About Felux
Felux is an Industrial Goods & Manufacturing company based in Cleveland (United States) founded in 2018 by Chris Day. Online B2B marketplace and logistics for steel industry are provided. It operates in the Industrial Goods & Manufacturing, Transportation, Automotive & Logistics, and Retail sectors. Felux has raised $24.6 million across 2 funding rounds from investors including EquipmentShare, 8VC and Expa. Felux offers products and services including Hot Rolled Coil, Cold Rolled Coil, Galvanized Coil, and Freight Booking Service. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and Fulfillment Enablers. Its legal entity is FELUX INC. Its competitors include Shippo, ShipBob and Digimarc; 3 of its 3 listed competitors have raised funding.
Company details
Felux was founded in 2018 in Cleveland, United States. An online B2B marketplace and logistics services for the steel industry are operated by the company. Connections between users are enabled to handle sourcing, procurement, financing, and shipping processes. Real-time order tracking is supported, along with access to a transportation network for efficient management.
- Total Equity Funding$24.6M (USD)
in 2 rounds
- Latest Funding Round$19.5M (USD), Series A
Jun 2022
- InvestorsEquipmentShare
& 6 more
Products & Services of Felux
Felux offers a comprehensive portfolio of products and services, including Hot Rolled Coil, Cold Rolled Coil, Galvanized Coil, and Freight Booking Service.
Steel coil for industrial applications and manufacturing.
Processed steel coil for precision engineering uses.
Corrosion-resistant steel coil for construction purposes.
Service for managing steel product shipments and delivery.
Funding Insights of Felux
Felux has successfully raised a total of $24.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $19.5 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.6M
- Total Rounds 2
- Last Round Series A — $19.5M
- First Round $5.1M
(Aug 2021)
- Investors Count 7
All 2 funding rounds of Felux with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
7 investors in total: 7 institutional.
Investors in Felux
Felux has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include EquipmentShare, 8VC and Expa.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in technology, life sciences, and related sectors. | 8vc.com | |||
Startups are incubated across sectors by the agnostic studio. | expa.com | San Francisco, United States | ||
Venture capital funding is provided to tech startups by JumpStart Ventures. | jumpstart.vc | Cleveland, United States | ||
Tech focused seed & early stage VC firm investing primarily in the US | lightbank.com | Chicago, United States | ||
Early stage VC firm investing in the US | signiaventurepartners.com | Menlo Park, United States | ||
Construction and real estate startups are invested in by Suffolk. | suffolktech.com | Boston, United States | ||
Equipment rental marketplace and digital tools for construction are offered. | 2014 | equipmentshare.com | Columbia, United States |
Investor details for Felux
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People of Felux
10 people are tracked at Felux (6 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Chris Day | Co-Founder | Leadership |
Dallas Hogensen | CEO | Leadership |
Aaron Austermiller | VP of Engineering | Leadership |
Tom Slade | Head of Product | Leadership |
Zak Leighton | VP, Business Development | Leadership |
Ryan Dunlap | Head Of Revenue Operations And Strategy | Leadership |
Tricia Landers | Senior Software Engineer | Team |
Steve Finneral | Senior Software Engineer | Team |
Brett Fene | Data Analyst | Team |
Braden Steffaniak | Senior Software Engineer | Team |
Complete people profiles for Felux
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Timeline of Felux
3 dated milestones of Felux across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Felux is founded.
- Funding First funding round of $5.1M.
- Funding Latest funding round, Series A, of $19.5M.
Competitors of Felux
Felux has 3 listed competitors in our database, 3 of them funded. They include Shippo, ShipBob and Digimarc.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goshippo.com | 2013 | San Francisco, United States | $154M | 127 | Web-based shipping solutions are provided for e-commerce businesses. | |
| shipbob.com | 2014 | Chicago, United States | $332.7M | 1,338 | E-commerce fulfillment solutions are provided for direct-to-consumer brands. | |
| digimarc.com | 1994 | Portland, United States | $60M | 215 | Anti-counterfeiting barcode solutions are supplied to brands and retailers. |
Detailed competitors of Felux
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Top companies in Materials Equipment & Tech
3 companies that operate in the same segment as Felux (Materials Equipment & Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Schrödinger is recognized for developing physics-based software platforms for molecular discovery. | 1990 | New York, New York, United States | USD 162 M | USD 255.87 M | 891 | |
Critical minerals are recovered from e-waste via electro-extraction technology. | 2017 | Knoxville, Tennessee, United States | USD 65.23 M | |||
Provider of AI-based solutions for materials informatics | 2013 | Redwood City, California, United States | USD 81.26 M | 53 |
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Frequently Asked Questions about Felux
Felux was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Felux is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Felux is a funded company, having raised a total of $24.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5.1M, raised on Aug 2021.
Felux was founded in 2018 in Cleveland, United States. An online B2B marketplace and logistics services for the steel industry are operated by the company. Connections between users are enabled to handle sourcing, procurement, financing, and shipping processes. Real-time order tracking is supported, along with access to a transportation network for efficient management.
Felux offers Hot Rolled Coil, Cold Rolled Coil, Galvanized Coil, and Freight Booking Service.
Felux has 7 investors. Key investors include EquipmentShare, 8VC, Expa, JumpStart Ventures, and Lightbank.
Felux operates through Felux Inc..