Flexe

Flexe

On-demand warehousing and fulfillment services

About Flexe

Simplify's Rating
Why Flexe is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Industrial & Manufacturing

Consumer Goods

Company Size

201-500

Company Stage

Series D

Total Funding

$319.8M

Headquarters

Seattle, Washington

Founded

2013

Overview

Flexe provides logistics and supply chain management services tailored for the e-commerce market. The company offers on-demand warehousing and fulfillment solutions that allow businesses to manage their inventory and order fulfillment more effectively. By utilizing a large network of open warehouses, Flexe enables companies to adjust their storage needs without long-term commitments, making it easier to scale operations based on demand. This flexibility is particularly advantageous for e-commerce businesses that need to position their products closer to customers to enhance delivery speed and reduce transportation costs. Flexe's same-day delivery service sets it apart from competitors, helping clients compete with larger companies like Amazon. The company generates revenue by charging for its warehousing and fulfillment services, and it emphasizes cost savings and operational efficiency as key benefits of its offerings.

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Simplify's Take

What believers are saying

  • Growing e-commerce market increases demand for flexible warehousing solutions like Flexe's.
  • Seattle's logistics tech talent pool provides Flexe with skilled workforce and partnership opportunities.
  • Digital transformation in logistics offers Flexe opportunities to enhance technology-driven solutions.

What critics are saying

  • Increased competition from new Seattle logistics startups like Auger and Freightmate.
  • Decline in freight volumes and high interest rates strain Flexe's financial stability.
  • Recent layoffs and executive departures may disrupt Flexe's growth and service delivery.

What makes Flexe unique

  • Flexe offers on-demand warehousing, reducing fixed-term commitments for businesses.
  • Same-day delivery service helps Flexe compete with major players like Amazon.
  • Flexe's technology-driven logistics solutions enhance operational efficiency for e-commerce businesses.

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Funding

Total Funding

$319.8M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$119M
Flexe

Benefits

Med­ical, den­tal, & vision insurance

401k with employ­er match

4 weeks PTO

Additional 13 paid com­pa­ny hol­i­days

2 days of vol­un­teer PTO

12 weeks paid parental leave

Ful­ly remote, in-office, or hybrid work environment

$300 home office stipend

Month­ly home inter­net reimbursement

Employ­ee sup­port groups, social groups, & men­tor­ship program

Employ­ee-dri­ven pro­grams for volunteering

Man­ag­er devel­op­ment pro­gram & resources

Access to free LinkedIn Learn­ing courses

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-8%

2 year growth

-1%
GeekWire
Dec 4th, 2024
A List Of Logistics Startups In Seattle, A ‘World-Class’ Hub For Supply Chain Software Talent

The Seattle waterfront and Port of Seattle properties, with a container ship and West Seattle in the background. (GeekWire Photo / Taylor Soper)Buoyed by longtime logistics giants such as Amazon and the rapid rise of trucking startup Convoy, the Seattle region has emerged as a major epicenter for supply chain software innovation.There are at least 15 startups in the Seattle area (listed below) that develop logistics software to help companies move and manage physical goods.The supply chain talent pool in Seattle has a unique blend of “technical skill and customer focus required to win in today’s economy,” said Jason Murray, a former Amazon vice president and co-founder of Seattle-based shipping logistics startup Shipium.That talent can be traced back to global corporations in Seattle such as Starbucks, Costco, Expeditors, and Amazon.The city has an abundance of “supply chain awareness,” said Dan Lewis, co-founder and former CEO of Convoy, a one-time darling of Seattle’s startup scene that raised investment from the likes of Jeff Bezos and Bill Gates. The digital trucking marketplace was valued at more than $3 billion before shutting down in 2023 and selling its assets to Flexport, which re-launched the platform this year and has a Seattle-area satellite office.The supply chain crisis during the pandemic, along with advances in mobile, AI, and other software-related technologies, has driven interest and funding to logistics startups, Lewis said. Lewis and his co-founder Grant Goodale cut their teeth at Amazon before launching Convoy in 2015.Other Amazon leaders have taken the startup leap into logistics in Seattle, including Dave Clark, the former Amazon Worldwide Consumer CEO who just raised $100 million for Auger, a supply chain tech startup.An Amazon electric van in Seattle. (GeekWire Photo / Kurt Schlosser)Clark, who was recently based in Dallas, returned to the Seattle area to launch Auger.“I think some of the best talent in the world for this particular problem space lives in Seattle,” he told GeekWire in October.Bryan Lacaillade is another former Amazonian now leading a Seattle-area logistics startup, launching Freightmate earlier this year.“Seattle’s logistics tech ecosystem is truly world-class and was the primary reason we chose to launch Freightmate here,” said Lacaillade, who previously worked at Flexport.Mo Afshar, CEO of Pipe17, a Seattle e-commerce operations startup, said the physical proximity to Amazon gives his company an advantage.“Amazon has defined a lot of what logistics means in the modern world, so being in the same city really makes a difference,” he said. Seattle has built a reputation around the country as a hub for logistics tech talent

WebWire
Nov 21st, 2024
Flexe Ranked Number 370 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500(TM)

Flexe ranked number 370 fastest-growing company in North America on the 2024 Deloitte Technology Fast 500(TM).

GeekWire
Oct 2nd, 2024
Tech Moves: Flexe taps new CTO; Talus adds head of biology; Vouched names a sales VP

- Pirasenna Thiyagarajan joined Seattle warehousing logistics and shipping startup Flexe as its chief technology and product officer.

GeekWire
Mar 26th, 2024
Next Tech Titan: Motherduck, Rec Room, Statsig, Submittable, Zuper Vie For Pivotal Geekwire Award

Smartsheet CEO Mark Mader accepts the Next Tech Titan award at the GeekWire Awards in 2016. Eight years later, Smartsheet is a publicly traded company valued at more than $5 billion, recently surpassing $1 billion in annualized recurring revenue. (GeekWire File Photo / Kevin Lisota)Which company will be the next tech titan to emerge from the Pacific Northwest?GeekWire’s startup coverage seeks to answer this fundamental question every day, at least implicitly. But once a year, we formalize the process through the Next Tech Titan category in the GeekWire Awards, our annual event recognizing the top innovators and companies in Seattle and the Pacific Northwest.Continue reading for details on each finalist, and a sampling of past Next Tech Titan winners as evidence of the predictive capabilities of this award. Vote here or below in this GeekWire Awards category, which is presented by Baird.And the finalists for Next Tech Titan are … MotherDuck, a serverless data analytics platform built on the open-source platform DuckDB, an in-process online analytical processing database, or OLAP. Its technology makes it simpler for businesses to run analytics on their data, rather than relying on more expensive services from large cloud vendors

PYMNTS
Jan 29th, 2024
Logistics Startups Slash Jobs As Freight Volumes Drop

Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, as The Wall Street Journal (WSJ) noted in a report Monday (Jan. 29). Among the companies cutting jobs this year are Flexport, warehousing provider Flexe and digital broker Uber Freight, the report said, as weaker freight volumes and high interest rates leave firms feeling stretched

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