About Frayt Technologies
Frayt Technologies is a Transportation, Automotive & Logistics 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. Its chief executive, as recorded, is Clancy Boyer. Its website frayt.com draws about 30 thousand monthly visits. Frayt Technologies offers products and services including Frayt Rush, Frayt Flex, and Frayt End-of-Day. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and Last Mile. Its legal entity is Frayt Technologies, Inc. Its competitors include AxleHire, Veho and PICKUP; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$7M (USD)
in 1 rounds
- Latest Funding Round$7M (USD), Series A
Jan 2023
- InvestorsRefinery Ventures
& 3 more
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.
Apps and channels of Frayt Technologies
Frayt Technologies publishes 3 mobile apps with over 60K+ downloads.
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.
- Total Funding $7M
- Total Rounds 1
- Last Round Series A — $7M
- First Round $7M
(Jan 2023)
- Investors Count 4
All 1 funding rounds of Frayt Technologies 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 |
|---|---|---|---|---|---|
| Jan 2023 | $7M | Series A | – | Refinery |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in early-stage technology companies. | refinery.com | Cincinnati, United States | ||
| capitalmidwest.com | ||||
Venture 53 is focused on supply chain and logistics investments. | venture53.com | Midlothian, United States | ||
JobsOhio is focused on economic development in Ohio. | jobsohio.com | Columbus, United States |
Investor details for Frayt Technologies
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People of Frayt Technologies
9 people are tracked at Frayt Technologies (6 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Clancy Boyer | CEO | Leadership |
Steven Lopez | Vice President Strategic Partnerships | Leadership |
Zachary Hensley | VP Of Product | Leadership |
Luke Denny | Co-founder & CEO | Leadership |
Elijah Brandyberry | Senior Director Of Engineering | Leadership |
Josh McCord | Chief Design Officer | Leadership |
Emma Sweeney | Marketing Specialist | Team |
Kenneth W. | Senior Quality Engineer | Team |
Janien D. | Accounting & Admin | Team |
Complete people profiles for Frayt Technologies
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Timeline of Frayt Technologies
2 dated milestones of Frayt Technologies across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Frayt Technologies is founded.
- Funding First funding round of $7.0M.
Competitors of Frayt Technologies
Frayt Technologies has 3 listed competitors in our database, 3 of them funded. They include AxleHire, Veho and PICKUP.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axlehire.com | 2015 | San Francisco, United States | $44.6M | 21 | Same-day last-mile delivery is provided for e-commerce and retail businesses. | |
| shipveho.com | 2016 | Boulder, United States | $300M | AI-enabled last-mile delivery services are provided to e-commerce companies. | ||
| pickupnow.com | 2014 | Addison, United States | $28.74M | 128 | On-demand same-day delivery services are enabled via a crowdsourced platform. |
Detailed competitors of Frayt Technologies
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Web traffic of Frayt Technologies
The website of Frayt Technologies (frayt.com) receives about 30.2K visits a month.
- Monthly visits30.2K
▲ 58.9% vs previous month
Websites whose visitors overlap most with Frayt Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| medspeed.com | 100% | 34K | #897,208 | View details | |
| curri.com | 100% | 116.7K | #280,828 | View details | |
| metrobi.com | 96% | 117.3K | #493,901 | View details | |
pace-usa.com | pace-usa.com | 66% | #2,214,762 | – | |
| courierexpress.net | 64% | 680.7K | #987,368 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Frayt Technologies
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Frayt Technologies (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 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 CEO of Frayt Technologies, as recorded in our data.
Frayt Technologies is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on Jan 2023.
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.
Frayt Technologies operates through Frayt Technologies, Inc..
Yes. Frayt Technologies publishes Frayt: Anything Delivered and 2 more apps, with over 60,000 downloads.