Flexe, a Seattle, Washington-based programmatic logistics leader, announced its $119 million Series D funding round at a $1b+ post-money valuation. Bringing Flexe's total funding to $263 million to date.
The round includes new investments from funds and accounts managed by BlackRock and follow-on investments from Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, funds, and accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and Tiger Global.
Flexe continues to see accelerated demand for its logistics programs. An uncertain macroeconomic environment, rapidly shifting consumer behaviors, forecast variability, and supply chain gridlocks have led retailers and brands to strategically embrace logistics flexibility.
Company: Flexe, Inc.
Round: Series D
Funding Month: July 2022
Lead Investors: BlackRock
Additional Investors: Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, funds and accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, and Tiger Global
Company Website: https://www.flexe.com/
Software Category: Warehousing-as-a-service
About the Company: Founded in 2013 by Francis Duong, Karl Siebrecht, and Edmond Yue., Flexe is a warehousing-as-a-service company that makes on-demand warehousing possible by connecting organizations in need of additional space to organizations with extra space. Flexe solves the hardest omnichannel logistics problems for the world's largest retailers and brands. Integrating technology, open logistics networks, and elastic economic models allow Flexe customers to move fast, at scale, and with precision. Flexe brings deep logistics expertise and enterprise-grade technology to deliver innovative eCommerce fulfillment, retail distribution, and network capacity programs to the Fortune 500.