Raft Raises $30M in Series B Funding for Intelligent Logistics Platform
Raft, a London, UK-based provider of an intelligent logistics platform, has recently announced that it has raised $30M in Series B funding. The funding round was led by Eight Roads, a prominent investment firm, with participation from existing investors such as Bessemer Venture Partners, Episode 1, and Dynamo Ventures. Additionally, Moguntia Capital also joined in this round. The company plans to utilize the raised funds to further develop and deploy its core automation products, enhance data collaboration across the ecosystem, and expand its business reach.
The intelligent logistics platform offered by Raft aims to empower freight forwarders and customs brokers to automate shipment execution and efficiently collaborate with their shipper end-customers.
Founded in 2017, the company excels in streamlining the entire shipping process, from quotations to customs to finance, by incorporating artificial intelligence (AI) into workflows and standardizing diverse data inputs. This approach significantly reduces the need for manual involvement, resulting in smoother and more efficient shipment execution.
Raft's impressive clientele includes 40% of the A&A’s Top 25 Global Freight Forwarders List and renowned global customers like EMO Trans, OIA Global, The Scarbrough Group, NNR Global Logistics, and Navia Freight. With CEO James Coombes at the helm, Raft continues to strive for excellence in the logistics industry by providing cutting-edge solutions that make shipping operations more seamless, digitized, and collaborative.
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