Flock Freight Soars with $60 Million Series E Funding
May 22, 2025, 9:33 am
Location: United States, California, Encinitas
Employees: 201-500
Founded date: 2015
Total raised: $223.5M
Location: United States, California, West Hollywood
Employees: 1-10
Founded date: 2017
Flock Freight is on the rise. The Encinitas, California-based company has just secured $60 million in Series E funding. This infusion of capital is a significant leap forward for the largest Shared Truckload (STL) freight brokerage in the United States. Led by O’Neil Strategic Capital, the funding round also saw participation from notable investors like Susquehanna Private Equity Investments, SignalFire, GLP Capital Partners, and Bracket Capital.
The freight industry is in a state of flux. Economic pressures, trade wars, and a prolonged freight recession have left many shippers searching for cost-effective solutions. Flock Freight stands out in this crowded landscape. Their innovative approach to logistics is not just a band-aid; it’s a long-term strategy. The company’s STL service allows shippers to move freight as soon as it’s ready, providing truckload-level service while only paying for the space they use. This model translates to significant cost savings and reliable delivery, making it a compelling choice for businesses of all sizes.
At the heart of Flock Freight’s success is its AI-powered pooling technology. This patented system optimizes shipments across a vast network, combining loads from thousands of businesses into efficient Shared Truckloads. Every day, the Flock platform evaluates trillions of potential combinations in near real-time. This not only maximizes cost savings but also enhances profitability for both shippers and carriers. As the network grows, so does the data, creating a feedback loop that continually improves Flock’s technology.
The new funding will be pivotal for Flock Freight. The company plans to expand its operations and enhance its technology. This includes developing new integrations, improving cargo security measures, and refining pooling capabilities. The goal is clear: make it easier for shippers and carriers to do business. With the right technology, Flock aims to streamline the shipping process, reducing overhead costs and increasing revenue for its partners.
Flock Freight’s growth trajectory is impressive. Despite significant headwinds in the freight market, the company has maintained a strong double-digit gross margin profile. This resilience speaks volumes about the value of Shared Truckload services. As businesses grapple with fluctuating market conditions, Flock Freight offers a stable solution. The company’s ability to adapt and thrive is a testament to its innovative approach.
New board members will also play a crucial role in Flock’s future. Dean Carlson from Susquehanna Private Equity Investments and Alex Garden from O’Neil Strategic Capital will join the board, bringing fresh perspectives and expertise. Their involvement signals confidence in Flock’s vision and strategy. With their guidance, Flock Freight is poised to navigate the complexities of the freight industry.
The demand for efficient shipping solutions is rising. As businesses seek to optimize their supply chains, Flock Freight’s STL service becomes increasingly relevant. The ability to combine shipments into a single load not only saves money but also reduces the carbon footprint. In an era where sustainability is paramount, Flock Freight’s model aligns with the growing emphasis on eco-friendly practices.
Flock Freight is not just about technology; it’s about relationships. The company collaborates closely with its carrier partners, ensuring that every shipment is handled with care. This partnership approach fosters trust and reliability, essential elements in the logistics industry. As Flock expands its network, it continues to build strong ties with carriers, enhancing service quality and operational efficiency.
The future looks bright for Flock Freight. With the new funding, the company is well-positioned to scale its operations and enhance its offerings. The focus on technology and partnerships will drive growth and innovation. As the freight landscape evolves, Flock Freight is ready to lead the charge.
In conclusion, Flock Freight’s recent $60 million Series E funding is more than just a financial boost; it’s a catalyst for growth and innovation. The company’s commitment to optimizing freight logistics through technology and strategic partnerships sets it apart in a competitive market. As demand for efficient shipping solutions continues to rise, Flock Freight is poised to redefine the future of freight transportation. The road ahead is filled with opportunities, and Flock Freight is ready to seize them.
The freight industry is in a state of flux. Economic pressures, trade wars, and a prolonged freight recession have left many shippers searching for cost-effective solutions. Flock Freight stands out in this crowded landscape. Their innovative approach to logistics is not just a band-aid; it’s a long-term strategy. The company’s STL service allows shippers to move freight as soon as it’s ready, providing truckload-level service while only paying for the space they use. This model translates to significant cost savings and reliable delivery, making it a compelling choice for businesses of all sizes.
At the heart of Flock Freight’s success is its AI-powered pooling technology. This patented system optimizes shipments across a vast network, combining loads from thousands of businesses into efficient Shared Truckloads. Every day, the Flock platform evaluates trillions of potential combinations in near real-time. This not only maximizes cost savings but also enhances profitability for both shippers and carriers. As the network grows, so does the data, creating a feedback loop that continually improves Flock’s technology.
The new funding will be pivotal for Flock Freight. The company plans to expand its operations and enhance its technology. This includes developing new integrations, improving cargo security measures, and refining pooling capabilities. The goal is clear: make it easier for shippers and carriers to do business. With the right technology, Flock aims to streamline the shipping process, reducing overhead costs and increasing revenue for its partners.
Flock Freight’s growth trajectory is impressive. Despite significant headwinds in the freight market, the company has maintained a strong double-digit gross margin profile. This resilience speaks volumes about the value of Shared Truckload services. As businesses grapple with fluctuating market conditions, Flock Freight offers a stable solution. The company’s ability to adapt and thrive is a testament to its innovative approach.
New board members will also play a crucial role in Flock’s future. Dean Carlson from Susquehanna Private Equity Investments and Alex Garden from O’Neil Strategic Capital will join the board, bringing fresh perspectives and expertise. Their involvement signals confidence in Flock’s vision and strategy. With their guidance, Flock Freight is poised to navigate the complexities of the freight industry.
The demand for efficient shipping solutions is rising. As businesses seek to optimize their supply chains, Flock Freight’s STL service becomes increasingly relevant. The ability to combine shipments into a single load not only saves money but also reduces the carbon footprint. In an era where sustainability is paramount, Flock Freight’s model aligns with the growing emphasis on eco-friendly practices.
Flock Freight is not just about technology; it’s about relationships. The company collaborates closely with its carrier partners, ensuring that every shipment is handled with care. This partnership approach fosters trust and reliability, essential elements in the logistics industry. As Flock expands its network, it continues to build strong ties with carriers, enhancing service quality and operational efficiency.
The future looks bright for Flock Freight. With the new funding, the company is well-positioned to scale its operations and enhance its offerings. The focus on technology and partnerships will drive growth and innovation. As the freight landscape evolves, Flock Freight is ready to lead the charge.
In conclusion, Flock Freight’s recent $60 million Series E funding is more than just a financial boost; it’s a catalyst for growth and innovation. The company’s commitment to optimizing freight logistics through technology and strategic partnerships sets it apart in a competitive market. As demand for efficient shipping solutions continues to rise, Flock Freight is poised to redefine the future of freight transportation. The road ahead is filled with opportunities, and Flock Freight is ready to seize them.