Logistics startup Flexe raises $119 mn in VC funding

Flexe, the logistics startup, has raised $119 million in a series D VC funding round from investors including BlackRock and Tiger Global.
Dollar spending on technologyFlexe also drew new investments from funds and accounts managed by T. Rowe Price Associates, Madrona Ventures and Prologis Ventures among others. Flexe had raised $70 million nearly two years ago.

Seattle-based Flexe, founded in 2013, provides scalable warehousing solutions, retail distribution and same-day delivery.

Venture capital firms such as Andreessen Horowitz and SoftBank Vision Fund 2 have helped warehousing firms such as San Francisco-headquartered Flexport and Flock Freight raise millions of dollars.

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