Flock Freight

Flock Freight, formerly known as AuptiX, is the only hubless business-to-business freight logistics company, is transforming the freight industry.

Flock Freight hosts a marketplace that pools less-than-truckload (LTL) and partial-truckload (PTL) freight shipments so that they can be shipped via a full truckload service.

Flock Freight was founded in 2015 by Oren Zaslansky. The company is headquartered in Encinitas, California, with an office in Chicago, Illinois.

 

Flock facilitates the travel of shipments on trucks to their intended destinations, eschewing the traditional hub-and-spoke freight transit model, for LTL. In the case of PTL, the platform finds as many as ten trucks along a single route and pools them into a single truckload to maximize savings.

 

Flock's machine learning-based product, FlockDirect, pools less-than-truckload freight consisting of a few pallets together to create full truckloads. It optimizes routes by pooling freight heading in the same direction so that trucks only stop at each drop-off, avoiding traditional terminals.

 

Flock Freight has pooled close to 20,000 shipments. The company's customeers include mid-market and enterprise companies such as Berlin Packaging, Blue Diamond Almonds, Mueller Industries, Nature’s Bounty, and Tuft & Needle.

 

Flock is backed by GV, SoftBank Vision Fund 2, SignalFire, Susquehanna Private Equity Investments, GLP Capital Partners, Volvo Group Venture Capital, Eden Global Partners, and others. The company raised $215M in Series D round on Oct 20, 2021. This brings Flock Freight's total funding to $399M to date. The latest round mints Flock Freight a unicorn with a valuation of $1.3B post-money.

 

 

  • Year founded: 2015
  • Funding Info: $399M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $1.3B as of Oct 20, 2021
  • City/Town: Encinitas
  • State: California
  • Country: United States
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