Flexe is a Seattle-based programmatic logistics company that provides eCommerce fulfillment, retail distribution, and network capacity programs. Led by CEO Karl Siebrecht, it helps retailers and brands solve omnichannel logistics problems by integrating technology, open logistics networks, and elastic economic models. The company serves large customers, including six of the ten largest retailers and four of the five largest consumer packaged goods companies. Flexe raised $119M in a Series D at a post-money valuation above $1 billion. The company intends to use the funds to continue expanding adoption of its logistics programs. Flexe focuses on enabling fast, scalable programmatic logistics solutions for Fortune 500 clients. Flexe operates a marketplace that allows retailers such as Walmart and Staples to purchase warehousing space on an on-demand basis. The company describes itself as a "warehousing-as-a-service" platform that connects nearly 2,000 warehouses across the U.S. and Canada to retailers, a network that is up 50% from last year. Flexe's software lets warehouses bid on offers, facilitating flexible capacity for e-commerce tailwinds driven by increased online sales amid the pandemic. The startup reported strong investor interest that exceeded expectations, prompting an expansion of its current fundraise. Management said the additional capital will be used to invest in identified growth opportunities. As of the article, total funding to date is $144 million. Flexe provides a warehousing and fulfillment platform to optimize the global delivery of goods, enabling brands to create dynamic eCommerce fulfillment networks and resolve warehouse capacity constraints. The company connects brands with warehouse capacity and fulfillment services through its Operator Network and platform. Flexe will use the new funding to invest in its team and technology. Since raising its Series B in May 2019, the company doubled headcount, expanded work with enterprise-class customers such as Walmart and Ace Hardware, and grew the Operator Network by 50% to more than 1,500 locations across North America. It has invested in engineering and platform development, recently launching an integration with Google Merchant Center that enables advertisers to dynamically display delivery promises in Google Shopping ads and increase conversion rates from ad spend by 9%. The Series C supports Flexe's continued scaling of operations and product capabilities. Flexe provides an on-demand warehousing and fulfillment platform aimed at optimizing the global delivery of goods. Led by co-founder and CEO Karl Siebrecht, the company has built an open network of warehouses connected through a single technology platform. Since launching in 2013, customers can access more than 1,000 warehouses across North America. Flexe is based in Seattle, WA. The company intends to use new funding to accelerate development of its technology platform and to more than double the size of its team. Flexe operates an online marketplace matching organizations that need warehousing space with operators that have extra capacity, listing more than 300 warehouses in over 45 North American markets. The platform represents over 10 million square feet of space and roughly 1,000,000 pallet positions. The company plans to scale operations and add additional fulfillment and analytics functionality to its technology platform using the new capital. Flexe expects its listed warehouse footprint and market coverage to at least double by the end of 2017. Founded in 2013 and led by CEO Karl Siebrecht, the company has been expanding its marketplace and service offerings. As of this round the company has raised a total of $20.55 million.

Total raised

$261M

Funding rounds

6

Latest round

Series D

Latest activity

Jul 2022