• DATVF.ATLPHL
    1.643
    -0.074
    -4.3%
  • DATVF.CHIATL
    1.951
    0.018
    0.9%
  • DATVF.DALLAX
    0.880
    0.015
    1.7%
  • DATVF.LAXDAL
    1.501
    0.007
    0.5%
  • DATVF.SEALAX
    0.966
    -0.092
    -8.7%
  • DATVF.PHLCHI
    0.929
    -0.038
    -3.9%
  • DATVF.LAXSEA
    2.005
    0.035
    1.8%
  • DATVF.VEU
    1.508
    -0.031
    -2%
  • DATVF.VNU
    1.395
    -0.016
    -1.1%
  • DATVF.VSU
    1.191
    0.011
    0.9%
  • DATVF.VWU
    1.486
    -0.028
    -1.8%
  • ITVI.USA
    9,836.710
    -180.070
    -1.8%
  • OTRI.USA
    4.790
    0.100
    2.1%
  • OTVI.USA
    9,831.280
    -180.470
    -1.8%
  • TLT.USA
    2.410
    -0.010
    -0.4%
  • WAIT.USA
    150.000
    0.000
    0%
  • DATVF.ATLPHL
    1.643
    -0.074
    -4.3%
  • DATVF.CHIATL
    1.951
    0.018
    0.9%
  • DATVF.DALLAX
    0.880
    0.015
    1.7%
  • DATVF.LAXDAL
    1.501
    0.007
    0.5%
  • DATVF.SEALAX
    0.966
    -0.092
    -8.7%
  • DATVF.PHLCHI
    0.929
    -0.038
    -3.9%
  • DATVF.LAXSEA
    2.005
    0.035
    1.8%
  • DATVF.VEU
    1.508
    -0.031
    -2%
  • DATVF.VNU
    1.395
    -0.016
    -1.1%
  • DATVF.VSU
    1.191
    0.011
    0.9%
  • DATVF.VWU
    1.486
    -0.028
    -1.8%
  • ITVI.USA
    9,836.710
    -180.070
    -1.8%
  • OTRI.USA
    4.790
    0.100
    2.1%
  • OTVI.USA
    9,831.280
    -180.470
    -1.8%
  • TLT.USA
    2.410
    -0.010
    -0.4%
  • WAIT.USA
    150.000
    0.000
    0%
Uncategorized

Flexe lands $43M in Series B

On-demand warehousing and fulfillment company Flexe announced a $43 million Series B funding round on May 7.

The Seattle-based startup will use the new funds to accelerate the development of its technology platform, more than double the size of its team and continue to build the on-demand warehousing category, Flexe co-founder & CEO Karl Siebrecht said in a blog post.

Activate Capital and Tiger Global Management led the round, with additional participation from Madrona Venture Group and follow-on investments from current investors Redpoint Ventures, Prologis Ventures, and others.

The Series B round brings the total amount of money the company has raised to $63.5 million.

Flexe is essentially the Airbnb of warehouse space. It has created a marketplace of spare storage space, and merchants book that space through via an easy-to-navigate platform.

The company tripled its revenue in 2018 and last week implemented an upgrade that simplifies integrations, unlocks at-a-glance performance insights, and delivers new levels of operational transparency and traceability, Siebrecht said.

“We believe that the inevitable future of logistics is technology-driven and on-demand. Our vision of goods moving seamlessly, when and where they’re needed, requires this and the services Flexe provides,” he said.

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Linda Baker, Staff Writer

Linda Baker is a FreightWaves staff reporter based in Portland, Oregon. Her beat includes early-stage VC, freight-tech, mobility and West Coast emissions regulations.
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