Flexe, a Seattle, WA-based on-demand warehousing and fulfillment company, raised $43m in Series B funding.
The round was led by Activate Capital and Tiger Global Management, with participation from Madrona Venture Group, Redpoint Ventures, Prologis Ventures, and others. In conjunction with the funding, Raj Atluru, Managing Director at Activate Capital, joined Flexe’s Board.
The company intends to use the funds to accelerate the development of its technology platform and more than double the size of its team.
Led by Karl Siebrecht, Co-Founder and CEO, Flexe provides an on demand warehousing and fulfillment platform to optimize the global delivery of goods.
Since launching in 2013, the company has created a large open network of warehouses connected through a single technology platform. Today, goods owners of all sizes can access more than 1,000 warehouses across North America.