About DrayNow
DrayNow is a Transportation, Automotive & Logistics company based in Philadelphia (United States) founded in 2015. Online marketplace for intermodal freight carriers and brokers. DrayNow has raised $15 million across 4 funding rounds from investors including Ben Franklin Technology Partners, Norfolk Southern and Genacast. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its legal entity is DRAYNOW, INC. Its competitors include Dray Alliance, Mothership Technologies and Torch Logistics; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Philadelphia, United States
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website draynow.com
- Social LinkedIn X Facebook Instagram
- Legal Name Draynow, Inc.
- Total Equity Funding$15M (USD)
in 4 rounds
- Latest Funding Round$8M (USD), Series B
Sep 2023
- InvestorsBen Franklin Technology Partners
& 4 more
Apps and channels of DrayNow
DrayNow publishes 2 mobile apps with over 10K+ downloads.
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.
- Total Funding $15M
- Total Rounds 4
- Last Round Series B — $8M
- First Round $2M
(Feb 2017)
- Investors Count 5
All 4 funding rounds of DrayNow with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $8M | Series B | – | Norfolk Southern Corp | – |
| Jun 2020 | Series A | – | Ben Franklin Technology Partners | – | |
| Aug 2018 | $5M | Series A | – | Comcast Ventures | |
| Feb 2017 | $2M | Seed | – | Genacast Ventures | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and support are provided for Pennsylvania's tech-based companies. | 1983 | benfranklin.org | State College, United States | |
Venture capital firm investing in seed-stage technology startups. | genacast.com | |||
Comcast Ventures is focused on investing in technology startups. | comcastventures.com | San Francisco, United States | ||
Early-stage venture capital fund investing in B2B software startups | osageventurepartners.com | Bala Cynwyd, United States | ||
Freight transportation services are provided across the United States. | 1827 | nscorp.com | Atlanta, United States |
Investor details for DrayNow
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- Complete investor list
- Round participation
- Investor portfolios
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People of DrayNow
18 people are tracked at DrayNow (5 in leadership, 4 in board & advisors, 9 in team).
| Name | Role | Group |
|---|---|---|
Thomas Ryan | Vice President Business Development | Leadership |
Courtney Steinberg | VP Of Finance | Leadership |
Mike Albert | Chief Executive Officer | Leadership |
Meghan Nesta | Senior Director Of Product | Leadership |
Michael Dugas | Director Of Business Enablement | Leadership |
Nate Lentz | Board Member | Board & advisors |
Gil Beyda | Board Member | Board & advisors |
Matt Jewell | Board Member | Board & advisors |
Craig Probe | Founder | Board & advisors |
Josh Velez | Operations Specialist | Team |
Michael O'Day | Carrier Success Associate | Team |
Jeff Rutz | Senior Account Manager | Team |
Analuz Ortiz | Operations Success Advocate | Team |
Chris Robinette | Operations Success Advocate | Team |
Alex Le | Project Manager | Team |
Josh Dove | Product Manager | Team |
Hada Solorzano | Operations Specialist | Team |
Josh Elsen | Carrier Engagement Manager | Team |
Complete people profiles for DrayNow
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of DrayNow
3 dated milestones of DrayNow across 8 years, from founding to its latest funding, stage changes and deals.
- Founded DrayNow is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B, of $8.0M.
Competitors of DrayNow
DrayNow has 3 listed competitors in our database, 3 of them funded. They include Dray Alliance, Mothership Technologies and Torch Logistics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| drayalliance.com | 2016 | Lakewood, United States | $55.06M | Container drayage services are booked via an AI-enabled online marketplace. | ||
| mothership.com | 2017 | Los Angeles, United States | $76M | Online platform for booking trucks | ||
| torch3pl.com | 2018 | Chicago, United States | $4.93M | Online platform providing short-haul services |
Detailed competitors of DrayNow
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Web traffic of DrayNow
The website of DrayNow (draynow.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 13.6% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as DrayNow (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about 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. The company's 1st funding round was a Seed of $2M, raised on Feb 2017.
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.
DrayNow operates through Draynow, Inc..
Yes. DrayNow publishes DrayNow and 1 more app, with over 10,000 downloads.