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Flexe Secures Institutional Venture Capital

Friday, July 22, 2016 5:49:00 AM PDT | VentureDeal



Seattle, Washington  --  Internet technology company Flexe has landed $14.25 million in new venture capital funding.

Flexe is developing a warehousing space marketplace that "helps enterprises scale their logistics capabilities, reducing supply chain complexity, fulfillment time and costs."

Redpoint Ventures led the round, which included other undisclosed investors.

The company said it would use the funding to meet demand for its marketplace service.

The company was co-founded by CEO Karl Siebrecht in August, 2013.

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