PHILADELPHIA, Pennsylvania — A Conshohocken firm, DrayNow has a booking and trucking software which is connecting millions of shippers to truckers. The company said they have raised over $5 million in an A-Series venture capital fundraising from Comcast Ventures, and from Osage Partners, operating in Philadelphia.
The software platform that is built, the DrayNowMarketplace, is linking intermodal transport brokers, logistics, and marketing firms with a desktop interface and a mobile app for drivers – so they can use available loads, compare rates and “get paid faster”, said Mike Albert, the chief executive.
DrayNow currently employs 19 and plans to staff up to at least 130 people by 2020, adding customer service professionals.
“We will be here to help customers and truckers when employees pick up the phone,” said Albert.
Hundreds of small haulers are struggling to make a profit with sophisticated trucking and pricing technology, DrayNow believes they will be able to level the playing field so independent haulers can survive and compete.
Albert says his system offers “transparency and status updates” on cargo availability and status, read on the standard type of smartphones.
As Albert is a Wyomissing-area native, he said he is expecting to look for larger offices close to the current location which is near the Spring Mill train station on Septa’s Norristown-Philadelphia line, convenient to both city and suburban workers.
Although Albert met with other investors from New York and D.C., also a few from California, he wants to have a local investment with the local investors.
Wait for a job opening near the current DrayNowlocation, maybe you’ll find the job of your dreams.