About Frate
Frate is a Technology company based in Austin (United States) founded in 2022 by Bailey N and Yenn Lei, and was acquired by Route in January 2026. Platform offering E-commerce returns management. It operates in the Technology, Retail, and Transportation, Automotive & Logistics sectors. Frate has raised $5.63 million across 2 funding rounds from investors including Route, 2048 Ventures and Matchstick Ventures. Its chief executive, as recorded, is Bailey N. Frate offers products and services including Returns Portal, Fraud Prevention, and Smart Returns Routing. Its focus areas include In Store Retail Tech, Customer Experience Management, Returns Management and High Tech. Its competitors include Happy Returns, Loop Returns and Airkit; 3 of its 3 listed competitors have raised funding.
Company details
Frate was founded in 2022 in Austin, United States, as a platform focused on e-commerce returns management. Services include one-click exchanges, peer-to-peer return processes, and AI-powered virtual condition assessments to streamline operations for online retailers and customers. The company operates in the retail technology sector, addressing return logistics and inventory recovery within the United States market.
Products & Services of Frate
Frate offers a comprehensive portfolio of products and services, including Returns Portal, Fraud Prevention, and Smart Returns Routing.
Customizable platform for automating customer returns and exchanges
AI system to detect and prevent fraudulent return claims
Workflow tool for optimizing item destinations post-return
Apps and channels of Frate
its YouTube channel Frate Returns has 11 subscribers and 3 videos.
Videos from Frate
The most watched videos on Frate's YouTube channel, Frate Returns (11 subscribers). Click a video to play it here.
More on Frate Returns.
Funding Insights of Frate
Frate has successfully raised a total of $5.63M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.19 million completed in September 2024. 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 $5.63M
- Total Rounds 2
- Last Round Series A — $4.19M
- First Round $1.45M
(Dec 2022)
- Investors Count 4
All 2 funding rounds of Frate 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 2024 | $4.19M | Series A | – | – | – |
| Dec 2022 | $1.45M | Seed | – | 2048 Ventures |
5 investors in total: 5 institutional.
Investors in Frate
Frate has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Route, 2048 Ventures and Matchstick Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are provided by 2048 Ventures. | 2048.vc | |||
Early-stage venture capital is provided to ambitious entrepreneurs. | matchstick.vc | |||
MergeLane is focused on investing in women-led startups and funds. | mergelane.com | |||
Early-stage venture capital funding is provided to Utah startups. | convoiventures.com | |||
Solutions for tracking e-commerce packages and handling claims are provided. | 2018 | route.com | Lehi, United States |
Investor details for Frate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Frate
2 people are tracked at Frate (2 in leadership).
| Name | Role | Group |
|---|---|---|
Bailey N | Founder & CEO | Leadership |
Yenn Lei | Co-Founder & CTO | Leadership |
Complete people profiles for Frate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Frate
4 dated milestones of Frate across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Frate is founded.
- Funding First funding round of $1.4M.
- Funding Latest funding round, Series A, of $4.2M.
- Exit Acquired by Route.
Competitors of Frate
Frate has 3 listed competitors in our database, 3 of them funded. They include Happy Returns, Loop Returns and Airkit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happyreturns.com | 2015 | Los Angeles, United States | $16.9M | 35 | Physical stores are operated for in-person returns of online purchases. | |
| loopreturns.com | 2017 | Columbus, United States | $175.63M | 164 | Returns management solutions are offered for Shopify brands. | |
| airkit.ai | 2018 | Redwood, United States | $68M | 91 | AI-based customer support is delivered through multiple channels. |
Detailed competitors of Frate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Frate
The website of Frate (frate.com) receives about 6.1K visits a month.
- Monthly visits6.1K
▼ 6.5% vs previous month
Top companies in Brand & Marketing Technology
3 companies that operate in the same segment as Frate (Brand & Marketing Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS email marketing solutions are offered to e-commerce businesses. | 2012 | Boston, Massachusetts, United States | USD 778.5 M | USD 1.23 B | 3,008 | |
Platform acquiring Amazon FBA brands | 2018 | Walpole, Massachusetts, United States | USD 3.4 B | 233 | ||
SaaS-based collaborative commerce solutions are provided for brands and retailers. | 2000 | New York, New York, United States | USD 365 M | USD 240.52 M | 2,144 |
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Frequently Asked Questions about Frate
Frate was founded in 2022.
Frate is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Bailey N is the CEO of Frate, as recorded in our data. They have also founded this company.
Frate is a funded company, having raised a total of $5.63M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.45M, raised on Dec 2022.
Frate was founded in 2022 in Austin, United States, as a platform focused on e-commerce returns management. Services include one-click exchanges, peer-to-peer return processes, and AI-powered virtual condition assessments to streamline operations for online retailers and customers. The company operates in the retail technology sector, addressing return logistics and inventory recovery within the United States market.
Frate's top competitors include Happy Returns, Loop Returns and Airkit.
Frate offers Returns Portal, Fraud Prevention, and Smart Returns Routing.
Frate has 5 investors. Key investors include Route, 2048 Ventures, Matchstick Ventures, MergeLane, and Convoi Ventures.
Yes. Frate was acquired by Route in January 2026.