# DrayNow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/draynow

- Industry: Software
- Headquarters: Conshohocken, US
- Website: www.draynow.com
- Total disclosed funding: $5M
- Latest round: Series A (Aug 28, 2018)
- Investors on record: 3

## About

DrayNow, Inc. is a logistics technology company that specializes in freight-matching solutions, enhancing operational efficiency for owner-operators and freight carriers through its innovative platform.Founded in 2015 and headquartered in Conshohocken, US, DrayNow, Inc. provides a freight-matching platform that optimizes intermodal logistics for clients in the transportation industry. The company has successfully raised USD 5.00 mn in its Series A funding round in August 2018, led by Comcast Ventures and supported by Osage Venture Partners. The founders are Brad Frith and Craig Probe, with Michael Albert serving as the CEO.DrayNow, Inc. offers a proprietary freight-matching technology platform aimed at optimizing intermodal logistics for owner-operators and freight carriers. The core product allows users to efficiently compare and select loads through the DrayNow App, providing real-time access to available loads and improving operational efficiency. The platform targets a diverse client base including owner-operators, trucking companies, and freight brokers primarily in the United States, addressing challenges such as load selection and operational transparency.DrayNow's revenue model is founded on transactions facilitated through its freight-matching platform, where clients pay for access to load opportunities and associated services. Revenue is generated through fees related to load bookings and potentially through subscription models for enhanced app features. Although specific pricing details are not disclosed, clients are likely offered tiered service plans to meet varying operational needs, which supports ongoing client engagement and partnerships.To fuel its expansion, DrayNow plans to use the USD 5.00 mn raised from its Series A funding to enhance product offerings and explore new market opportunities. The company is focusing on developing additional functionalities within its platform and aims to expand into new geographic regions by 2020. This growth strategy will leverage the recent funding to streamline operations and increase service accessibility for clients.

## Funding rounds

- Series A, Aug 28, 2018, $5M — Comcast Ventures, Osage Venture Partners
- Seed, Feb 24, 2017 — Genacast Ventures

## Investors

- Genacast Ventures (https://capitalatlas.ai/funds/genacast-ventures) — Seed
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Series A