DrayNow, a logistics company, based in Conshohocken, that helps shipping brokers to book truck drivers, is planning to expand its staff from 19 to more than 130.
The expansion was made possible by $5 million in venture capital picked up through a Series A round led by Comcast Ventures and Osage Venture Partners, writes Roberto Torres at technical.ly.
With the boost in investment, DrayNow plans to up its headcount to 130–150 over the next two years, with a focus on national expansion.
The company got its start in March 2017, thanks to a $170,000 seed round led by Genacast Ventures and funding from the co-founding team, which also includes Brad Frith and Craig Probe.
“We invested in DrayNow because the team and the technology establishes a much more efficient method for moving freight,” said Sam Landman, managing director of Comcast Ventures.
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