On-demand delivery platform Frayt announced Tuesday it has closed $7 million in Series A funding led by Refinery Ventures with participation from Capital Midwest, Venture 53 and the JobsOhio Growth Capital Fund to continue executing its objective of not only building a marketplace for shippers to obtain last-mile services but to encourage its driver network’s entrepreneurial spirit.
“We are looking to empower these independent contractors and truly treat them as owners of their businesses,”...