Flock Freight

Flock Freight

Logistics platform for terminal-free freight shipping

About Flock Freight

Simplify's Rating
Why Flock Freight is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

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.

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Funded Recently
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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

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
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$250M
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$1250M
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Airbnb

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

Headcount

6 month growth

↑ 0%

1 year growth

↓ -4%

2 year growth

↓ -2%
Finsmes
May 14th, 2025
Flock Freight Raises $60M in Series E Funding

Flock Freight raises $60M in Series E funding.

Business Insider
May 14th, 2025
Flock Freight Secures $60 Million Series E Funding to Continue Scaling Shared Truckload

Flock Freight secures $60 million Series E funding to continue scaling Shared Truckload.

Yahoo Finance
May 14th, 2025
Flock Freight secures $60M Series E

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.

ForexTV
Apr 9th, 2025
Flock Freight partners with Smart Freight Centre to measure and report Shared Truckload emissions in alignment with the GLEC Framework.

Flock Freight partners with Smart Freight Centre to measure and report Shared Truckload emissions in alignment with the GLEC Framework.

Stock Titan
Nov 15th, 2024
Digitalage Set to Disrupt $550 Billion News and Social Media Markets With Accelerated Platform Launch and Strategic Addition of Industry Leader Jeff Lerner to Advisory Board

Visionary Leader at Flock Freight: Grew the sales pipeline by over 600%, secured substantial venture capital, and earned the CNBC Disruptor 50 award.

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