# Raft

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

- Industry: Software
- Headquarters: London, UK
- Website: www.raft.ai
- Total disclosed funding: $46M
- Latest round: Series B (Jul 11, 2023)
- Investors on record: 5

## About

Based in London, UK, and founded in 2017, Vector AI LTD, aka Raft operates as a software development firm that offers an artificial intelligence-based machine learning platform for the freight logistics industry. The company was Co-founded by James Coombes (CEO) and Nisarg Mehta (CTO). In July 2023, Raft raised USD 30 million in series B funding led by Eight Roads Ventures, Moguntia Capital, and Bessemer Venture Partners.

The firm offers a machine learning-powered platform which helps the freight logistics industry by providing automation, collaboration, and reporting. It centralizes the business process and provides content automation and process automation. It offers management-level reporting and provides a broad company overview, company KPIs, and creditor monitoring.

The company plans to use the July 2023, funding to accelerate product enhancement and expand its market reach.

## Funding rounds

- Series B, Jul 11, 2023, $30M — Eight Roads Ventures, Bessemer Venture Partners, Episode 1 Ventures, Dynamo, Moguntia Capital
- Series A, Sep 13, 2021, $14M — Bessemer Venture Partners, Episode 1 Ventures, Dynamo
- Seed, Dec 13, 2019, $2.4M — Episode 1 Ventures

## Investors

- Episode 1 Ventures (https://capitalatlas.ai/funds/episode-1-ventures) — Seed, Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- Dynamo — Series A, Series B
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B
- Moguntia Capital (https://capitalatlas.ai/funds/moguntia-capital) — Series B