Venture Capital
Flexport Inc. said Monday it inked a $935 million Series E funding round led by Andreessen Horowitz and MSD Partners in a deal that values the San Francisco-based logistics software company at about $8 billion. Other investors include Shopify , and existing partners DST Global, Founders Fund, SoftBank Vision Fund 1, and Kevin Kwok. Flexport founder and CEO Ryan Petersen said the investment "signals that the market recognizes the need for a tech-enabled logistics ecosystem that has the visibility and resilience to handle unexpected challenges of any scale."