Flexe Raises $119 Million at over $1 Billion Valuation

Flexe is a logistics startup that assists retailers in their supply chain optimization. The company delivers to its clients technology-powered omnichannel logistics programs for e-commerce fulfillment, warehouse capacity, and B2B distribution with a help of a single platform. This platform executes, manages, and optimizes logistics programs.

Among the funding round’s investors were Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, T. Rowe Price, and Tiger Global. As well as several new investors also took part in the round, one of them is BlackRock. “Flexe uniquely helps enterprise retailers and brands solve big supply chain challenges and excel in uncertain environments. Flexe has demonstrated that programmatic logistics deliver value for the world’s most demanding companies,” BlackRock Private Equity Partners director Samir Menon.

Flexe, Seattle, the USA, was founded by Edmond Yue, Francis Duong, and Karl Siebrecht in 2013. The funding raised will be used for an employee team increase and investments in scalable growth. Flexe’s customer list includes six out of the ten largest retailers in the USA, besides the five largest consumer packaged goods retailers. Using the Flexe platform, a team of retailer’s supply chains can manage key supply chain tasks such as tracking merchandise shipments, processing product returns, and seeking opportunities for operations efficiency increase. Moreover, clients can supplement warehouse capacity with the help of Flexe’s platform, in case of facility upgrades or routine maintenance.

Previous Post

Lenskart Raises $200 Million at $4.5 Billion Valuation

Next Post

Tebra Raises $72 Million at over $1 Billion Valuation

Related Posts