# Flexe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flexe

- Industry: Software
- Headquarters: Seattle, US
- Website: www.flexe.com
- Total disclosed funding: $257M
- Latest round: Series D (Jul 6, 2022)
- Investors on record: 10

## About

Flexe, Inc. offers innovative flexible warehousing solutions, leveraging technology to optimize supply chain logistics for enterprises. Their services enable companies to efficiently manage distribution without long-term commitments or upfront costs.Flexe, Inc., founded in 2013 in Seattle, US, provides tech-enabled flexible warehousing solutions to enhance supply chain operations. The company was established by Edmond Yue, Francis Duong, and Karl Siebrecht, who have histories in entrepreneurial ventures. As of July 2022, Flexe raised USD 119 mn in Series D funding, which contributed to a total amount raised of USD 119 mn, enhancing its current valuation to USD 1,000 mn.Flexe specializes in providing Flexible Warehousing Infrastructure, offering tech-enabled warehouse services that facilitate the evolution and optimization of supply chain networks for large enterprises. Their core service includes access to North America’s largest network of over 700 warehouse operators, enabling businesses to manage distribution and fulfillment orders without the burden of upfront costs or long-term commitments. The solutions are designed to address a variety of challenges such as rapid replenishment, fulfillment optimization, and capacity management. Serving a diverse clientele that includes Fortune 500 companies, Flexe's offerings are particularly valuable in the eCommerce, retail, and consumer packaged goods sectors. Flexe operates across major markets in the United States and Canada, providing scalable solutions tailored to the needs of businesses facing supply chain disruptions, shifts in consumer demand, and other logistical challenges.Flexe generates revenue through partnerships and transactional agreements with its client base, primarily structured as B2B relationships. Clients typically engage with Flexe to utilize its warehousing services on a flexible basis, allowing them to scale their logistics operations according to fluctuating demand. The firm’s flagship service, the Flexible Warehousing Infrastructure, is priced based on usage metrics, such as space utilized and services rendered, facilitating cost-effective solutions for both short-term and long-term needs. Given the high demand for efficient supply chain management, especially in sectors like eCommerce and retail, Flexe's revenue model is focused on providing adaptable solutions that can be adjusted based on client requirements. The company’s offerings help clients mitigate risks associated with excess inventory and improve operational efficiencies, enhancing overall profitability within their logistics strategies.Following its Series D funding of USD 119 mn in July 2022, Flexe plans to utilize the capital to meet increasing customer demand and expand the adoption of its logistics programs while also extending its team. The company is likely to introduce new products designed to enhance its service offerings, although specific details on these upcoming products have not been publicly disclosed. Additionally, Flexe is focusing on expanding into new markets within the United States and Canada to capitalize on growth opportunities in logistics and supply chain management.

## Funding rounds

- Series D, Jul 6, 2022, $119M — Redpoint Ventures, T Rowe Price, Madrona Venture Group, Prologis, Tiger Global Management, BlackRock, Activate Capital
- Series C, Jan 19, 2021, $10M — Alumni Ventures Group
- Series C, Nov 18, 2020, $70M — Redpoint Ventures, T Rowe Price, Madrona Venture Group, Prologis, Tiger Global Management, Activate Capital
- Series B, May 9, 2019, $40M — Redpoint Ventures, Madrona Venture Group, Prologis, Tiger Global Management, Activate Capital
- Series A, Jul 12, 2016, $14M — Redpoint Ventures
- Seed, Nov 10, 2015, $4.3M — Second Avenue Partners, SV Angel

## Investors

- Second Avenue Partners (https://capitalatlas.ai/funds/second-avenue-partners) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C, Series D
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series B, Series C, Series D
- Prologis (https://capitalatlas.ai/funds/prologis) — Series B, Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C, Series D
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series B, Series C, Series D
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C, Series D
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series D