Oren Zaslansky
- CEO and Founder at Flock Freight
GetLatka interview
How Flock Freight Reached $300M Run Rate and a $1.3B Valuation in 2021 (Interview with CEO Oren Zaslansky)
Oren Zaslansky (CEO and Founder of Flock Freight) spoke to Nathan Latka on October 27, 2021.
Flock Freight figures from the interview
- Annualized Run Rate (Oct 2021)
- $300M
- Valuation (post-money) (2021)
- $1.3B
- Latest Raise (2021)
- $215M
- Team Size (Oct 2021)
- 340 employees
“Well, I think it's fair to say we've achieved product market fit. We're almost six years old. The end of twenty twenty one will be a six year old company and the first four years were excruciating.”
“We raised $215,000,000 led by SoftBank Vision Fund two. They led our last round as well. This was a real preemption with these numbers. They came to us mid year, six months into the last round and said, giddy up, we'd like to deploy some more capital. Can you go faster? Do you have a use of proceeds? We said yes, yes and yes. And so we raised into $215,000,000 at a $1,300,000,000 valuation.”
“It's not a GMV number, it is a revenue number, although I would not describe it as SaaS margins to be fair. Have a fair bit of COGS still in this firm.”
Bio
Logistics and innovation run through Oren’s veins. Following his parents’ footsteps, who created their own freight forwarder after years with Foreman’s van line, he founded his own 100-truck fleet at age 20, providing white-glove freight service throughout the U.S. and Canada. Next came SolSource, Oren’s first brokerage, which services major clients like Whole Foods and opened his eyes to the unnecessary complications and inefficiencies of LTL shipping. Now, after 20+ years in freight, Oren’s built the solution that’s revolutionizing the freight industry: Shared truckload.
Company
Flock Freight
Encinitas, United States · Founded 2016
- Revenue
- $646.5M
- Funding
- $399M
- Team size
- 360
- Customers
- 2K