Frate raised $3.6M CAD in a seed round led by MatchsCck Ventures to enhance its retail returns automation platform.
Amount Raised
$3.6 Million
Round Type
Seed
Investors
Description
Frate, a Toronto-based startup, has successfully secured $3.6M CAD in an oversubscribed seed round. The funding aims to further develop its innovative platform designed to help retailers reduce return costs and combat fraud.
Quick answer
Frate raised $3.6 Million in a Seed round, dated September 18, 2024. Investors: Be Ser Ventures, Closed Loop Venture Partners, Whitecap Venture Partners, 2048 Ventures and Matchs Cck Ventures.
- How much did Frate raise?
- Frate raised $3.6 Million in a Seed round on September 18, 2024.
- Who invested in Frate?
- Be Ser Ventures, Closed Loop Venture Partners, Whitecap Venture Partners, 2048 Ventures and Matchs Cck Ventures are named as investors in this round.
- What does Frate do?
- Frate is a cutting-edge returns platform, optimizing returns, exchanges, and reducing fraud for brands of all sizes.
- Where is Frate based and how big is it?
- Fundz records about 15 employees.
- Who are the decision-makers at Frate?
- Fundz holds 1 contact at Frate. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Retail around the same time
Companies in the same sectors as Frate that raised within 45 days of this round, from Fundz verified event records.
- Augmodo raised $5.3M (Seed) on October 2, 2024.
- Simbe Robotics raised $50M (Series C) on October 24, 2024.
- Sensei raised $16M (Series A) on October 23, 2024.
- Simbe Robotics raised $48M on October 15, 2024.
- Moselle raised $1.7M (Seed) on October 10, 2024.
- Cavela raised $2M (Seed) on September 12, 2024.
Who to call at Frate, and when
A new round usually means Frate is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Frate raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Frate, from your own LinkedIn network
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Related People
Frate raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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