About DrayNow
DrayNow is a company based in Philadelphia (United States) founded in 2015. DrayNow has raised $15 million across 4 funding rounds from investors including Ben Franklin Technology Partners, Norfolk Southern and Genacast. DrayNow operates in a competitive market with competitors including Dray Alliance, Mothership Technologies, Torch Logistics, Qwqer and PockitShip, among others.
- Headquarter Philadelphia, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Draynow, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$15 M (USD)
in 4 rounds
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Latest Funding Round
$8 M (USD), Series B
Sep 06, 2023
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Investors
Ben Franklin Technology Partners
& 4 more
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Employee Count
Not available
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People of DrayNow
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Funding Insights of DrayNow
DrayNow has successfully raised a total of $15M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in September 2023. 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.
Investors in DrayNow
DrayNow has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Ben Franklin Technology Partners, Norfolk Southern and Genacast.
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Investment and support are provided for Pennsylvania's tech-based companies.
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Venture capital firm investing in seed-stage technology startups.
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Comcast Ventures is focused on investing in technology startups.
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Investor details for DrayNow
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Investments & Acquisitions by DrayNow
Investment portfolio details for DrayNow
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Financial Statements - DrayNow
Detailed financials for DrayNow
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Draynow Comparisons
Peer comparison for DrayNow
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Competitors of DrayNow
DrayNow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dray Alliance, Mothership Technologies, Torch Logistics, Qwqer and PockitShip, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Container drayage services are booked via an AI-enabled online marketplace.
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Online platform for booking trucks
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Online platform providing short-haul services
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An online platform is operated for truck-based shipment delivery.
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Provides online togel gambling with secure transactions, transparency, and user-friendly access.
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Detailed competitors of DrayNow
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Latest news on Draynow
Complete news archive for DrayNow
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Frequently Asked Questions about DrayNow
DrayNow was founded in 2015 and raised its 1st funding round 2 years after it was founded.
DrayNow is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
DrayNow is a funded company, having raised a total of $15M across 4 funding rounds to date.
DrayNow was founded in 2015 in Philadelphia, United States, within the logistics sector focused on intermodal freight. An online platform is maintained where carriers browse available loads and apply filters for location, date, and availability. Post-delivery, documents are uploaded to facilitate payment processing. The service operates through mobile applications on Android and iOS, supporting brokers and carriers in the freight industry.
DrayNow's top competitors include Dray Alliance, Mothership Technologies and Torch Logistics.
DrayNow has 5 investors. Key investors include Ben Franklin Technology Partners, Norfolk Southern, Genacast, Comcast Ventures, and Osage Venture Partners.