Raft, a London, UK-based provider of an intelligent logistics platform, raised $30M in Series B funding.
The round was led by Eight Roads with participation from existing investors Bessemer Venture Partners, Episode 1, and Dynamo Ventures, as well as Moguntia Capital.
The company intends to use the funds to increase development and deployment of its core automation products, improve data collaboration across the ecosystem, and its business reach.
Founded in 2017 and led by CEO James Coombes, Raft is a provider of an intelligent logistics platform that empowers freight forwarders and customs brokers to automate shipment execution and collaborate effectively with their shipper end-customers. Working across the lifecycle, from quotations to customs to finance, it embeds AI into workflows and standardizes diverse data inputs—whether email content, EDI, or API—in order to drive lower-touch shipment execution.
Customers include 40% of the A&A’s Top 25 Global Freight Forwarders List, as well as global customers like EMO Trans, OIA Global, The Scarbrough Group, NNR Global Logistics, and Navia Freight.
FinSMEs
11/07/2023