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Flowspace raises $12 million in Series A funding

Canvas Ventures led the funding round for the on-demand warehousing and fulfillment startup, which was founded in 2017.

   On-demand warehousing and fulfillment technology company Flowspace announced Tuesday it had secured $12 million in Series A funding.
   Silicon Valley-based Canvas Ventures led the new round with participation from Moment Ventures, 1984 Ventures and Y Combinator, which increased total funding to $15.4 million for the startup.
   The new capital will allow Flowspace, which was founded in 2017 and has offices in Los Angeles and Cincinnati, to advance its cloud network software platform, expand its network and accelerate growth. The company offers cloud-based inventory, order and warehouse management software, a nationwide warehouse network and flexible month-to-month pricing.
   “Our vision is to become the fulfillment infrastructure for any company with inventory,” co-founder and CEO Ben Eachus said in a statement. “We provide a massive warehouse and fulfillment network, real-time visibility into inventory levels and an easy-to-use software. I am proud of what our team has built and grateful to the hundreds of customers and warehouses who use Flowspace today.”