How Much Did Flexe Raise? Headquarters, Funding & Key Investors

Flexe, founded in 2013 and headquartered in Seattle, Washington, has raised a total of $329 million across multiple funding rounds: $6.5M Seed (2013), $14.5M Series A (2016), $43M Series B (2019), $70M Series C (Dec 2020), $10M Series C follow-up (Jan 2021), and $119M Series D (July 2022), led by BlackRock, reaching a $1 billion valuation. The company offers flexible eCommerce distribution, fulfillment, and same-day delivery solutions via a network of over 700 warehouse operators. Flexe leverages technology to optimize logistics, reduce costs, and help businesses efficiently scale in the eCommerce market.

How Much Did Flexe Raise? Funding & Key Investors

Flexe has raised significant capital across multiple funding rounds, totalling $329M, with backing from top investors such as BlackRock, T. Rowe Price, Tiger Global Management, and Redpoint. The platform provides businesses with flexible eCommerce distribution, fulfilment, and same-day delivery solutions. Flexe’s technology integrates with a network of over 700 warehouse operators across North America, helping companies optimize logistics, reduce transportation costs, and meet shifting consumer demands efficiently.

What Is Flexe and What Does It Do?

Flexe, founded in 2013 by Edmond Yue, Francis Duong, and Karl Siebrecht, is headquartered in Seattle, Washington. The company 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 advanced technology with a network of over 700 warehouse operators across North America, helping enterprises manage supply chain disruptions and scale efficiently.

With a team of 101-250 employees, Flexe provides solutions that improve sales, reduce transportation costs, and meet shifting consumer demands.

How Much Funding Has Flexe Raised?

1. Seed Round

Amount Raised: $6.5M
Date: September 2013
Lead Investors: Fritz Lanman, Hank Vigil, Second Avenue Partners, SV Angel
Motivation: To establish the company and develop its initial technology platform.

2. Series A

Amount Raised: $14.5M
Date: July 2016
Lead Investors: Redpoint
Motivation: To expand the warehousing network and enhance logistics solutions.

3. Series B

Amount Raised: $43M
Date: May 2019
Lead Investors: Activate Capital Partners, Tiger Global Management
Motivation: To scale operations and meet growing demand for flexible warehousing.

4. Series C

Amount Raised: $70M
Date: December 2020
Lead Investors: T. Rowe Price
Motivation: To expand technology offerings and warehouse network.

5. Series C

Amount Raised: $10M
Date: January 2021
Lead Investors: Not publicly disclosed
Motivation: To support growth and expansion.

6. Series D

Amount Raised: $119M
Date: July 2022
Lead Investors: BlackRock
Motivation: To invest in scalable growth and hire additional employees.

Total Funding Raised: $329 Million

Current Valuation: $1 Billion (as of July 2022)

Latest Funding Date: July 2022

Key Investors

1. BlackRock

Details: Global investment management corporation based in New York, managing trillions in assets.
Investment Focus Areas: Technology, Healthcare, Energy
Notable Investments: Apple, Microsoft, Amazon

2. T. Rowe Price

Details: Global investment management firm headquartered in Baltimore, offering mutual funds and separate accounts.
Investment Focus Areas: Financial services, Technology, Healthcare
Notable Investments: Google, Facebook, Tesla

3. Activate Capital Partners

Details: Venture capital firm focused on sustainable energy and technology innovation.
Investment Focus Areas: Clean energy, Transportation, Technology
Notable Investments: ChargePoint, Proterra, Stem

4. Tiger Global Management

Details: Investment firm focusing on public and private companies in software, consumer, and financial tech.
Investment Focus Areas: Internet, Software, Consumer
Notable Investments: JD.com, Spotify, LinkedIn

5. Redpoint

Details: Venture capital firm investing in seed, early, and growth-stage companies.
Investment Focus Areas: Consumer internet, Enterprise, Mobile
Notable Investments: Netflix, Stripe, Twilio

Where Is Flexe’s Headquarters?

Flexe is headquartered in Seattle, Washington, a strategic hub that supports its technology-driven logistics operations and extensive warehouse network.

What’s Next for Flexe?

Flexe is poised for growth amid rising demand for flexible logistics solutions. With over 1,500 supply chain facilities, the company is positioned to support large retailers and consumer packaged goods companies. The increasing need for adaptable supply chains and same-day fulfillment presents a significant market opportunity for Flexe to expand its platform and services.

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