About Raft
Raft is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2017 by Nisarg Mehta and James Coombes. Raft is recognized as a leading AI and logistics platform. It operates on a AI-as-a-Service and SaaS (Software-as-a-Service) model. Raft has raised $30 million across 1 funding round from investors including Bessemer Venture Partners, Eight Roads Ventures and Episode 1 Ventures. The company has 12 employees. Its chief executive is James Coombes. Its website raft.ai draws about 35 thousand monthly visits. Raft offers products and services including AP Invoices, Customs Entries, and Operations. Its focus areas include Technology, Artificial Intelligence, Logistics AI Solutions and Logistics. Its legal entity is VECTOR AI LTD. Its competitors include WiseTech Global, Kale Logistics Solutions, Magaya Corporation, GoComet and RXO and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
Raft is established as a pioneering platform in AI-driven logistics solutions. The company is focused on automating workflows for freight forwarders and customs brokers. Operations, customs entries, and accounts payable processes are streamlined through advanced AI technologies. Integration with existing systems like ERPs and TMS is provided for seamless data management. Serving industries such as automotive, pharmaceutical, and retail, Raft is utilized by global supply chains. Efficiency, growth, and customer value are enhanced across the shipment lifecycle. The platform is customized to meet unique business needs in over 45 countries.
- Total Equity Funding$30M (USD)
in 1 rounds
- Latest Funding Round$30M (USD), Series B
Jul 2023
- InvestorsBessemer Venture Partners
& 5 more
- Employee Count12
Products & Services of Raft
Raft offers a comprehensive portfolio of products and services, including AP Invoices, Customs Entries, and Operations.
Accounts payable invoices are processed automatically for efficiency.
Customs declarations are prepared with speed and accuracy.
Operational workflows are automated to save team time.
Funding Insights of Raft
Raft has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series B round of $30 million completed in July 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 $30M
- Total Rounds 1
- Last Round Series B — $30M
- First Round $30M
(Jul 2023)
- Investors Count 6
All 1 funding rounds of Raft 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 |
|---|---|---|---|---|---|
| Jul 2023 | $30M | Series B | – | Eight Roads Ventures |
6 investors in total: 6 institutional.
Investors in Raft
Raft has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Eight Roads Ventures and Episode 1 Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Seed & early-stage tech-focused venture capital firm | – | episode1.com | London, United Kingdom | |
Early-stage US tech startups are invested in by Dynamo. | – | dynamo.vc | Chattanooga, United States | |
Venture capital investments are made in early-stage startups by Booom. | – | booom.vc | - | |
Investment support is provided for global supply chain technology companies. | – | moguntiacapital.com | Mainz, Germany |
Investor details for Raft
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People of Raft
38 people are tracked at Raft (10 in leadership, 28 in team); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Nisarg Mehta | Co-Founder & CTO | Leadership |
James Coombes | Co-Founder & CEO | Leadership |
Mark Ketcham | Executive Vice President, Strategic Accounts | Leadership |
Jack Taylor | Director Of Engineering | Leadership |
Adrian L. | Director | Leadership |
Sean Chinski | Chief Sales Officer (cso) | Leadership |
Tim Saunders | VP Of Finance | Leadership |
Claudio Fiaoni | Regional VP Of Sales - EMEA | Leadership |
Andrei Florin Ivan | Director Of IT | Leadership |
Sarah Penny R. | Executive Assistant To Chief Executive Officer | Leadership |
Rachael Turton | Finance Manager | Team |
Ritesh Chhabra | Senior Software Engineer | Team |
Mert Kahyaoglu | Senior Software Engineer | Team |
Akarsh Khatagalli | Team Lead | Team |
Aman Lodha | Team Lead | Team |
Mario Kataoka | Full Stack Engineer | Team |
James Donaldson | Solutions Engineer | Team |
Saipradeep Ramasahayam | Senior QA Engineer | Team |
Stephen Agius | Devsecops Engineer | Team |
Priyank Mishra | Senior Machine Learning Engineer | Team |
18 more people are available in the full profile.
Complete people profiles for Raft
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Timeline of Raft
2 dated milestones of Raft across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Raft is founded.
- Funding First funding round of $30.0M.
Competitors of Raft
Raft has 9 listed competitors in our database, 6 of them funded. They include WiseTech Global, Kale Logistics Solutions, Magaya Corporation, GoComet and RXO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wisetechglobal.com | 1994 | Schaumburg, United States | $35M | 610 | Cloud-based logistics software suite is provided for supply chain management. | |
| kalelogistics.com | 2010 | Thane, India | $40.1M | 405 | Cloud-based platforms for logistics, ports, and trade facilitation are provided. | |
| magaya.com | 2001 | Miami, United States | – | 129 | Cloud-based supply chain and logistics software is offered to businesses. | |
| gocomet.com | 2016 | Singapore | $10.31M | – | AI-powered multimodal logistics platform for end-to-end supply chain digitization | |
| rxo.com | 1998 | San Francisco, United States | – | 7,462 | Cloud based platform providing freight forwarding solutions | |
| ascentlogistics.com | 2017 | Belleville, United States | – | 994 | Cloud-based freight forwarding and logistics management solutions are offered. | |
| yourzeus.com | 2019 | London, United Kingdom | $1.99M | 13 | Web-based freight forwarding solutions are provided for operations management. | |
| vector.ai | 2017 | London, United Kingdom | $15.02M | 12 | AI-driven freight forwarding and management are automated for logistics. | |
| logi-sys.com | 2005 | Mumbai, India | $1.5M | 169 | Cloud-based solutions for end-to-end freight forwarding operations are provided. |
Detailed competitors of Raft
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Web traffic of Raft
The website of Raft (raft.ai) receives about 34.7K visits a month.
- Monthly visits34.7K
▲ 62.7% vs previous month
Websites whose visitors overlap most with Raft. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sedna.com | 100% | 27.4K | #1,104,770 | View details | |
| levity.ai | 96% | 25.1K | #931,277 | View details | |
| invensis.net | 91% | 57.3K | #594,042 | View details | |
| google.com | 61% | 85.8B | #1 | View details | |
| sunscrapers.com | 58% | 22.2K | #1,261,390 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Raft
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Top companies in Logistics Technology & Platforms
10 companies that operate in the same segment as Raft (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
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 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 23,536 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | 998 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
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 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Related news about Raft
Complete news archive for Raft
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Frequently Asked Questions about Raft
Raft was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Raft is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
James Coombes is the current CEO of Raft. They have also founded this company.
Raft is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series B of $30M, raised on Jul 2023.
Raft has 12 employees.
Raft is established as a pioneering platform in AI-driven logistics solutions. The company is focused on automating workflows for freight forwarders and customs brokers. Operations, customs entries, and accounts payable processes are streamlined through advanced AI technologies. Integration with existing systems like ERPs and TMS is provided for seamless data management. Serving industries such as automotive, pharmaceutical, and retail, Raft is utilized by global supply chains. Efficiency, growth, and customer value are enhanced across the shipment lifecycle. The platform is customized to meet unique business needs in over 45 countries.
Raft's top competitors include WiseTech Global, Kale Logistics Solutions and GoComet.
Raft offers AP Invoices, Customs Entries, and Operations.
Raft has 6 investors. Key investors include Bessemer Venture Partners, Eight Roads Ventures, Episode 1 Ventures, Dynamo Ventures, and Moguntia Capital.
Raft operates through Vector Ai Ltd.