# Frate

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.frate.co
- Total disclosed funding: $2.6M
- Latest round: Seed (Sep 18, 2024)
- Investors on record: 5

## About

Established in 2022 and based in Toronto, Canada, Frate Inc. is a reverse logistics company that offers a digital platform to enable peer-to-peer product returns.In?January 2026,?Route App, Inc., a portfolio company of Upfront, Madrona Venture Group, Goldcrest Capital, Album VC, FJ Labs, Eldridge Industries, Riot Ventures, Craft Ventures, Hanaco Venture Capital, Banner Capital Management, Granger Management, Pattern, and Jaws Ventures, acquired?Frate Inc. from Whitecap Venture Partners, Bessemer Venture Partners, Matchstick Ventures, Closed Loop Partners, and 2048 Ventures. Financial terms of the transaction were not disclosed.

The firm’s customers include Prana Vida, Perfected, Good For Sunday, and Cedar & Vine. The firm’s platform allows retailers to ship returns directly from one customer to another without having to ship them back to the retailer first. The platform handles return mail, prints labels, processes refund automatically, and reduces dead inventory. The business also provides EcoDrop analytics and insights to assist retailers in monitoring and assessing their environmental impact.

The acquisition aims to expand its post-purchase capabilities by integrating Frate’s returns and exchanges technology into a unified platform.

## Funding rounds

- Seed, Sep 18, 2024, $2.6M — Whitecap Venture Partners, Bessemer Venture Partners, Matchstick Ventures, Closed Loop Partners, 2048 Ventures

## Investors

- Whitecap Venture Partners (https://capitalatlas.ai/funds/whitecap-venture-partners) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Matchstick Ventures (https://capitalatlas.ai/funds/matchstick-ventures) — Seed
- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed
- 2048 Ventures (https://capitalatlas.ai/funds/2048-ventures) — Seed