Flowspace offers a cloud-based proprietary software platform that manages storage, fulfillment and transportation from a single interface. Its platform runs in hundreds of partnering fulfillment centers across the U.S., giving brands increased visibility and nationwide fulfillment capacity. The company positions on-demand warehousing and plug-and-play fulfillment as a long-term solution for e-commerce brands, a trend the pandemic has accelerated. Flowspace says its software powers the entire journey of getting an online order to a customer’s door and helps customers scale during rapid growth. The company handled large pandemic-driven demand, which attracted investor attention. Flowspace was founded in 2017 and has announced plans to expand its fulfillment platform with the new funding. Flowspace offers on-demand warehousing and fulfillment services through a cloud-based platform for inventory, order and warehouse management. The company provides access to a nationwide network of professionally operated warehouses and month-to-month pricing tailored for multi-channel retailers and growing businesses. Customers include enterprises, small and mid-size businesses, importers, manufacturers and e-commerce retailers; the company says hundreds of customers and warehouses use its platform today. Flowspace emphasizes real-time visibility into inventory levels and an easy-to-use interface as core product strengths. Leadership says the company plans to expand its footprint, accelerate growth, and increase investment in its platform to become the fulfillment infrastructure for any company with inventory. Financially, Flowspace has completed seed funding and is now advancing its product and network with new capital. Flowspace operates an online platform that gives customers access to hundreds of professionally operated warehouses across the U.S. on a month-to-month basis. The company handles storage, transportation and inventory services, enabling businesses to manage overflow inventory, fulfill direct-to-consumer shipping, and meet seasonal surges. Customers use the platform to launch or replenish distribution in key markets with low upfront risk and cost. Flowspace was founded in 2017 by CEO Ben Eachus and is headquartered in Irvine, California. The company has previously raised $1.2M in seed funding and recently secured additional capital to support growth. Flowspace says it will use the new funds to scale the business and expand its service capacity. Flowspace operates a software-enabled marketplace that lets businesses rent portions of warehouses month-to-month per square foot or per pallet. Its platform includes simple inventory software and integration services that can connect warehouse owners and rentees in under 24 hours, with users reportedly able to learn the software in as little as 10 minutes. Flowspace partners with ShipHawk for real-time freight quotes and can cooperate with Amazon Fulfillment, positioning itself as an “AWS for warehouses.” The company launched in May and has grown by double-digit percentages month-over-month since, now serving 40 customers and listing 100 warehouses on its platform. Flowspace monetizes by taking a percentage of total spend when it matches rentees with warehouse space. It raised a $1.2 million seed round from a group of investors and says its vision is to introduce flexibility into an industry defined by long-term leases. The founders flag risks including lower revenue per small customer and the possibility that warehouse owners could build competing month-to-month rental software.

Total raised

$46M

Funding rounds

4

Latest round

Series B

Latest activity

Mar 2021