![]() In what's effectively a strategic partnership between the two companies, Flexport will become the official logistics partner of Shopify and the preferred provider for Shop Promise, a badge that lets customers know that their order is guaranteed to arrive in five days or less. It was valued at $8 billion in a funding round in early 2022.Ĭurrently, Flexport's CEO is Dave Clark, the former CEO of Worldwide Consumer at Amazon, who was largely responsible for building Amazon's own massive logistics network.Īs part of the deal, Shopify will get a 13% stake in Flexport on top of its previous stake and will have the ability to name a director to Flexport's board. The privately held company's revenue more than doubled in 2021 to reach $3.2 billion and it reported a positive operating profit. It offers a high-tech platform that gives customers real-time visibility over their shipments and enables them to optimize their inventory and manage their supply chain more effectively.įounded in 2013, Flexport has more than 10,000 customers today, many of whom overlap with Shopify. ![]() What is Flexport?įlexport is a logistics fulfillment and technology company that ships goods globally. It's finding a strategic partner and moving the heavy expenses associated with logistics off its books. Shopify isn't folding its ambitions in logistics by any means. While the decision to sell Deliverr to Flexport may sound like a failure of its original plan to move deeper into logistics and fulfillment, selling to Flexport looks like a win-win.
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