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
*********
- Legal Name Draynow, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $8.0M
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First Round
First Round
(24 Feb 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - DrayNow | Valuation | Norfolk Southern Corp |
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| Jun, 2020 | Amount | Series A - DrayNow | Valuation | Ben Franklin Technology Partners |
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| Aug, 2018 | Amount | Series A - DrayNow | Valuation | Comcast Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and support are provided for Pennsylvania's tech-based companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in seed-stage technology startups.
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Founded Year | Domain | Location | |
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Comcast Ventures is focused on investing in technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DrayNow
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DrayNow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Draynow Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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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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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Draynow
Frequently Asked Questions about DrayNow
When was DrayNow founded?
DrayNow was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is DrayNow located?
DrayNow is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is DrayNow a funded company?
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 Series A of $5M, raised on Feb 24, 2017.
What does DrayNow do?
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.
Who are the top competitors of DrayNow?
DrayNow's top competitors include Dray Alliance, Mothership Technologies and Torch Logistics.
Who are DrayNow's investors?
DrayNow has 5 investors. Key investors include Ben Franklin Technology Partners, Norfolk Southern, Genacast, Comcast Ventures, and Osage Venture Partners.
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