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Frayt Technologies - About the company
Frayt Technologies is a series A company based in Cincinnati (United States), founded in 2017. It operates as an Offers a platform providing on-demand last-mile delivery services. Frayt Technologies has raised $10M in funding from Refinery. The company has 263 active competitors, including 65 funded and 17 that have exited. Its top competitors include companies like LoadShare, Ninja Van and Veho.
Company Details
Offers a platform providing on-demand last-mile delivery services. It provides door-to-door delivery services including last-mile shipping, retail shipping, local pick-up & delivery, and small-business shipping. The application connects shippers with drivers. The application is available for android and IOS users.
- Website
- www.frayt.com/
- Social
- Email ID
- *****@frayt.com
Key Metrics
Founded Year
2017
Location
Cincinnati, United States
Stage
Series A
Total Funding
$10M in 1 round
Latest Funding Round
Ranked
19th among 263 active competitors
Employee Count
20 as on Jul 01, 2024
Legal entities associated with Frayt Technologies
Frayt Technologies is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Frayt Technologies, Inc. CIN: 822320483 , United States, Active | Jan 12, 2023 | - | - | - |
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Frayt Technologies's funding and investors
Frayt Technologies has raised a total funding of $10M over 1 round. Its latest funding round was a Series A round on Jan 13, 2023 for $*****. 4 investors participated in its latest round. Frayt Technologies has 4 institutional investors.
Here is the list of recent funding rounds of Frayt Technologies:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 13, 2023 | 2969678 | Series A | 9191436 | 6581263 | 8391339 | 7046714 |
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Frayt Technologies' founders and board of directors
Founder? Claim ProfileFrayt Technologies' employee count trend
Frayt Technologies has 20 employees as of Jul 24. Here is Frayt Technologies's employee count trend over the years:
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Frayt Technologies's Competitors and alternates
Top competitors of Frayt Technologies include LoadShare, Ninja Van and Veho. Here is the list of Top 10 competitors of Frayt Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of end-to-end logistics delivery services | $65M | 80/100 | ||
2nd | App-based platform providing last-mile B2C delivery services | $1.1B | 75/100 | ||
3rd | Veho 2016, Boulder (United States), Series B | AI-enable last-mile delivery services for e-commerce companies | $300M | 66/100 | |
4th | Online last-mile delivery services for e-commerce enterprises | $15M | 66/100 | ||
5th |  Relay 2022, London (United Kingdom), Series A | Tech enabled ecommerce delivery services for retailers | $48.8M | 62/100 | |
6th | Provider of standard and custom delivery and logistics solutions | $324M | 62/100 | ||
7th | Provider of last-mile e-commerce delivery solutions | $383M | 62/100 | ||
8th | Provider of sustainable logistics & delivery services for e-commerce businesses | $136M | 60/100 | ||
9th | Gordon Delivery 2015, Stockholm (Sweden), Public | Crowdsourced end-to-end delivery services for businesses | $17.5M | 60/100 | |
10th | Fetchr 2012, Dubai (United Arab Emirates), Deadpooled | App-based platform for booking delivery services | $77M | 59/100 | |
19th | _1575268177574.png?devicePixelRatio=2&height=30&width=30){kind=logo} Frayt Technologies 2017, Cincinnati (United States), Series A | Offers a platform providing on-demand last-mile delivery services | $10M | 51/100 |
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Frayt Technologies's Investments and acquisitions
Frayt Technologies has made no investments or acquisitions yet.
Reports related to Frayt Technologies
Here is the latest report on Frayt Technologies's sector:
News related to Frayt Technologies
•
On-demand delivery provider Frayt eyes large-scale shippers with $7M funding roundSupply Chain Dive•Apr 21, 2023•Frayt Technologies, Refinery
•
Frayt Raises $7M in Series A FundingFinSMEs•Apr 11, 2023•Frayt Technologies, Refinery, Capital Midwest Fund, Venture 53 and 1 other
•
Frayt Selects Branch, a Workforce Payments Platform, to Support Network of Drivers with Faster PaymentsCrowdfund Insider•Sep 07, 2022•Frayt Technologies, Branch
•
•
Bringg Adds to Fleet Network with Frayt and Bungii PartnershipsFleet News Daily•Apr 29, 2020•Bringg, Frayt Technologies, Bungii
•
Kroger Marketplace, Frayt Team on Same-Day Delivery of Home FurnishingsProgressive Grocer•Apr 21, 2020•Kroger, Frayt Technologies
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