About Frayt Technologies
Frayt Technologies is a company based in Cincinnati (United States) founded in 2017. Frayt Technologies has raised $7 million across 1 funding round from investors including Refinery Ventures, Capital Midwest Fund and Venture 53. Frayt Technologies offers products and services including Frayt Rush, Frayt Flex, and Frayt End-of-Day. Frayt Technologies operates in a competitive market with competitors including AxleHire, Veho, PICKUP, GoShare and TUYA, among others.
- Headquarter Cincinnati, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Frayt Technologies, 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
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Series A
Jan 13, 2023
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Investors
Refinery Ventures
& 3 more
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Employee Count
Not available
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Products & Services of Frayt Technologies
Frayt Technologies offers a comprehensive portfolio of products and services, including Frayt Rush, Frayt Flex, and Frayt End-of-Day.
Quick service for time-sensitive shipments with professional drivers.
Reliable option for shipments with adjustable scheduling and drivers.
Service for deliveries completed by end of business day.
People of Frayt Technologies
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Funding Insights of Frayt Technologies
Frayt Technologies has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in January 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 Frayt Technologies
Frayt Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Refinery Ventures, Capital Midwest Fund and Venture 53.
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Venture 53 is focused on supply chain and logistics investments.
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Investor details for Frayt Technologies
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Investments & Acquisitions by Frayt Technologies
Investment portfolio details for Frayt Technologies
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Financial Statements - Frayt Technologies
Detailed financials for Frayt Technologies
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Frayt Technologies Comparisons
Peer comparison for Frayt Technologies
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Competitors of Frayt Technologies
Frayt Technologies 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 AxleHire, Veho, PICKUP, GoShare and TUYA, among others.
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Same-day last-mile delivery is provided for e-commerce and retail businesses.
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AI-enabled last-mile delivery services are provided to e-commerce companies.
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On-demand same-day delivery services are enabled via a crowdsourced platform.
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On-demand delivery and moving services are facilitated through vetted professionals.
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App-based platform for crowsourced same-day delivery services
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Detailed competitors of Frayt Technologies
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Latest news on Frayt Technologies
Complete news archive for Frayt Technologies
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Frequently Asked Questions about Frayt Technologies
Frayt Technologies was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Frayt Technologies is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Clancy Boyer is the current CEO of Frayt Technologies.
Frayt Technologies is a funded company, having raised a total of $7M across 1 funding round to date.
Offers a platform providing on-demand last-mile delivery services. It provides door-to-door delivery services including last-mile shipping, retail shipping, local pick-up delivery, and small-business shipping. The application connects shippers with drivers. The application is available for android and IOS users.
Frayt Technologies offers Frayt Rush, Frayt Flex, and Frayt End-of-Day.
Frayt Technologies has 4 investors. Key investors include Refinery Ventures, Capital Midwest Fund, Venture 53, and JobsOhio.