Logistics tech firm Flock Freight turns unicorn after SoftBank-led funding

Oct 20 (Reuters) - U.S. logistics technology firm Flock Freight said on Wednesday it had reached a valuation of more than $1 billion, after raising $215 million in a funding round led by SoftBank Vision Fund 2.

New and existing investors including Susquehanna Private Equity Investments, Eden Global Partners, SignalFire and Alphabet Inc's (GOOGL.O) GV also participated in the funding round, the company said.

Flock Freight, founded in 2015 by Chief Executive Officer Oren Zaslansky, helps freight carriers fill up trucks with goods from different companies, removing the need for terminals.

The company said it would use the latest infusion of funds to invest in its truckload technology, and expand existing operations and hire more employees.

Flock Fright plans to open a new office in Chicago later this year.

Reporting by Manya Saini in Bengaluru; Editing by Ramakrishnan M. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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