23 Jul '16, 4pm

Series A Saturday: FLEXE raises $14.5M Series A led by Redpoint Ventures

Series A Saturday: FLEXE raises $14.5M Series A led by Redpoint Ventures

This week FLEXE announced a $14.5M Series A round led by Menlo Park-based Redpoint Ventures . If you haven’t heard of FLEXE don’t feel bad, you probably just haven’t been in need of warehouse space. Founded just three years ago, FLEXE helps find extra space in warehouses for companies looking for warehouse space. “The goal for Flexe is to help those with unused space earn additional revenue, while enabling businesses to utilize a pay-as-you-go, on-demand model when they need additional warehouse space. This provides an alternative solution to the fixed costs that often come with a lease, particularly for retailers that only need extra storage space for a limited amount of time — perhaps a beverage vendor that sees sales spike in the summer, or a retailer that sells its inventory during the holiday season.” (Source – GeekWire ) There are a number of startups like FLEXE open...

Full article: http://morganlinton.com/series-a-saturday-flexe-raises-14...

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