Frate: Funding, Investors & Team (Sep 2026)
We're pioneering peer-to-peer returns for the betterment of our planet. The status-quo e-commerce returns process is too costly and environmentally damaging. We solve this by giving retailers the ability to ship returns directly from one customer to the next, keeping returns out of warehouses, putting more profits in their pockets, and decreasing their carbon footprint. There are no winners and losers with peer-to-peer returns; it's a win-win-win for retailers, consumers, and the planet. Backed by 2048 Ventures, Matchstick Ventures, MergeLane, Convoi Ventures, and other strategic investors.
Frate has raised $4.0M across 2 funding rounds on record, the most recent a Seed of $2.6M announced in Sep 2024.
That round is below the $3.0M median round size for Software Development companies tracked on FundedIQ over the last two years.
Frate Company Profile and Key Stats
Latest funding round on record: Sep 2024.
Frate Funding Rounds
Frate raised $1.4M in a Pre-Seed announced in Dec 2022.
1.8 years later, a Seed of $2.6M was announced in Sep 2024.
Frate Founders and Leadership Team
Contact details for the Frate team: 1 of 2 have an email address on file.
Start 14-day free trial →Frate Funding Compared to Other Software Development Startups
Frate's latest round of $2.6M is below the median round in Software Development. Medians cover the last 24 months of disclosed rounds.
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Frate Funding FAQs
What does Frate do?
We're pioneering peer-to-peer returns for the betterment of our planet. The status-quo e-commerce returns process is too costly and environmentally damaging. We solve this by giving retailers the ability to ship returns directly from one customer to the next, keeping returns out of warehouses, putting more profits in their pockets, and decreasing their carbon footprint. There are no winners and losers with peer-to-peer returns; it's a win-win-win for retailers, consumers, and the planet. Backed by 2048 Ventures, Matchstick Ventures, MergeLane, Convoi Ventures, and other strategic investors.
How much funding has Frate raised?
Frate has raised $4.0M across 2 rounds on record. The most recent is a Seed of $2.6M announced in Sep 2024.
When did Frate last raise funding?
Frate's most recent funding round on record is a Seed of $2.6M, announced in Sep 2024.
Who founded Frate?
FundedIQ lists Davi Frate (Founder) at Frate.
Who is the CEO of Frate?
Bailey N is listed as CEO at Frate.
Where is Frate headquartered?
Frate is based in Toronto, Ontario, Canada.
How many employees does Frate have?
Frate is in the 1-10 employee band.
How does Frate's funding compare to other Software Development startups?
Frate's latest round of $2.6M is below the $3.0M median round size for Software Development companies on FundedIQ across 228 tracked companies over the last two years.
About FundedIQ's Frate Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Frate is left off this page rather than filled in.
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