FRAYT Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Private

  • Employees
  • 46

Employees

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $7M

  • Investors
  • 6

FRAYT General Information

Description

Developer of an easy-to-use delivery application designed to offer an on-demand shipping service. The company's application utilizes a web and mobile platform to ship from peer-to-peer, enabling businesses to offer scheduled or same-day delivery to their customers.

Contact Information

Website
www.frayt.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1435 Vine Street
  • Cincinnati, OH 45230
  • United States
+1 (513)
Primary Industry
Logistics
Other Industries
Business/Productivity Software
Vertical(s)
Augmented Reality, Industrials, SaaS, Artificial Intelligence & Machine Learning, Supply Chain Tech
Corporate Office
  • 1435 Vine Street
  • Cincinnati, OH 45230
  • United States
+1 (513)

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FRAYT Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Later Stage VC (Series A) 11-Apr-2023 $7M Completed Generating Revenue
2. Seed Round 31-Mar-2020 Completed Generating Revenue
1. Accelerator/Incubator 02-Jun-2018 Completed Generating Revenue
To view FRAYT’s complete valuation and funding history, request access »

FRAYT Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-3
Series A-2
Series A-1 2,334,721 $0.000010 8% $2.57 $2.57 1x $2.57 23.33%
Seed 1,763,300 $0.000010 8% $1.62 $1.62 1x $1.62 21.15%
To view FRAYT’s complete cap table history, request access »

FRAYT Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an easy-to-use delivery application designed to offer an on-demand shipping service. The company's applicat
Logistics
Cincinnati, OH
46 As of 2024

Plano, TX
 

Austin, TX
 
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FRAYT Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Delivery Solutions Corporate Backed or Acquired Plano, TX
Dropoff Venture Capital-Backed Austin, TX
Curri Venture Capital-Backed Ventura, CA
Point Pickup Formerly PE-Backed Stamford, CT
GoFor Venture Capital-Backed Ottawa, Canada
You’re viewing 5 of 7 competitors. Get the full list »

FRAYT Executive Team (6)

Name Title Board Seat
Luke Denny Co-Founder, Chief Executive Officer & Board Member
Casey Luers Controller
Joshua McCord Co-Founder, Chief Design Officer & Board Member
Lawrence McCord Co-Founder & Chief Information Officer
You’re viewing 4 of 6 executive team members. Get the full list »

FRAYT Board Members (4)

Name Representing Role Since
Joshua McCord FRAYT Co-Founder, Chief Design Officer & Board Member
Luke Denny FRAYT Co-Founder, Chief Executive Officer & Board Member
Timothy Yarbrough Self Board Member
You’re viewing 3 of 4 board members. Get the full list »

FRAYT Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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FRAYT Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds
Capital Midwest Fund Venture Capital Minority
JobsOhio Growth Capital Venture Capital Minority
Refinery Ventures Venture Capital Minority
Venture 53 Venture Capital Minority
Covenant Advisors Venture Capital Minority
You’re viewing 5 of 6 investors. Get the full list »

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FRAYT FAQs

  • When was FRAYT founded?

    FRAYT was founded in 2016.

  • Who is the founder of FRAYT?

    Luke Denny, Joshua McCord, Clancy Boyer, and Lawrence McCord are the founders of FRAYT.

  • Who is the CEO of FRAYT?

    Luke Denny is the CEO of FRAYT.

  • Where is FRAYT headquartered?

    FRAYT is headquartered in Cincinnati, OH.

  • What is the size of FRAYT?

    FRAYT has 46 total employees.

  • What industry is FRAYT in?

    FRAYT’s primary industry is Logistics.

  • Is FRAYT a private or public company?

    FRAYT is a Private company.

  • What is the current valuation of FRAYT?

    The current valuation of FRAYT is .

  • What is FRAYT’s current revenue?

    The current revenue for FRAYT is .

  • How much funding has FRAYT raised over time?

    FRAYT has raised $9.5M.

  • Who are FRAYT’s investors?

    Capital Midwest Fund, JobsOhio Growth Capital, Refinery Ventures, Venture 53, and Covenant Advisors are 5 of 6 investors who have invested in FRAYT.

  • Who are FRAYT’s competitors?

    Delivery Solutions, Dropoff, Curri, Point Pickup, and GoFor are some of the 7 competitors of FRAYT.

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