Flow, a Hoboken, NJ-based cross-border commerce platform, raised $13m in Series A funding.
Bain Capital Ventures made the investment.
The company will use the funds to expand its customer base globally.
Founded in 2015 by Rob Keve, founder of customer experience innovator Fizzback, and Mike Bryzek, co-founder of e-commerce leader Gilt Groupe, Flow provides a cloud based platform for brands and retailers around the world to expand their e-commerce business globally, while improving the customer experience.
Flow’s software solution uses artificial intelligence and virtualization to remove the challenges facing cross-border commerce, addressing key requirements such as multi-currency pricing, cost efficient and rapid shipping, international payment options, defined taxes and duties, and simple returns.
The platform allows merchants to ship product from anywhere to anywhere by automating the end-to-end workflows across pricing, translation, landed cost, payments, and logistics.
The company, which has previously secured funding from Brian Lee (The Honest Company), Alexandra Wilkis Wilson (Gilt, GlamSquad), Alexis Maybank (Gilt, Project September), Shan-Lyn Ma (Zola) and David Tisch (Spring), is currently working with retailers and e-commerce merchants and expects to announce additional brands and retailers in the coming months.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive B2B founders to accelerate their ideas to market. The firm invests from seed to growth in enterprise software, infrastructure software and industries being transformed by data. BCV has helped launch and commercialize 200-plus companies since 1984, including investments in DocuSign, Kiva Systems, LinkedIn, Rapid7, SolarWinds, SurveyMonkey, Taleo and TellApart. BCV has approximately $3.7 billion of assets under management with offices in San Francisco, New York and Boston. Follow BCV via LinkedIn or Twitter.
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