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Flexport Plans to Cut Up to 30% of Workforce

Flexport Plans to Cut Up to 30% of Workforce
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
October 9, 2023

What We're Reading

Trending Companies


Verkor, a battery cell manufacturer focused on fast-tracking low-carbon battery production to meet the rising demand for electric vehicles, striving for sustainability and reduced carbon footprint in the energy sector, raises €850MM Series C from Macquarie Asset Management.

Batteries • Auvergne-Rhone-Alpes, France


Vayu Robotics, a firm that develops mobile robotics solutions, raises $12.7MM Seed from Khosla Ventures.

Robotics • Palo Alto, CA • Post-Money Valuation


Lokavant, a clinical trial intelligence firm that provides real-time visualizations, risk alerts, artificial intelligence and human insight services, raises $8MM Equity Funding from Mitsui & Co Ltd.

Real Time • New York, NY • Post-Money Valuation


Pulumi, a firm that develops infrastructure-as-a-code platforms intended to streamline cloud engineering, raises $41MM Series C from Madrona.

Cloud • Seattle, WA • Post-Money Valuation


Rantizo, an agtech company specializing in sustainability in agriculture, raises $6MM Series A from Leaps by Bayer.

AgTech • Iowa City, IA • Post-Money Valuation


NexGami, a web3 game publisher built on Polygon, dedicated to onboarding the next million traditional gamers into the world of Web3, raises $2MM Seed from Polygon Ventures.

Web3 • Vancouver, Canada


Jingle, a firm that develops mobile delivery platforms intended for  local stores to connect with consumers directly and deliver their products, raises $2.9MM Seed from Bessemer Venture Partners.

E-Commerce • Menlo Park, CA • Post-Money Valuation


Frec, a financial company offering a range of automated self-service products designed to streamline investment strategies traditionally provided by wealth managers, raises $26.4MM Series A from Greylock.

Fintech • San Francisco, CA • Post-Money Valuation


Electric Hydrogen, a renewable energy company developing large-scale solutions to help ease the world's dependence on fossil fuels, raises $380MM Series C from Energy Impact Partners.

Renewable Energy • San Carlos, CA • Post-Money Valuation


Stampli, a company offering a software platform that optimizes corporate invoice management, raises $61MM Series D from Blackstone.

Fintech • Mountain View, CA • Post-Money Valuation


Daash Intelligence, a developer of predictive intelligence platform for retail markets, raises $2.75MM Seed from Silicon Road Ventures.

Platform-as-a-Service • Miami, FL • Post-Money Valuation

Loop, a company that provides an AI-based transportation logistics platform, raises $35MM Series B from JP Morgan Growth Equity Partners.

Artificial Intelligence • Chicago, IL • Post-Money Valuation    

Ryerson Acquires Norlen, a firm that offers metal fabrication intended for agriculture, HVAC, and defence industries.

Metals • Schofield, WI • Deal


3B Scientific Acquires Wallcur, a provider of high-quality educational training and simulation products for the healthcare industry, catering to various healthcare programs and allied health fields.

EdTech • San Diego, CA • Deal


Simpplr acquires, a firm that develops an enterprise intelligent assistant designed to transform the management of the workforce.

Artificial Intelligence • Woodside, CA • Deal


FST Logistics acquires Hyway Trucking, a firm that offers transportation services.

Freight • Findlay, OH • Deal


Bloomberg completes its acquisition of Broadway Technology, a provider of financial trading solutions to electronic fixed income markets worldwide.

Fintech • New York, NY • Deal


Solenis acquires CedarChem, a firm that distributes water and wastewater treatment products for industrial and municipal markets.

Chemicals • Cedartown, GA • Deal


Axius Water acquires Triplepoint Environmental Group, a company that provides lagoon wastewater treatment services.

Environmental • Centennial, CO • Deal


Butler National acquires KC Machine, a firm that offers precision machine parts.

Industrial Products • Excelsior Springs, MO • Deal 


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