Flowspace, an on-demand warehousing and fulfillment technology company,
today announced $12M in Series A funding.
Silicon Valley-based Canvas Ventures led the new round with
participation from Moment Ventures, 1984 Ventures and Y Combinator.
Founded in 2017, Flowspace had previously raised $3.4M in seed funding.
Flowspace is transforming how businesses manage warehousing and
fulfillment, especially for ones that have multi-channel needs. The
growth of e-commerce is requiring all businesses to develop new
capabilities. Flowspace offers modern cloud-based inventory, order and
warehouse management software, a nationwide warehouse network reaching
every major U.S. market, and flexible month-to-month pricing to partner
with growing businesses. Its solution is setting the new benchmark for
customers to store, fulfill and transport products across the U.S.
“Flowspace customers – enterprise, small and mid-size businesses,
importers, manufacturers, and e-commerce retailers – rave about its
platform and best-in-class service. The company has truly transformed
every customer’s approach to warehousing and fulfillment, especially for
those who have multi-channel needs,” says Paul Hsiao, General Partner at
Canvas Ventures and Flowspace’s newest board member. “I’ve been
impressed with the team, their pace of innovation and ability to scale.
Flowspace continues to raise customer expectations for the space every
day and is well-positioned to lead this category.”
Flowspace’s top executive also sees huge potential for the company
“Our vision is to become the fulfillment infrastructure for any company
with inventory. We provide a massive warehouse and fulfillment network,
real-time visibility into inventory levels, and an easy-to-use software.
I am proud of what our team has built and grateful to the hundreds of
customers and warehouses who use Flowspace today,” said Flowspace
co-founder and CEO Ben Eachus. “We look forward to expanding our
footprint, accelerating growth, and increasing investment in our
Jun-Sheng Li, who was previously SVP Global E-Commerce Supply Chain at
Walmart and founder and CEO of Transplace, commented, “Flowspace is
embarking on a massive opportunity. Ben’s experience leading warehousing
and fulfillment at high-growth e-commerce companies gives him a unique
insight into what customers need to do in order to be successful. His
team has innovated rapidly and they are well positioned to execute on
About Canvas Ventures
Named a “Top VC Firm to Watch” by the 2015 Forbes Midas List, Canvas is
an early-stage venture capital firm based in Silicon Valley. Its key
investment areas include AI/machine learning, marketplaces, and new
enterprise, and its partners have invested in and worked with more than
10 technology start-ups from founding to IPOs – including Mulesoft,
Upwork, Boingo, Lending Club and others. Canvas portfolio companies
include: 11 Honoré, Casetext, Eden, Eporta, Figure Eight (Appen), Fluxx,
Folloze, Functionize, FutureAdvisor (Blackrock), Gabi, Kidbox, Kinetica,
Luminar Technologies, Owl Car Cam, Platform9, Roofstock, Thrive Global,
Totango, Transfix, Vida Health, Viewics (Roche), and Zola. Visit us at www.canvas.vc.
Flowspace is a next generation logistics company that provides on-demand
warehousing and fulfillment services to businesses of all sizes. The
company handles the storage, transportation and services of inventory on
a month-to-month basis. By using the company’s easy-to-use online cloud
platform, Flowspace customers gain immediate access to hundreds of
professionally operated warehouses that are strategically located
throughout the U.S. More information on the company and its services can
be viewed online at: https://www.flow.space