Flowspace, a California-based on-demand warehousing and fulfillment startup, announced its Series A investment raise of $12 million, which was led by Canvas Ventures. The round also saw participation from Moment Ventures, 1984 Ventures and Y Combinator. In total, Flowspace has raised $15.5 million since its inception in 2017.
Flowspace helps small- and mid-sized companies by sourcing warehousing space for their needs. This allows businesses to scale up rapidly and concentrate on gaining more customers, rather than stagnate with the burden of finding warehouses to stock products.
Ben Eachus, the CEO of Flowspace, explained that the startup can identify warehouse space based on their client’s requirements – typically within a day. That apart, the fulfillment space also comes without the long technical integration process that is usually required by warehouses before they stock products.
The company has automated the process of sourcing warehouse space, and handles the storage, transportation and services of inventory on a per-month basis. While on the Flowspace platform, clients gain access to hundreds of professionally