Irvine-based logistics startup Flowspace Inc. secured $2.2 million in funding last month, adding to the $1.2 million in seed money it raised in November. It provides flexible monthly warehouse rentals. Warehouse staff handle receiving and shipping and provide services such as storage and transportation.
The round was led by Palo Alto-based firm Moment Ventures and included investments by Y Combinator in Mountain View, and 1984 Ventures in San Francisco.
Customers can rent portions of a warehouse. The average rentable size fits 200 pallets, or about 2,000 square feet, according to Flowspace co-founder and Chief Executive Ben Eachus.
Eachus previously oversaw fulfillment and operations at The Honest Co. in Santa Monica. He co-founded the company with Chief Technology Officer Jason Harbert, who previously led engineering teams at Los Angeles-based tech company Oversee.net.
Flowspace has eight full-time employees and more than 100 warehouse partners. It expanded its footprint in April, extending into Phoenix, Las Vegas, Atlanta, New Jersey and Houston.
— Subrina Hudson
