On December 1, 2020, Seattle-based FLEXE, an on-demand warehousing and fulfillment leader, announced the close of its $70 million Series C financing round. The round includes a first-time investment from funds and accounts advised by T. Rowe Price Associates, Inc., as well as follow-on investments from Activate Capital, Tiger Global, Madrona Ventures, Redpoint Ventures, Prologis Ventures, and others. FLEXE will use the new funding to invest in its team and technology, building solutions that help enterprise-class retailers and brands better execute flexible omnichannel operations. Wilson Sonsini Goodrich & Rosati represented FLEXE in the transaction.
Since the COVID-19 pandemic accelerated a shift to online shopping, e-commerce growth has been matched by increased consumer demands for fast, free shipping, exposing the need for businesses to quickly scale and adapt their logistics networks without investing billions of dollars in fixed warehousing infrastructure. FLEXE helps businesses create dynamic e-commerce fulfillment networks and resolve warehouse capacity constraints.
The Wilson Sonsini team that advised FLEXE in the transaction includes Craig Sherman, James Babikian, and Amy Ellis.
For more information, please see FLEXE's press release.