What is FRATE?
FRATE Inc., headquartered in Erlanger, KY, is a logistics solutions provider focused on delivering expedited delivery services. The company is dedicated to offering efficient and timely transportation options, catering to a diverse clientele that relies on dependable logistics support. FRATE's commitment lies in meeting the varied demands of the logistics industry through its specialized services.
How much funding has FRATE raised?
FRATE has raised a total of $950K across 3 funding rounds:
Debt
$350K
Debt
$500K
Debt
$100K
Debt (2020): $350K with participation from PPP
Debt (2024): $500K, investors not publicly disclosed
Debt (2024): $100K supported by Live Oak Bank
Key Investors in FRATE
Live Oak Bank
Live Oak Bank, a prominent financial institution, has provided debt financing to FRATE, indicating a focus on supporting operational scaling and capital expenditure within the logistics sector.
PPP
Public-Private Partnership
What's next for FRATE?
With this substantial enterprise-level backing, FRATE Inc. is strategically positioned for accelerated growth and operational expansion. The recent major strategic investment is expected to fuel advancements in their service offerings, potentially including technology upgrades for enhanced tracking and delivery efficiency, and expansion into new geographic markets. This capital infusion will likely enable FRATE to solidify its competitive edge in the fast-paced logistics landscape, reinforcing its commitment to providing superior expedited delivery solutions.
See full FRATE company page
