Raft - About the company
Raft is a series B company based in London (United Kingdom), founded in 2017 by James Coombes. It operates as a Developer of agentic software platforms for automating supply chain operations. Raft has raised $30M in funding from investors like Eight Roads Ventures, Bessemer Venture Partners and Booom. The company has 852 active competitors, including 80 funded and 56 that have exited. Its top competitors include companies like WiseTech Global, Kale Logistics Solutions and Descartes.
Company Details
Developer of agentic software platforms for automating supply chain operations. This technology centralizes fragmented data to create a unified source of truth for logistics organizations. The software enables the deployment of autonomous agents to manage tasks such as customs documentation, invoice processing, and shipment tracking. By integrating with existing management systems, the platform coordinates workflows across departments to execute repetitive administrative functions without manual intervention. The system provides visibility into operational processes and applies rules-based logic to handle complex logistics requirements.
- Website
- raft.ai
- Email ID
- *****@raft.ai
Key Metrics
Founded Year
2017
Location
London, United Kingdom
Stage
Series B
Total Funding
$30M in 2 rounds
Latest Funding Round
Investors
Ranked
7th among 852 active competitors
Employee Count
131 as on Jul 31, 2026
Similar Companies
Legal entities associated with Raft
Raft is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VECTOR AI LTD CIN: 11063616 , United Kingdom, Active | Nov 13, 2017 | - | 46 (As on Dec 31, 2024) |
Sign up to download Raft's company profile
Raft's funding and investors
Raft has raised a total funding of $30M over 2 rounds. Its latest funding round was a Series B round on Jul 10, 2023 for $*****. 6 investors participated in its latest round. Raft has 6 institutional investors.
Here is the list of recent funding rounds of Raft:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 10, 2023 | 3364163 | Series B | 1544975 | 2945196 | 4825970 | 8451287 |
View details of Raft's funding rounds and investors
Raft's founders and board of directors
Founder? Claim ProfileThe founders of Raft is James Coombes. James Coombes is the CEO of Raft.
Here are the details of Raft's key team members:
- James Coombes: Co-Founder & CEO of Raft and founder of 1 other company. They serve on the boards of 2 companies.Contact Info: 2 email addresses
Raft's Board of Directors
Raft's board has 3 active members. James Coombes, Nisarg Mehta and Michael Treskow are independent board members.Here is the list of Raft's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 8y 9m | |
ofleqeb | Independent board member | - | Current | 7y 6m |
{xihvmx | Independent board member | - | Current | 9y 3m |
View details of Raft's Founder profiles and Board Members
Raft's employee count trend
Raft has 131 employees as of Jul 26. Here is Raft's employee count trend over the years:
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Raft's Competitors and alternates
Top competitors of Raft include WiseTech Global, Kale Logistics Solutions and Descartes. Here is the list of Top 10 competitors of Raft, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | WiseTech Global 1994, Alexandria (Australia), Public | Provider of a cloud-based logistics software suite | $35M | 74/100 | |
2nd | Kale Logistics Solutions 2010, Thane (India), Series B | Provider of cloud-based platforms for logistics, ports, and trade facilitation | $40.1M | 71/100 | |
3rd | Provider of cloud-based solutions for logistics and supply chain management | - | 64/100 | ||
4th | Magaya Corporation 2001, Miami (United States), Late Stage | Provider of cloud-based supply chain and logistics software for businesses | - | 63/100 | |
5th | Senior Sistemas 1988, Blumenau (Brazil), Unfunded | Provider of enterprise resource planning, supply chain, and human capital solutions | - | - | 63/100 |
6th | DispatchTrack 2011, Saratoga (United States), Late Stage | AI-powered last mile delivery software optimizing logistics and customer experience | $144M | 62/100 | |
7th | Raft 2017, London (United Kingdom), Series B | Developer of agentic software platforms for automating supply chain operations | $30M | 60/100 | |
8th | RXO 1998, San Francisco (United States), Public | Cloud based platform providing freight forwarding solutions | - | - | 60/100 |
9th | Vector AI 2017, London (United Kingdom), Series A | AI & web-based automated freight forwarding and management solution for the logistics industry | $15M | 60/100 | |
10th | Bearing.ai 2018, Palo Alto (United States), Series A | Provider of AI-powered platform for optimizing maritime shipping operations | $7M | 57/100 |
Looking for more details on Raft's competitors? Click here to see the top ones
Raft's Investments and acquisitions
Raft has made no investments or acquisitions yet.
Reports related to Raft
Here is the latest report on Raft's sector:
News related to Raft
Media has covered Raft for 1 event in last 1 year, It was about company updates.
•
•
•
•
London-based StackOne gets €3.3 million to provide a real-time unified API for B2B SaaS companiesZephyrnet•Mar 05, 2024•StackOne, Episode 1 Ventures, Playfair Capital, Portfolio Ventures and 12 others
•
•
•
Raft, which services freight forwarders, closes $30M Series B led by Eight Roads VCTech.eu•Jul 11, 2023•Raft, Eight Roads Ventures, Bessemer Venture Partners, Episode 1 Ventures and 2 others
•
•
Raft Partners with PayCargo to Deliver Industry-Leading Payment Process for Freight ForwardersGlobeNewswire•Nov 15, 2022•PayCargo, Raft
Are you a Founder ?
FAQs about Raft
Explore our recently published companies
- Taproots HC - Breaux Bridge based, Unfunded company
- Cup of Sugar - Fort Lauderdale based, Unfunded company
- Friulinsufflaggi - Italy based, Unfunded company
- Luminar Global Holding - Saudi Arabia based, 2026 founded, Unfunded company
- Teresa Phipps - Unfunded company
- Parris Everhart | Ocean Reef Club Real Estate Expert - Key Largo based, Unfunded company
