Raft
Intelligent logistics platform
- 101-200 employees
- B2B
- Artificial Intelligence
- Enterprise
- Internal tools
- Logistics
- Freight
- SaaS
- Automation
- London, UK
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Company mission
To drive efficiency, growth, and customer value across the entire shipment lifecycle.
31% employee growth in 12 months
Our take
Raft is tackling the massive opportunity of automating mundane, repetitive tasks in the enterprise world, saving companies big bucks on labour-intensive processes By harnessing Optical Character Recognition (OCR) and Natural Language Processing (NLP), Raft's tech is helping businesses replace hundreds of data entry roles with seamless automation, dramatically improving efficiency.
The company smartly started with a specific focus on freight forwarding,a sector flooded with paper-based data processing and email attachments. With this narrow yet high-impact approach, Raft quickly expanded into customs broking workflow automation. Now serving 0 freight forwarders across 40+ countries, including 40% of A%A's Top 25 Global Freight Forwarders, Raft has proven its value to some of the biggest players in the game.
Since launching, Raft has grown exponentially and it isn't slowing down any time soon. As the company continues to evolve, its main goal is to add even more value for customers - beyond just automation - ensuring it stays at the cutting-edge of enterprise efficiency.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Wellbeing: Our Cycle to Work Scheme, access to the employee assistance app and the dedicated workout space in our London office help us stay healthy in both body and mind
- Grow Together: We have a modern, open concept workspace in the bustling heart of Borough market in London and Mumbai in India. We have fully stocked fridges for breakfasts, snacks and weekly London office lunches
- Health Insurance: We've got you covered with medical insurance. Immediate cover to mental health resource, plus dental and optical
- Time off: Our full time Raft team all get generous paid vacation time to reset and refresh
- Equity: As we are early in our journey, we offer equity to all employees
- Future Planning: With Raft you can plan for your future with our retirement plan, critical illness, life insurance and income protection
Funding (last 2 of 5 rounds)
Jul 2023
$30m
SERIES B
Sep 2021
$13.3m
SERIES A
Total funding: $47.5m
This company has top investors
Leadership
James Coombes
(Co-Founder & CEO)Graduated first as an Imperial College Biochemist before spending 10 years working in financial services at BNP Paribas. They also earned an MPA from Harvard and was a founder of a furniture startup in the US.
Nisarg Mehta
(Co-Founder & CTO)Graduated with an MEng from Cambridge at Jesus College. Previously interned at Microsoft and was an EF9 Cohort Member at Entrepreneur First.