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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $7.0M
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First Round
First Round
(13 Jan 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - Frayt Technologies | Valuation | Refinery |
| 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 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. 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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Venture capital investments are made in early-stage technology companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture 53 is focused on supply chain and logistics investments.
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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 Frayt Technologies
| 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 - Frayt Technologies
| 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 |
Frayt Technologies Comparisons
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. 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Same-day last-mile delivery is provided for e-commerce and retail businesses.
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| domain | founded_year | HQ Location |
AI-enabled last-mile delivery services are provided to e-commerce companies.
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| domain | founded_year | HQ Location |
On-demand same-day delivery services are enabled via a crowdsourced platform.
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| domain | founded_year | HQ Location |
On-demand delivery and moving services are facilitated through vetted professionals.
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| domain | founded_year | HQ Location |
App-based platform for crowsourced same-day delivery services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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 Frayt Technologies
Frequently Asked Questions about Frayt Technologies
When was Frayt Technologies founded?
Frayt Technologies was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is Frayt Technologies located?
Frayt Technologies is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Who is the current CEO of Frayt Technologies?
Clancy Boyer is the current CEO of Frayt Technologies.
Is Frayt Technologies a funded company?
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 13, 2023.
What does Frayt Technologies do?
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.
Who are the top competitors of Frayt Technologies?
What products or services does Frayt Technologies offer?
Frayt Technologies offers Frayt Rush, Frayt Flex, and Frayt End-of-Day.
Who are Frayt Technologies's investors?
Frayt Technologies has 4 investors. Key investors include Refinery Ventures, Capital Midwest Fund, Venture 53, and JobsOhio.
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