What is FRATE?
FRATE Inc. specializes in logistics solutions and expedited delivery services, operating from Erlanger, KY. The company is dedicated to providing efficient and timely transportation options for its clientele, catering to businesses that require reliable logistics support. FRATE Inc. is committed to addressing the diverse needs within the logistics sector, aiming to be a key player in efficient supply chain management and delivery.
How much funding has FRATE raised?
FRATE has raised a total of $950K across 3 funding rounds:
Debt
$350K
Debt
$500K
Debt
$100K
Debt (2020): $350K with participation from PPP
Debt (2024): $500K, investors not publicly disclosed
Debt (2024): $100K supported by Live Oak Bank
Key Investors in FRATE
PPP
Public-Private Partnership
Live Oak Bank
Live Oak Bank is a prominent financial institution known for its specialized lending programs, particularly for small and medium-sized businesses. Its involvement suggests a focus on providing debt financing to support FRATE's operational and expansionary goals.
What's next for FRATE?
The recent major strategic investment suggests FRATE is poised for significant scaling and operational enhancement. This capital infusion is likely to be directed towards expanding its service network, upgrading its technological infrastructure for better tracking and efficiency, and potentially increasing its fleet capacity to meet growing demand. The company's focus on expedited delivery services positions it to capitalize on the increasing need for rapid and reliable logistics solutions in the e-commerce and broader business landscape. Future developments may include strategic partnerships or further rounds of financing to solidify its market presence.
See full FRATE company page
