Flow, a Hoboken, NJ-based cross-border e-commerce solution for brands and retailers, raised $37M in Series B funding.
Backers included New Enterprise Associates (NEA), American Express Ventures, and Latitude Ventures.
The company intends to use the funds to:
– expand its product offerings and development,
– invest in current customers and customer acquisition,
– increase staffing, and
– grow in the U.S. and Europe.
Co-founded by Rob Keve, CEO, and Mike Bryzek, CTO, Flow provides a cross-border solution which allows global brands to automate and simplify the international e-commerce process by offering benefits such as multi-currency pricing, cost efficient and rapid shipping, international payment options, defined taxes and duties, and returns.
The company’s client base includes traditional brands such as MZ Wallace and Charles & Colvard, digitally native brands such as MVMT Watches, M. Gemi, and Carbon38 and omnichannel retailers and marketplaces such as Stadium Goods and Goop.