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1. SoftBank leads $1B in freight startup
SoftBank ([[SFTBF]], [[SFTBY]]) led the $1B round in freight startup Flexport at a $3.2B valuation. SoftBank managing partner Michael Ronen will get a seat on the Flexport board.
Flexport moves freight globally using air, ocean, rail, and truck. The startup bills itself as a freight forwarder and customer broker for modern logistics. Flexport says revenue doubled last year to $500M