About Raft
Raft is a company based in London (United Kingdom) founded in 2017 by Nisarg Mehta and James Coombes. It operates as a AI-as-a-Service and SaaS (Software-as-a-Service). 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 as of January 31, 2021. Raft offers products and services including AP Invoices, Customs Entries, and Operations. Raft operates in a competitive market with competitors including WiseTech Global, Kale Logistics Solutions, Magaya Corporation, GoComet and RXO, among others.
- Headquarter London, United Kingdom
- Employees 12 as on 31 Jan, 2021
- Founders Nisarg Mehta, James Coombes
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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 Vector Ai Ltd
- Date of Incorporation 14 Nov, 2017
- Jurisdiction LONDON, ENGLAND
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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
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series B
Jul 10, 2023
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Investors
Bessemer Venture Partners
& 5 more
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Employee Count
12
as on Jan 31, 2021
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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.
People of Raft
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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.
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.
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Venture capital investment and global platform support for startups.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Seed & early-stage tech-focused venture capital firm
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Investor details for Raft
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Investments & Acquisitions by Raft
Investment portfolio details for Raft
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Financial Statements - Raft
Detailed financials for Raft
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Raft Comparisons
Peer comparison for Raft
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Competitors of Raft
Raft 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 WiseTech Global, Kale Logistics Solutions, Magaya Corporation, GoComet and RXO, among others.
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Cloud-based logistics software suite is provided for supply chain management.
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Cloud-based platforms for logistics, ports, and trade facilitation are provided.
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Cloud-based supply chain and logistics software is offered to businesses.
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AI-powered multimodal logistics platform for end-to-end supply chain digitization
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Cloud based platform providing freight forwarding solutions
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Cloud-based freight forwarding and logistics management solutions are offered.
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Detailed competitors of Raft
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Latest news on 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.
As of Jan 31, 2021, the latest employee count at Raft is 12.
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.