附近上门

Seattle-based logistics startup raised a $119 million Series D at a $1 billion-plus post-money valuation, as the world continues to grapple with supply chain disruptions.

The round included new investments from funds and accounts managed by and follow-on investment from , , and , as well as funds and accounts advised by and T. Rowe Price Investment Management, and .

Flexe鈥檚 programmatic logistics technology platform helps large retailers and other brands with e-commerce fulfillment, scalable warehousing solutions and retail distribution. Such technologies have become valuable to retailers as they navigate an uncertain economy, changing consumer behaviors and supply chain gridlock.

Logistics and money

Later-stage growth rounds have been harder to raise this year than last. However, investors remain interested in logistic and supply chain tech as the world continues to try to overcome distribution issues born out of the pandemic.

VC-backed logistic startups have raised nearly $11.5 billion this year, . While not on pace to reach the nearly $24.5 billion raised last year, companies like , Michigan-based , and San Francisco-based have seen big rounds.

“Despite changing economic conditions, Flexe added nearly as many enterprise customers in the first six months of 2022 as it did all of last year and continues to see strong demand,” said , co-founder and CEO at Flexe.

Founded in 2013, Flexe has raised more than $260 million, according to 附近上门 data. The company last raised an $80 million Series C that closed in early 2021.

Further reading:

• Logistics Startup Veho Stocks Up With Another Big Raise To Reach $1.5B Valuation
• After Record Year, Supply Chain Funding Shows No Signs of Breaking Down

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