What does Flock Freight do?
Flock Freight is a Shared Truckload (STL) freight brokerage that leverages AI-powered, patented pooling technology to optimize underutilized truckload capacity. This approach generates cost savings for shippers, increased earnings for carriers, and a reduced carbon footprint.
How much did they raise?
The company raised $60M in a Series E round, led by O’Neil Strategic Capital with participation from Susquehanna Private Equity Investments LLLP, SignalFire, GLP Capital Partners, and Bracket Capital. This funding marks another step in its growth trajectory.
What are their plans for the money?
With the new investment, Flock Freight aims to expand its operations and broaden its business reach, potentially revolutionizing freight transportation by making it more efficient and environmentally friendly.
What have they achieved so far?
Flock Freight has already demonstrated innovation in the transportation sector with its AI-driven technology and strategic board appointments, such as Dean Carlson joining from Susquehanna Private Equity Investments, reinforcing its leadership and growth strategy.
