invested in Flock Freight?
15 investors have backed Flock Freight across its funding rounds, including SignalFire, GLP Capital Partners, GV, SoftBank Group, TenOneTen Ventures and Foundation Capital.
Lead investors include O'Neil Strategic Capital, SoftBank Group, GLP Capital Partners, SignalFire and GV.
Flock Freight Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 6 | Lead | Jun 2016 | |
| Los Angeles, CA | 4 | Lead | Feb 2020 | |
| San Francisco, CA | 3 | Lead | Oct 2017 | |
 Tokyo | 2 | Lead | Dec 2020 | |
| Los Angeles, CA | 2 | Participant | Jun 2016 | |
| Los Angeles, CA | 1 | Participant | May 2025 | |
| Los Angeles, CA | 1 | Lead | May 2025 | |
| New York City, NY | 1 | Participant | Oct 2021 | |
| San Francisco, CA | 1 | Participant | Oct 2017 | |
 Gothenburg | 1 | Participant | Dec 2020 | |
| San Francisco, CA | 1 | Participant | Oct 2017 | |
| Philadelphia, PA | 1 | Participant | Oct 2021 | |
| Aspen, CO | 1 | Participant | Jun 2016 | |
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Start Free TrialFlock Freight Competitors
Flock Freight competitors include listed companies like Transfar Zhilian Co and Delhivery, and private ones like Loadsmart, Saic Anji Logistics Co., Ltd, Xpressbees and EasyPost.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Chicago, IL | Private | - | - | $1.3B | - | |
 China | Private | - | - | $1.4B | - | |
 Pune | Private | $271M | - | $1.4B | 5.2x | |
| Salt Lake City, UT | Private | - | - | $1.5B | - | |
| China | Publicly listed | $3.7B | $258M | $1.9B | 1.3x | |
| India | Publicly listed | $1.1B | $80M | $3.4B | 2.7x |
Flock Freight Public Comps
Flock Freight is still privately-owned, but its public comps include Wuxi Boton Technology, SBS Holdings, Freightways Group, KLN Logistics Group, Irish Continental Group, Blue Dart Express, Dazhong Transportation, Shanghai Foreign Services, Blackbuck and Fukuyama Transporting.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $516M | $55M | 2.4x | - | 22.6x | - | |||
| $3.2B | $226M | 0.6x | 0.5x | 8.5x | 7.2x | |||
| $841M | $160M | 2.0x | 1.9x | 10.3x | 9.9x | |||
| $7.2B | $561M | 0.3x | - | 4.2x | - | |||
| $768M | $173M | 2.1x | 2.1x | 9.3x | 9.3x | |||
| $640M | $98M | 1.9x | 1.8x | 12.6x | 16.1x | |||
| $332M | $132M | 4.8x | - | 12.2x | - | |||
| $3.6B | $149M | 0.1x | 0.1x | 1.9x | 2.0x | |||
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Common questions about Flock Freight
| When was Flock Freight founded? | Flock Freight was founded in 2015. |
| Where is Flock Freight headquartered? | Flock Freight is headquartered in United States. |
| Is Flock Freight publicly listed? | No, Flock Freight is a private, VC-backed company. |
| What is Flock Freight's valuation? | Flock Freight was last valued at $1.3B in its Series D in October 2021. |
| How much funding has Flock Freight raised? | Flock Freight has raised $459M across 6 funding rounds. |
| What was Flock Freight's last funding round? | Flock Freight's last funding round was a $60M Series E in May 2025, led by O'Neil Strategic Capital. |
| Who are Flock Freight's investors? | Flock Freight's investors include SignalFire, GLP Capital Partners, GV, SoftBank Group, TenOneTen Ventures, Bracket Capital, O'Neil Strategic Capital, Eden Global Partners, Schematic Ventures, Volvo Group Venture Capital and 5 others. |
| Which companies are comparable to Flock Freight? | Companies comparable to Flock Freight include Loadsmart, Saic Anji Logistics Co., Ltd, Xpressbees, EasyPost, Transfar Zhilian Co and Delhivery. |
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