Andreessen Horowitz Co-Leads Flexport’s $935 Million Series E Round

San Francisco – February 9, 2022 – Cooley advised venture capital firm Andreessen Horowitz (also known as a16z) on its investment in Flexport, a platform for global logistics, as part of the company’s $935 million Series E funding round. Lawyers Peter Werner, Jamin Agosti and Sophia Mellein led the Cooley team advising a16z.

Andreessen Horowitz and MSD Partners co-led the round, which also included a strategic investment from Shopify, as well as participation from existing partners and other investors. The investment brings Flexport’s post-money valuation to more than $8 billion.

“Global trade is facing historic challenges, which demand innovative approaches that address both the current difficulties and more systemic issues,” David George, general partner at Andreessen Horowitz, said in a press release. “Flexport’s platform, business model and data-driven insights together uniquely position the company to continue making a substantial impact on this multi-trillion dollar industry.”

Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz is a Silicon Valley-based venture capital firm that backs bold entrepreneurs who are building the future through technology. The stage-agnostic firm invests in seed to late-stage technology companies across the consumer, enterprise, biology and healthcare, crypto and fintech spaces, and has $19.2 billion in assets under management across multiple funds.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.