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Startup of the Year: Daily Dealflow 

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SVB's 2019 Startup Outlook Report is out now.
 
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, #SOTYPodcast, and more.
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Frayt Technologies

FRAYT is a technology based business that provides peer-to-peer logistics service via web and smartphone applications. 
Frayt provides an on-demand peer-to-peer shipping service through an automated web and mobile platform. Commercial Shippers use Frayt to efficiently and cost-effectively move their goods (e.g. a commercial supplier/distribution service with regular, weekly deliveries). Drivers, who own and operate their own vehicle, use Frayt to earn extra income by utilizing their down time and excess cargo capacity. 

What's Innovative About Their Solution?

Through digital automation (web & mobile app) they're removing layers of bureaucracy, providing transparency, and doing it all at market competitive rates.
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📍 Location

Cincinnati, Ohio

⚙️ Product Stage

Alpha—Public

🏭 Industries

B2B, B2B, Logistics

🤑 Fundraising Status

Actively raising

💸 Total Funding
To Date

$100k-500k

🙌 Founder Demographics

Veteran founder

Big Wins

  • During the spring launch, made on average 10 Matches (our term for a delivery) per month.
  • For the last three months achieved over 100 Matches per month.
  • February 34 Matches; March 121; April 194, May 300+ matches  
  • Signed notable customers including: The Tile Shop (National); Bridgestone/Firestone (National); Equipment Depot (Regional); The Fern Company (National);
  • Currently in discussions with The Kroger Company, Costco, At Home, and TJX (Home Goods).

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Contact the Founder:

Clancy Boyer

[email protected]

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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
 
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