DrayNow, a Philadelphia, PA-based intermodal freight marketplace, completed its $5m Series A funding.
The round was led by Comcast Ventures with participation from Osage Venture Partners.
The company intends to use the funds to grow its team and accelerate expansion into new geographies.
Led by Mike Albert, founder and CEO, DrayNow provides a real-time marketplace for Intermodal shipping brokers to connect with available motor carriers.
The marketplace is accessed by Third-Party Logistics (3PLs), Intermodal Marketing Companies (IMCs), and brokers through a desktop interface where users can view truck capacity in real-time, post loads, track load status and obtain electronic documents immediately.
With the company’s mobile application, truck drivers can get access to Intermodal freight, browse loads, compare rates and details, select loads, deliver loads and get paid faster.