What is FLEXE? FLEXE Review

history

The story of Flexe began at a birthday party in 2013. Agarwal, a friend of Karl Siebrecht, was looking for a suitable storage space to store his company's goods. On the one hand, the company's business volume was growing at a rate of 30% per year, and on the other hand, most storage spaces were leased for a period of 5 years, which led Agarwal to either purchase a storage space that was too large, resulting in excessive costs. Thus, Flexe came into being.

Advantages

1. Unified Software: A simple, sophisticated platform that is easy to use and provides centralized visibility and control.

2. Dedicated expertise: A team of logistics experts is committed to your business success day in and day out.

3. Connected Network: Over 1,000 warehouses, the largest scalable warehouse and fulfillment provider network.

Operational Model

1. Enterprises that need warehouses can search for the most suitable warehouse on the platform

2. Upload SKU information to FLEXE

3. Arrange inbound goods delivery to FLEXE warehouse

4. Monitor real-time inventory levels in FLEXE

5. Arrange retail replenishment as needed

develop

In May 2017, Flexe launched an overnight delivery service. Since the inventory is spread across the country, overnight delivery can be completed by trucks without the need for airplanes, which is much cheaper.

Financing

In September 2013, FLEXE received US$1.9 million in financing.

In November 2015, FLEXE received US$4.4 million in financing, with participation from Fritz Lanman, Hank Vigil, Second Avenue Partners, and SV Angel.

In July 2016, FLEXE received $14.5 million in venture financing, led by Redpoint Ventures. The company did not disclose the list of other investors.

References

• 1. Introduction to Flexe’s advantages: Official website [cited on 2019-01-17]