Flexe, a Seattle, WA-based programmatic logistics company, raised $119M in Series D funding.
The round was led by BlackRock with participation from Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, funds and accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, and Tiger Global.
The company intends to use the funds to continues to expand adoption for its logistics programs.
Led by CEO Karl Siebrecht, Flexe provides solutions to deliver innovative eCommerce fulfillment, retail distribution, and network capacity programs to the Fortune 500. It solves the omnichannel logistics problems for the retailers and brands, who can integrate technology, open logistics networks, and elastic economic models to move fast, at scale.
Six of the ten largest retailers and four of the five largest consumer packaged goods companies work with Flexe to run programmatic logistics as part of their supply chain strategies.
FinSMEs
07/07/2022