Flexport raises $935 mn led by Andreessen Horowitz and MSD

Flexport, the platform for logistics, has raised $935 million in a Series E investment round led by Andreessen Horowitz and MSD Partners.
Dollar spending on technologyThere was a strategic investment from Shopify. There was participation from existing partners DST Global, Founders Fund, SoftBank Vision Fund 1, and other investors including Kevin Kwok.

Flexport will be using the VC funding to accelerate development of its technology platform for logistics, expand into new geographies and markets, and further the logistics tech ecosystem by investing in and partnering with new companies in the space.