Frate
Austin, US · Founded 2022 · Delaware corporation · 5 employees on LinkedIn · 6 known investors
Frate provides an AI-powered, exchange-first returns portal for Shopify brands, automating the returns process while offering fraud detection, smart routing, and recommerce options. The platform aims to lower reverse-logistics costs, shift refunds toward exchanges, and improve the post-purchase customer experience.
Founders & leadership
Frate was founded in 2022 by Jake Goodman.
JG
Jake Goodman
BN
Bailey NewtonExecutive
Board
YL
Yenn LeiBoard director
RB
Ryan BrosharBoard director
Investors · 6
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Better Ventures Central LlcOakland · $500K – $1.5M
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Matchstick VenturesMinneapolis · $500K – $1.5M
2048 Venturesreported · 3 sourcesNew York · $500K – $3M
Better VenturesreportedOakland
Whitecap Venture Partnersreported · 2 sourcesToronto · $1.5M – $3.6M
Also in the syndicate · 1
Closed Loop Venture Partners
Reported raises · per SEC filings
Form D private placements$4.2M disclosed across 1 round · 2024
▶$4.2MraisedSep 2024 · 10 investors · Other TechnologyRule 506(b)
▶$4.2MraisedSep 2024 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Yenn LeiDirector
- Bailey NewtonExecutive Officer, Director
- Ryan BrosharDirector
- Offering amount
- $4.2M
- Amount sold
- $4.2M
- First sale
- Sep 2024
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Frate do?
- Frate provides an AI-powered, exchange-first returns portal for Shopify brands, automating the returns process while offering fraud detection, smart routing, and recommerce options. The platform aims to lower reverse-logistics costs, shift refunds toward exchanges, and improve the post-purchase customer experience.
- Who founded Frate?
- Frate was founded by Jake Goodman in 2022.
- Who are Frate's investors?
- Frate's investors include Better Ventures Central Llc, Matchstick Ventures, 2048 Ventures, Better Ventures, Whitecap Venture Partners.
- How much funding has Frate raised?
- Frate has disclosed $4.2M raised across 1 round.
- Where is Frate headquartered?
- Frate is headquartered in Austin, US.