Logistics tech firm Flock Freight turns unicorn after SoftBank-led funding

SoftBank shares jump 10% on $9 billion buyback
SoftBank shares jump 10% on $9 billion buyback   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p> – U.S. logistics technology firm Flock Freight said on Wednesday it had reached a valuation of more than $1 billion, after raising $215 million in a funding round led by SoftBank Vision Fund 2.</p> <p>New and existing investors including Susquehanna Private Equity Investments, Eden Global Partners, SignalFire and Alphabet Inc’s GV also participated in the funding round, the company said.</p> <p>Flock Freight, founded in 2015 by Chief Executive Officer Oren Zaslansky, helps freight carriers fill up trucks with goods from different companies, removing the need for terminals. </p> <p>The company said it would use the latest infusion of funds to invest in its truckload technology, and expand existing operations and hire more employees. </p> <p>Flock Fright plans to open a new office in Chicago later this year. </p> <p/> </div>