With the coronavirus pandemic causing drastic changes in supplyand demand for merchandise, a company that matches buyers, sellersand renters of warehouse space is gearing up to meet changingneeds.
Warehouse Exchange recently revealed the closing of a$2.2-million deal to fund for new space.
The company that calls itself the "virtual place for space" andthe "AirBNB of warehousing" said the package includes newinvestments by major real estate firms, plus e-commerce, retail anddistribution companies. Warehouse Exchange expressed plans to usethe funding to hire additional workers at its Los Angelesheadquarters, build out its advanced artificial intelligencealgorithm and technology platform, and add marketing and salesstrength.
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