What is DrayNow?
DrayNow operates as a real-time marketplace connecting intermodal freight with carriers, aiming to streamline the movement of intermodal loads. The company offers a user-friendly application for carriers, facilitating the comparison and selection of optimal loads. By employing advanced freight-matching technology, DrayNow simplifies the intermodal shipping process for both carriers and customers, providing essential drayage solutions for owner-operators and intermodal marketing companies.
How much funding has DrayNow raised?
DrayNow has raised a total of $5M across 1 funding round:
Series A
$5M
Series A (2018): $5M with participation from Osage Venture Partners and Comcast Ventures
Key Investors in DrayNow
Osage Venture Partners
Osage Venture Partners is a venture capital firm focused on early-stage B2B software companies, particularly those in the future of work and education sectors. They invest in post-revenue businesses and support entrepreneurs with domain expertise and growth potential.
Comcast Ventures
Comcast Ventures, the venture capital arm of Comcast Corporation, invests in consumer, enterprise, and frontier technology companies. With a broad portfolio, they provide capital and strategic support to B2B and B2C businesses across technology, finance, and operations.
What's next for DrayNow?
The substantial enterprise-level funding and the recent strategic investment signal a strong growth trajectory for DrayNow. This capital infusion is expected to fuel further platform development, expand operational capacity, and enhance market penetration within the competitive logistics sector. DrayNow is positioned to leverage this backing to solidify its standing as a leader in efficient intermodal freight solutions, potentially exploring new technological integrations and service offerings to meet evolving industry demands.
See full DrayNow company page
