Frayt Raises $7 Million, Brings Last-Mile On-Demand Delivery To Over 50 Major U.S. Markets
Amount Raised
$7 Million
Round Type
Funding Round
CincinnatiSoftwareTransportationE CommerceSupply Chain ManagementLogisticsSaaSInvestors
Description
FRAYT, the last-mile on-demand delivery and logistics platform, today announced that it has closed $7 million in Series A funding, led by Refinery Ventures with participation from Capital Midwest, Venture 53, and the JobsOhio Growth Capital Fund. FRAYT will use the financing to drive product innovation, support rapid market expansion and grow its leadership team.
Quick answer
Frayt Technologies raised $7 Million in a Funding Round round, dated April 11, 2023. Investors: Jobs Ohio Growth Capital Fund, Venture 53, Capital Midwest and Refinery Ventures. Frayt Technologies is based in Cincinnati, Ohio, United States.
- How much did Frayt Technologies raise?
- Frayt Technologies raised $7 Million in a Funding Round round on April 11, 2023.
- Who invested in Frayt Technologies?
- Jobs Ohio Growth Capital Fund, Venture 53, Capital Midwest and Refinery Ventures are named as investors in this round.
- What does Frayt Technologies do?
- FRAYT is a last-mile on-demand delivery and logistics technology company that offers businesses professional, on-demand shipping through an intuitive web platform and mobile app.
- Where is Frayt Technologies based and how big is it?
- Frayt Technologies is based in Cincinnati, Ohio, United States.
- Who are the decision-makers at Frayt Technologies?
- Fundz holds 1 contact at Frayt Technologies, including the Executive Officer, Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and E Commerce around the same time
Companies in the same sectors as Frayt Technologies that raised within 45 days of this round, from Fundz verified event records.
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