Flexe raises $4.4M in Seed Round

What does Flexe do?

Flexe, is a start up which lets warehouse owners rent out empty space on a monthly basis. The company connects users to warehouse capacity when, where and how they need it. It makes on demand warehousing a possibility by connecting organizations in the need to extra space with organizations with additional space. Their cloud based platform helps unified warehouse sourcing and set up and streamlines the material handling operations. The company needs no tech investment, process interruptions or leases for long term. Thus adding storage capacity has become easier, more cost effective and flexible than before. The company consists of a team of tech entrepreneurs and logistics experts.

How much Flexe was funded?

Flexe raised $4.4M in Seed funding on SV Angel, Hank Vigil, Second Avenue Partners and Fritz Lanman.

Previous funding

$1.9M in seed funding on September 16, 2013

What is next for Flexe?

Flexe  has raised a total of $6.3M to date. The company plans to use the latest funding for strengthening and expanding the capabilities of its on demand warehousing software platform which powers its marketplace. It has also plans for using a part of the money for accelerating the sales and marketing efforts and for further advancing initiatives which ensure quality operations and consumer services.

The company has entered its next phase of growth and is further building on the scale they have already achieved in their marketplace. This new market for warehouse services will bring new levels of agility and flexibility in supplying chains around the world.

More about Flexe

Flexe was founded by Karl Siebrecht, Edmond Yue and Francis Duong. It has its headquarters in Seattle, Washington. The company connects organizations which need warehousing space to organizations with additional space. It is changing how logistics and supply chain professionals manage inventory peaks, returns and new market entry by creating warehouse networks which scale as required.