US-based logistics services provider Flexport has secured $6.9m for a seed round featuring Google Ventures and Bloomberg Beta, the respective corporate venturing units of internet company Google and media company Bloomberg.
The round included 34 angel investors, as well as Acqequia Capital, A-Grade Investments, Box Group, Cherubic Ventures, Fuel Capital, First Round Capital, Funders Club, Hydrazine Capital, Inside Capital, Kindling Capital, Lunch Van Fund, Susa Ventures, SV Angel, TYLT Lab, Winklevoss Capital and Y Combinator.
Flexport provides a web application that enables companies to simplify logistics for global trade, offering freight price comparison and the ability to book shipments, route cargo, and manage their inventory.
The platform integrates hundreds of air, ocean and land freight providers and enables the real-time co-ordination of shipments. Flexport will use the seed funding to support engineering, marketing and customer service efforts. as well as to seek out partnerships.