Warehouse Space Marketplace Flexe Closes $14.25M Series A Funding

Funding Rounds

▤ Summary

Flexe, a Seattle, Wash.-based online marketplace that connects businesses in need of flexible warehouse space and services to more than 300 warehouse operators across North America, closed a $14.25m Series A funding.The round was led by Redpoint Ventures with participation from undisclosed investors.The company, which has now raised a total of $20.55 million in funding, will use the new capital to scale operations and add additional fulfillment and analytics functionality to the technology platform powering the marketplace.Founded in 2013 and led by CEO Karl Siebrecht, Flexe connects organizations that need warehousing space to organizations with extra space.The online marketplace features more than 300 warehouses in over 45 markets across North America representing over 10M-square-feet of space and roughly 1,000,000 pallet positions.

$ Funding

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Amount $14.3M Total raised
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Date July 21, 2016 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
No industries detected
applications
ERP & Process Management

◇ AskAI Classifications

Labels
Logistics Technology Supply Chain Software Warehouse Management System (WMS)

▦ Linked Companies

FLEXE
$10M to $25M