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Flock Freight
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Logistics platform for terminal-free freight shipping
Flock Freight
Work Here?
Logistics platform for terminal-free freight shipping
About Flock Freight
Industries
Data & Analytics
Automotive & Transportation
Company Size
201-500
Company Stage
Series E
Total Funding
$459M
Headquarters
Encinitas, California
Founded
2015
Overview
Flock Freight operates in the freight shipping industry with a focus on improving the shipping process through its patented platform called FlockDirect®. This platform eliminates the need for terminals, which are typically used as transfer points in shipping, leading to faster delivery times and reduced damage to goods. By combining multiple shipments into a shared truckload, Flock Freight enhances efficiency for shippers and increases profitability for carriers. This model is especially advantageous for businesses with weight constraints, allowing them to save significantly on shipping costs. Flock Freight serves a diverse clientele, from small businesses to large corporations, and generates revenue by charging for its freight shipping services, offering competitive pricing due to the cost savings from its terminal-free approach. The company's goal is to streamline freight shipping, making it more efficient and cost-effective for all parties involved.
Simplify's Take
What believers are saying
- Recent $60M Series E funding supports growth and technology integration.
- Partnerships with Oracle and Banyan Technology expand shipper access to their services.
- Recognition as a CNBC Disruptor 50 highlights their innovative market position.
What critics are saying
- Departure of CRO Orlando Baeza may indicate internal instability.
- Rapid sales growth could strain logistics and technology infrastructure.
- Increased operational costs from sustainability focus may impact profitability.
What makes Flock Freight unique
- Flock Freight uses algorithmic pooling to eliminate inefficiency in freight shipping.
- Their FlockDirect platform offers terminal-free shipping, reducing damage and speeding delivery.
- The company provides cost savings up to 20% compared to traditional truckload shipping.
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Funding
Total Funding
$459M
Above
Industry Average
Funded Over
6 Rounds
SoftBankIndustry standards
Benefits
Unlimited PTO
Ownership: stock options
401k
Insurance: health, dental, vision
Commuter Benefits
Paid Parental leave
Office amenities: cold brew and kombucha on tap, intramural sports, surf club, and free lunch
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -4%2 year growth
↓ -2%Flock Freight raises $60M in Series E funding.
Flock Freight secures $60 million Series E funding to continue scaling Shared Truckload.
Flock Freight has secured a $60M Series E funding round led by O'Neil Strategic Capital, with participation from Susquehanna Private Equity Investments and others. The company is committed to its Shared Truckload (STL) technology, which optimizes freight efficiency by pooling shipments. The funding will support hiring, integration capabilities, partnerships, and carrier engagement. Dean Carlson from Susquehanna will join the board. Despite industry challenges, Flock Freight is maintaining its course.
Flock Freight partners with Smart Freight Centre to measure and report Shared Truckload emissions in alignment with the GLEC Framework.
Visionary Leader at Flock Freight: Grew the sales pipeline by over 600%, secured substantial venture capital, and earned the CNBC Disruptor 50 award.
Flock Freight is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Flock Freight
Industries
Data & Analytics
Automotive & Transportation
Company Size
201-500
Company Stage
Series E
Total Funding
$459M
Headquarters
Encinitas, California
Founded
2015
Flock Freight is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today