Total amount raised
$263 Millions
Latest funding date
Location
Flexe has successfully raised funds through multiple rounds, with the latest being a Series D round. The company has garnered support from 18 investors, including notable names like Tiger Global Management and Redpoint Ventures.
Flexe's platform offers a comprehensive suite of logistics solutions, including warehousing, distribution, and fulfillment services, all powered by a robust technology infrastructure. Keep reading to explore the intricacies of Flexe's fundraising journey and the investors backing this innovative platform.
What Is Flexe?
Founded in 2013, Flexe is headquartered in Seattle, Washington. The company was established by Edmond Yue, Francis Duong, and Karl Siebrecht. Flexe operates in the logistics and warehousing industry, providing flexible warehousing infrastructure and omnichannel logistics programs for eCommerce fulfillment, retail distribution, and same-day delivery.
Flexe integrates technology with an extensive network of over 700 warehouse operators across North America, enabling enterprises to optimize their logistics networks. The company employs between 101 and 250 people, offering innovative solutions to help businesses manage supply chain disruptions and achieve strategic growth.
How Much Funding Has Flexe Raised?
- Seed Round
- Amount Raised: $6.5M
- Date: September 2013
- Lead Investors: Fritz Lanman, Hank Vigil, Second Avenue Partners, SV Angel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial technology platform.
- Series A
- Amount Raised: $14.5M
- Date: July 2016
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's warehousing network and enhance its logistics solutions.
- Series B
- Amount Raised: $43M
- Date: May 2019
- Lead Investors: Activate Capital Partners, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and support the growing demand for flexible warehousing solutions.
- Series C
- Amount Raised: $70M
- Date: December 2020
- Lead Investors: T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's technology offerings and increase its warehouse network.
- Series C
- Amount Raised: $10M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Series D
- Amount Raised: $119M
- Date: July 2022
- Lead Investors: BlackRock
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To invest in scalable growth and hire more employees.
Total Amount Raised: $263M. Current Valuation: Over $1 billion.
Key Investors
- BlackRock
- Details: BlackRock is a global investment management corporation based in New York City. It is one of the world's largest asset managers, overseeing trillions of dollars in assets.
- Investment Focus Areas: Technology, Healthcare, Energy
- Notable Investments: Apple, Microsoft, Amazon
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm headquartered in Baltimore, Maryland. The firm offers a broad range of mutual funds, subadvisory services, and separate account management for individual and institutional investors.
- Investment Focus Areas: Financial services, Technology, Healthcare
- Notable Investments: Google, Facebook, Tesla
- Activate Capital Partners
- Details: Activate Capital Partners is a venture capital firm focused on sustainable energy and technology. The firm aims to support companies that drive innovation in clean energy and transportation.
- Investment Focus Areas: Clean energy, Transportation, Technology
- Notable Investments: ChargePoint, Proterra, Stem
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm is known for its aggressive investment strategy.
- Investment Focus Areas: Internet, Software, Consumer
- Notable Investments: JD.com, Spotify, LinkedIn
- Redpoint
- Details: Redpoint is a venture capital firm that invests in seed, early, and growth-stage companies. The firm has a strong track record of backing successful startups in various sectors.
- Investment Focus Areas: Consumer internet, Enterprise, Mobile
- Notable Investments: Netflix, Stripe, Twilio
What's Next for Flexe?
Flexe stands at the cusp of significant growth opportunities, driven by the increasing demand for flexible and scalable logistics solutions. With a network of over 1,500 supply chain facilities, the company is well-positioned to meet the needs of large retailers and consumer packaged goods companies. The recent surge in demand for logistics flexibility, fueled by economic uncertainties and shifting consumer behaviors, presents a vast market for Flexe to tap into.
Future fundraising opportunities appear promising as Flexe continues to attract significant investment. The company's strong market position and the successful Series D round, which raised $119 million, suggest that additional funding rounds could further bolster its expansion plans. However, Flexe must navigate challenges such as economic fluctuations, competition from other logistics providers, and maintaining service quality during rapid growth.
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