Raft - About the company
Raft is a series B company based in London (United Kingdom), founded in 2017 by Nisarg Mehta, James Coombes and Andrew Noel. It operates as a Provider of an AI platform for supply chain management services. Raft has raised $30M in funding from investors like Eight Roads Ventures, Bessemer Venture Partners and Booom. The company has 705 active competitors, including 73 funded and 49 that have exited. Its top competitors include companies like WiseTech Global, Kale Logistics Solutions and Senior Sistemas.
Company Details
Provider of an AI platform for supply chain management services. The platform centralizes data, enabling users to define workflows and deploy agents. It offers data transformation into a single source for intelligent automation and decision-making. The platform facilitates the launch of customizable AI agents that operate autonomously. It also amplifies team capabilities with governance and control.
- Website
- raft.ai
- Email ID
- *****@raft.ai
Key Metrics
Founded Year
2017
Location
London, United Kingdom
Stage
Series B
Total Funding
$30M in 2 rounds
Latest Funding Round
Investors
Ranked
3rd among 705 active competitors
Employee Count
143 as on Mar 31, 2026
Similar Companies
Legal entities associated with Raft
Raft is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VECTOR AI LTD CIN: 11063616 , United Kingdom, Active | Nov 13, 2017 | - | 46 (As on Dec 31, 2024) |
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Raft's funding and investors
Raft has raised a total funding of $30M over 2 rounds. Its latest funding round was a Series B round on Jul 10, 2023 for $*****. 6 investors participated in its latest round. Raft has 6 institutional investors.
Here is the list of recent funding rounds of Raft:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 10, 2023 | 8729846 | Series B | 3186740 | 2405915 | 2915878 | 7883108 |
View details of Raft's funding rounds and investors
Raft's founders and board of directors
Founder? Claim ProfileThe founders of Raft are Nisarg Mehta, James Coombes and Andrew Noel. James Coombes is the CEO of Raft.
Here are the details of Raft's key team members:
- Nisarg Mehta: Co-founder | CTO of Raft. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
- James Coombes: Co-Founder & CEO of Raft and founder of 1 other company. They serve on the boards of 2 companies.Contact Info: 2 email addresses
- Andrew Noel: Cofounder of Raft and founder of 1 other company.
Raft's Board of Directors
Raft's board has 3 active members. Nisarg Mehta, James Coombes and Michael Treskow are independent board members.Here is the list of Raft's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 8y 3m | |
ldqti{j | Independent board member | - | Current | 3y 8m |
ocozimx | Independent board member | - | Current | 7y 8m |
View details of Raft's Founder profiles and Board Members
Raft's employee count trend
Raft has 143 employees as of Mar 26. Here is Raft's employee count trend over the years:
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Raft's Competitors and alternates
Top competitors of Raft include WiseTech Global, Kale Logistics Solutions and Senior Sistemas. Here is the list of Top 10 competitors of Raft, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | WiseTech Global 1994, Schaumburg (United States), Public | Provider of a cloud-based logistics software suite | $35M | 75/100 | |
2nd | Kale Logistics Solutions 2010, Thane (India), Series B | Provider of cloud-based platforms for logistics, ports, and trade facilitation | $40.1M | 75/100 | |
3rd | Raft 2017, London (United Kingdom), Series B | Provider of an AI platform for supply chain management services | $30M | 61/100 | |
4th | Senior Sistemas 1988, Blumenau (Brazil), Unfunded | Provider of enterprise resource planning, supply chain, and human capital solutions | - | - | 60/100 |
5th | Magaya Corporation 2001, Miami (United States), Late Stage | Provider of cloud-based supply chain and logistics software for businesses | - | 59/100 | |
6th | Offers cloud-based freight forwarding solution | $1.5M | 59/100 | ||
7th | RXO 1998, San Francisco (United States), Public | Cloud based platform providing freight forwarding solutions | - | - | 57/100 |
8th | AI-powered multimodal logistics platform for end-to-end supply chain digitization | $10.3M | 55/100 | ||
9th | Zeus 2019, London (United Kingdom), Seed | Provider of web-based freight forwarding solutions | $4.75M | - | 55/100 |
10th | Pallet 2019, New York City (United States), Series B | Provider of talent management services | $50M | 55/100 |
Looking for more details on Raft's competitors? Click here to see the top ones
Raft's Investments and acquisitions
Raft has made no investments or acquisitions yet.
Reports related to Raft
Here is the latest report on Raft's sector:
News related to Raft
Media has covered Raft for 1 event in last 1 year, It was about company updates.
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London-based StackOne gets €3.3 million to provide a real-time unified API for B2B SaaS companiesZephyrnet•Mar 05, 2024•StackOne, Episode 1 Ventures, Playfair Capital, Portfolio Ventures and 12 others
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Raft, which services freight forwarders, closes $30M Series B led by Eight Roads VCTech.eu•Jul 11, 2023•Raft, Eight Roads Ventures, Bessemer Venture Partners, Episode 1 Ventures and 2 others
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Raft Partners with PayCargo to Deliver Industry-Leading Payment Process for Freight ForwardersGlobeNewswire•Nov 15, 2022•PayCargo, Raft
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