Valuation
$1B
2024 Revenue
$91.1M
Funding
$205.4M
Team · 2025
201
Founded
2013
Flexe Revenue, Valuation & Funding (2024)
Flexe generated $91.1M in revenue in 2024.
Flexe is actually a privately held company and is not owned by any other company. Flexe is a Seattle-based technology company that provides on-demand warehousing and fulfillment services. Their platform connects businesses in need of additional storage space with warehouse operators who have extra capacity. This allows businesses to scale their warehousing and fulfillment operations as needed without the fixed costs and long-term commitments of traditional warehousing solutions. Flexe was founded in 2013 and has since grown to become one of the largest on-demand warehousing companies in the world.
Last updated
Flexe Revenue
In 2024, Flexe's revenue reached $91.1M. The company previously reported $35.4M in 2022.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Flexe Hit $91.1m revenue in December 2024 | Not recorded |
| 2022 | Flexe Hit $35.4m revenue in April 2022 | Not recorded |
| 2013 | Launched with $0 revenue |
Flexe Valuation, Funding Rounds
Flexe's most recent disclosed valuation is $1B.
Flexe has raised $205.4M in total funding across 5 rounds, most recently a $67.9M Venture round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Venture | $67.9M | - | - | Not recorded |
| 2021 | Series C | $10M | - | - | Not recorded |
| 2020 | Series C | $70M | - | - | Not recorded |
| 2019 | Series B | $43M | - | - | Not recorded |
| 2016 | Series A | $14.5M | - | - | Not recorded |
Founder / CEO
Karl Siebrecht
CEO
Karl Siebrecht is the Co-Founder and CEO of Flexe and he was the President, CEO, and Director of AdReady. He has a master's degree from The Tuck School of Business at Dartmouth and a bachelor's degree from Duke University.
Customers
We do not have customer count information for Flexe yet.
Flexe Employees & Team Size
Flexe employs approximately 201 people as of 2026, down from 227 in 2024, including 19 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 201 employees (November 2025) | Not recorded |
| 2024 | Reached 227 employees (December 2024) | Not recorded |
| 2024 | Reached 479 employees (October 2024) | Not recorded |
| 2023 | Reached 409 employees (December 2023) | Not recorded |
| 2023 | Reached 542 employees (July 2023) | Not recorded |
| 2022 | Reached 233 employees (December 2022) | Not recorded |
| 2022 | Reached 443 employees (April 2022) | Not recorded |
Frequently Asked Questions about Flexe
What is Flexe's revenue?
As of 2024, Flexe generated $91.1M in revenue.
Who founded Flexe?
Flexe was founded by Karl Siebrecht.
Who is the CEO of Flexe?
The CEO of Flexe is Karl Siebrecht.
How much funding does Flexe have?
Flexe raised $205.4M across 5 rounds.
How many employees does Flexe have?
As of 2025, Flexe had 201 employees.
Where is Flexe headquartered?
Flexe is headquartered in Seattle, Washington, United States.
Compare Flexe to the industry
Flexe operates across multiple industries. Browse revenue, funding, and growth data for Flexe in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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