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Flock Freight raises $60M in Series E funding to enhance its shared truckload model, led by ONeil Strategic Capital.

May 14, 20257 months ago

Amount Raised

$60 Million

Round Type

series e

EncinitasLogisticsTransportation

Investors

Glp Capital PartnersSignal FireSusquehanna Private Equity InvestmentsO Neil Strategic Capital

Description

Flock Freight has announced a $60 million Series E funding round, reinforcing its commitment to shared truckload technology. The funding, led by ONeil Strategic Capital and joined by investors such as Susquehanna Private Equity Investments, SignalFire, and GLP Capital Partners, underscores Flock Freight's determination to optimize freight efficiency. The Series E funding will support Flock Freight's initiatives to hire top technologists and expand integration capabilities. Dean Carlson from Susquehanna International Group will join Flock Freight's board to assist in its growth.

Company Information

Company

Flock Freight

Location

Encinitas, California, United States

About

Flock Freight is a logistics technology company that focuses on optimizing freight efficiency through its innovative Shared Truckload (STL) model. This model allows shippers to pay only for the space they use, leading to better service and lower costs. The company utilizes an AI-powered optimization engine to enhance load efficiency, making it a leader in the FreightTech sector. Flock Freight is committed to advancing its technology to create a more sustainable freight industry.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech