Firm Advises Flexe on $119 Million Series D Financing
- Client Highlights
On July 6, 2022, Flexe, the programmatic logistics leader, announced a $119 million Series D financing round at a $1 billion-plus post-money valuation. The round includes new investments from funds and accounts managed by BlackRock and follow-on investment from Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, funds and accounts managed by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and Tiger Global. Wilson Sonsini Goodrich & Rosati advised Flexe on the transaction.
Flexe continues to see accelerated demand for its logistics programs. An uncertain macroeconomic environment, rapidly shifting consumer behaviors, forecast variability, and supply chain gridlocks have led retailers and brands to strategically embrace logistics flexibility. Flexe’s logistics programs are an increasingly critical aspect of its customers’ operations. Six of the 10 largest retailers and four of the five largest consumer packaged goods companies work with Flexe to run programmatic logistics as part of their supply chain strategies.
The Wilson Sonsini team that advised Flexe on the transaction included Craig Sherman, James Babikian, Aletha Tarn, Adam Iyob, and Nicole Marshall.
For more information, please see Flexe’s news release. Further coverage is available on GeekWire.