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.

Frate

Austin, US · Founded 2022 · Delaware corporation · 5 employees on LinkedIn · 6 known investors

Find your way into Frate

450 people in our graph share verified history with the Frate team — schools, employers, funds. One of them is your warm intro.

Aydin Senkutunlockedknows Jake Goodman · together at Shopify (overlapped)

×3knows the team · via Shopify

knows the team · via Nickelodeon

×5knows the team · via Lyft

knows the team · via University of Waterloo

knows the team · via Wilfrid Laurier University

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.

AI & Machine Learning Logistics & Supply Chain Retail Tech

Founders & leadership

Frate was founded in 2022 by Jake Goodman.

Jake Goodman inJake Goodman previously built data and AI products at Route. He is now co-founder of Frate, which provides an AI-powered returns portal for Shopify brands.

Bailey NewtonExecutive

Board

Yenn LeiBoard director

Ryan Broshar in 𝕏Board directorInvestor at Matchstick Ventures

Investors · 6

Better Ventures Central LlcOakland · $500K – $1.5M

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 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

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Frate: Toronto-Based Retail Returns Automation Company Raises C$3.6 Millionpulse2.com · Oct 2024

Frate Secures CAD 3.6 Million in Seed Round | The SaaS Newsthesaasnews.com · Sep 2024

Frate Raises CAD$3.6M in Seed Fundingfinsmes.com · Sep 2024

Frate secures $2 million CAD to make e-commerce returns sustainable, cost-effective | BetaKitbetakit.com · Dec 2022

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.