Comcast Invests In DrayNow For Intermodal Freight Marketplace

8/30/18

Summary

Comcast Ventures has led a financial round for DrayNow.

DrayNow operates a B2B intermodal marketplace for logistics markets.

CMCSA is an active strategic investor, even in tech firms which have little obvious connection to its core business in telecom, media, and entertainment.

Members of our private investing community, IPO Edge, get our best ideas and insights. Get started today >>

Quick Take

Comcast Ventures (CMCSA) has made an investment in DrayNow’s recent Series A funding round of $5 million.

DrayNow provides an on-demand marketplace for the intermodal freight industry, connecting brokers and shippers with freight load opportunities.

CMCSA's venture investment group has been a very active strategic investor in technology firms across many industries, some of which have little obvious connection to its parent's focus on telecom, media, and entertainment.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.