SoftBank Bets on Logistics Startup at $500 Million Valuation
The Vision Fund 2 and other investors are giving Flock Freight more than $100 million.
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SoftBank Group Corp.’s Vision Fund 2 is leading a $113.5 million investment round in a California-based startup seeking to change the way goods get trucked around the U.S.
Flock Freight, a company that is applying advanced algorithms to the freight business, closed on the investment last week. The deal values Flock at close to $500 million, according to a person familiar with the matter who asked not to be identified discussing private information.