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Logistic Company Flexe Raises $119M, Becomes Unicorn

Seattle-based logistics company Flexe has raised $119 million in a Series D funding round that will help the brand continue to solve omnichannel logistics issues and also pushed it into unicorn territory as a private company with a valuation of more than $1 billion, according to a Tech Funding News report.

Flexe’s fundraising round included participation from funds and accounts managed by BlackRock (which invested in SumUp and AlphaSense) and follow-on investment from Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, funds and accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management, and Tiger Global, the Thursday (July 7) report said.

The fresh capital comes to Flexe at a time when enterprises are continuing to accelerate its logistics program adoption, according to the report.

“Flexe uniquely helps enterprise retailers and brands solve big supply chain challenges and excel in uncertain environments,” said Samir Menon, BlackRock Private Equity Partners, in the report. “Flexe has demonstrated that programmatic logistics deliver value for the world’s most demanding companies. We’re pleased to partner with a category creator that is transforming a massive industry.”

Flexe’s model brings together on-demand warehousing with flexible eCommerce fulfillment, distribution and transportation through one technology platform.

“Despite changing economic conditions, Flexe added nearly as many enterprise customers in the first six months of 2022 as it did all of last year and continues to see strong demand,” said Karl Siebrecht, co-founder and CEO at Flexe, in the report. “Our model allows organizations to scale fast in strong economic environments and reduce risk, capital investment and long-term commitments when they face uncertainty.”

Flexe seems to be an intriguing startup and definitely has potential to grow tremendously. Congratulations and my best wishes to the entire team of flexe for future success

Shishir Gupta CEO & Founder of Startuplanes

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