With online sales driven to an all-time high during the pandemic, e-commerce retailers have been shelling out more products to keep up with consumer demand. This also means that some businesses are in need of more space to store all these products in order to ship them out. Enter Flowspace with its on-demand warehouse fulfillment solution for businesses of all sizes.
The Los Angeles company just secured $31 million in a Series B funding round led by BuildGroup, bringing its total funding since its 2017 inception to $46 million. Its cloud-based logistics software works to help manage businesses’ storage, fulfillment and transportation needs from one interface. Flowspace offers solutions for SMBs, wholesalers, enterprises and startups.
“The pandemic has accelerated the adoption of e-commerce among businesses and consumers alike and warehousing and fulfillment is critical in supporting this growth,” Ben Eachus, co-founder and CEO of Flowspace, said in a statement. “We make it easy for brands to scale by giving them access to one of the largest and most efficient fulfillment networks in the country.”
Flowspace’s technology integrates with its customers’ online stores so its employees can start working on fulfilling an order the moment it’s placed. It uses AI and machine learning to provide predictive market insights to retailers, as reported by VentureBeat, and it allows customers to track inbound and outbound shipments and see an overview of everything inside their reserved warehouse.
“In the same way that the pandemic increased adoption of video conferencing, it also accelerated the adoption of plug-and-play warehousing and fulfillment services by retailers and e-commerce companies,” Jim Curry, co-founder and managing partner of BuildGroup, said in a statement. “As the industry continues to advance, no company is better positioned for long-term category leadership than Flowspace.”
The company is planning to invest the capital from this round in expanding its network of fulfillment centers as it builds upon its recent growth. It currently has more than 1,000 centers across the country, according to its website, and its platform runs in hundreds of partnering fulfillment centers across the country.
Flowspace is also actively hiring to grow its team, with remote positions available in engineering, finance, product, sales and more.
