Flowspace raises $12 million in funding

On-demand warehousing and fulfillment technology firm Flowspace has raised $12 million in Series A funding, the company said today.

Led by Silicon Valley-based Canvas Ventures, the funding includes support from Moment Ventures, 1984 Ventures and Y Combinator, and adds to previously raised seed funding of $3.4 million, according to the company.

Flowspace provides 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 for growing businesses, the company said. It will use the new round of funding to advance its cloud software platform, expand its network and accelerate growth, the company also said.