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Oren Zaslansky

๐Ÿ‘ค Speaker
299 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We raised $215 million led by SoftBank Vision Fund 2.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

They led our last round as well.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

This was a real preemption with these numbers.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

They came to us mid-year, six months into the last round.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

and said, giddy up, we'd like to deploy some more capital.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Can you go faster?

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Do you have a use of proceeds?

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We said, yes, yes, and yes.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

And so we raised it to 215 at a $1.3 billion valuation.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Wow.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Well, to be fair, the latter, yes.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

The former, no, they don't like marking themselves up.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

I'm not going to speak to it, but you've got a smart audience that can be problematic.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We brought in other pretty significant investors into the round.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

I'd say most notably we brought in Susquehanna.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

SIG is a major private equity growth equity fund at 15, $20 billion.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

So they're participating in this round.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We brought in a firm from New York called Eden Capital coming into this round.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We also had ProRata.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

In some cases, I think super parata from insiders.