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Oren Zislansky

๐Ÿ‘ค Speaker
247 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

We also brought Volvo in, which is a really exciting strategic for us, both for a commercial partnership.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

They spend a lot of money on moving freight, and they do it suboptimally, and they want to partner with us, but also to work with their innovation labs on really defining what the future of transportation will look like, autonomous driving vehicles as an OEM.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

They make these trucks, or they're working on that technology, how a marketplace partnership like us could work with a Volvo over the long term.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

We think of Volvo here in North America as these lovely Swedish cars, and they are, but not a lot of people know they're the second or third largest truck manufacturer.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

I say truck, I mean tractor, trailer, freight truck in the world.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

I think them and Daimler are the biggest in the world.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

In the U.S., they own the brand Mack truck, which more people are probably familiar with.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

And then we had participation from all of our insiders, Google Ventures, Signal Fire, and GOP.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

At that point, we set out to raise, honestly, $30 to $50 million.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

We ended up raising $115 million.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

So it was a bit of like, no more capital can come in.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

Work with your insiders to prevent too much money from coming in.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

And that puts the total raise at $180 million, $185 million, something like that.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

Uh, it's south of a billion.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

This is why everyone's trying to get us on this one.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

I know.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

Look, um,

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

it's a couple of ways of thinking about it.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

One is, you know, it is freight and we have a lot to prove.

SaaS Interviews with CEOs, Startups, Founders
Look Back: FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation

It's a huge space.