Theo Wayt / The Information:

Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023  —  Flexport is raising $260 million from e-commerce software giant Shopify, one of its biggest shareholders …

Theo Wayt / The Information:

Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023  —  Flexport is raising $260 million from e-commerce software giant Shopify, one of its biggest shareholders …

Source: TechMeme
Source Link: http://www.techmeme.com/240119/p22#a240119p22