Flexport Founder Joins Founders Fund to Boost Logistics Tech

Flexport founder Ryan Petersen has joined Founders Fund as a partner while continuing to serve as Executive Chairman of Flexport. This move aims to support the company's long-term growth and foster innovation in logistics technology. Petersen's dual role allows him to leverage his expertise in both venture capital and the logistics industry, benefiting both Founders Fund's investment strategy and Flexport's strategic direction. This partnership signals a strong commitment to advancing the future of global trade and supply chain solutions.
Flexport Founder Joins Founders Fund to Boost Logistics Tech

Ryan Petersen, founder and executive chairman of logistics technology company Flexport, has revealed his motivation for joining elite venture capital firm Founders Fund while continuing to lead his company: to gain broader technological perspective and accelerate Flexport's path to becoming a sustainable public company.

The announcement sent to Flexport employees about Petersen's new role as partner at Founders Fund quickly drew industry attention, marking a significant moment where a logistics tech leader will operate simultaneously in both entrepreneurship and investment spheres.

Dual Role Commitment: Continued Focus on Flexport

Petersen emphasized that despite joining Founders Fund, he will maintain his active role as Flexport's executive chairman, particularly in supporting the company's growth strategy, meeting with clients, and establishing Flexport as the leading technology platform in global logistics.

"I will continue to actively serve as Flexport's executive chairman, especially in supporting our growth initiatives, meeting with customers, and building our brand as the leading technology platform in global logistics," Petersen wrote in an internal email. "I'll also continue supporting Flexport.org's mission to leverage our platform to address humanity's greatest challenges."

Strategic Vision: Investment Perspective Benefits Flexport

Petersen explained that his investor role will provide unique access to the intersection of technology and capital markets, which will significantly benefit Flexport's long-term development as a sustainable public company. He expressed confidence that Founders Fund's investment expertise and resources will provide strong support for Flexport's future.

"From my new vantage point as an investor, I'll have privileged access to the intersection of technology and capital markets, which will greatly help Flexport become a sustainable public company for decades to come," Petersen stated. "Dave Clark and the broader Flexport leadership team are fully prepared to lead this mission. The company is in great shape, making this the perfect time for me to take on new challenges."

Exclusive Choice: Founders Fund's Long-Term Support

Petersen disclosed that Founders Fund was the only venture capital firm he considered, primarily due to their consistent support for Flexport. The firm participated in every funding round for Flexport and led two of them.

"Founders Fund was the only VC firm I considered, largely because of their genuine commitment to Flexport—they've participated in every funding round and led two of them," Petersen noted. "I'm thrilled to join their partner team, many of whom actively lead their own companies while managing a top-tier venture firm. They've actively encouraged me to continue supporting Flexport in the coming years."

Investment Passion: Fueling More Tech Innovation

Petersen has long demonstrated enthusiasm for investing in technology companies and supporting founders through their entrepreneurial journeys. Over the past decade, he has made over 100 angel investments, including industry leaders like Rippling, Carta, Verkada, Mercury, Algolia, Deel, and Deliverr.

His angel investment practice has helped Flexport integrate into the tech and venture capital ecosystem, providing knowledge, talent, and capital that give the company competitive advantages. As a full-time investor at Founders Fund, Petersen expects to gain access to cutting-edge ideas, technologies, and talent that will further benefit Flexport.

"I love investing in tech companies and supporting founders through the rollercoaster of building a business," Petersen said. "My angel investment practice has helped Flexport integrate into the tech and VC ecosystem, providing knowledge, talent, and capital that give us competitive advantages. As a full-time investor at Founders Fund, I'll gain access to cutting-edge resources that will better support Dave and the company."

Industry Outlook: The Future of Logistics Technology

Petersen's addition to Founders Fund will bring deep logistics technology expertise and experience to the firm. His investment acumen and entrepreneurial background will help identify promising opportunities in the logistics tech sector and empower more innovative companies.

Simultaneously, Petersen's role at Founders Fund will strengthen Flexport's leadership position in logistics technology. Through broader access to tech ecosystems and capital markets, Flexport stands to gain additional resources and support to accelerate its path toward becoming a global logistics leader.

Ryan Petersen's move to Founders Fund represents both a significant career milestone and a promising development for the logistics technology sector, suggesting new opportunities for innovation and growth in the field.