Flowspace, an Irvine, CA-based next generation logistics startup that provides immediate on-demand warehousing and fulfillment services to businesses of any size, raised $2.2m in funding.
The round was led by Moment Ventures of Palo Alto, with participation from 1984 Ventures and Y Combinator.
The company intends to use the funds to scale the business.
Founded in 2017 by CEO Ben Eachus, Flowspace provides on-demand warehousing and services to businesses of all sizes. The company handles the storage, transportation and services of inventory on a month-to-month basis. By logging into the online platform, customers gain access to hundreds of professionally operated warehouses that are strategically located throughout the U.S.
Many businesses use the platform to manage overflow inventory, deploy direct to consumer shipping, or to accommodate an influx in inventory due to seasonal demands. Others as a low-risk/low-cost way to launch and/or replenish distribution centers in key markets on an ‘as-needed’ basis.
The company has previously raised $1.2M in seed funding.