Thursday, February 27, 2020

Dray Alliance Finds $10.2M More

Los Angeles-based Dray Alliance, which operates a on-demand, short haul container delivery marketplace, has raised $10.2M in funding, via a Series A funding, the company said this week. The funding was led by Matrix Partners, and also included Moving Capital, Craft Ventures, Act One Ventures, and Wonder Ventures. The funding brings the company's total raised to $14.7M, including an earlier seed funding the company raised a year ago from Craft Ventures. Craft is the venture investment fund run by former PayPal founder David Sacks. The company's service helps provide rate quoting for freight forwarders and import/export shippers, using artificial intelligence and other software. More information »