OneRail, an Orlando, FLA-based last mile delivery fulfillment SaaS platform, completed $33 million in a Series B funding round co-led by Piva Capital and Arsenal Growth Equity.
Other investors include Trimble Ventures, ATD, and existing investors Ironspring Ventures, Las Olas Venture Capital, Bullpen Capital, Triphammer Ventures/Alumni Ventures Group, Gaingels, and Mana Ventures.
With this funding, OneRail plans to create a wide range of new data-driven platform capabilities aimed at enhancing last-mile logistics' dependability, affordability, and sustainability.
OneRail also plans to significantly expand its sales, marketing, and solution engineering teams in addition to creating new capabilities to satisfy growing shipper demand for more effective last-mile solutions.
“Since our Series A round in 2021, we’ve grown revenue year-over-year by 312 percent and have expanded service to over 330 U.S. cities,” said OneRail CEO and founder Bill Catania. “As the connective tissue between our customers, courier networks and consumers, our delivery fulfillment system is currently transacting over 12 million data calls per minute, producing a mountain of data which is further unlocked through this growth round of funding, helping our customers achieve greater efficiencies, new fulfillment capabilities and corporate sustainability objectives.”
OneRail's platform used at more than 10,000 different shipper locations, make its debut at number 48 on this year's Inc. 5000 list, and was named to the FreightTech 100 for the second consecutive year.
Its logistics partner network expanded by four million, up 66 percent year over year, and is a managed marketplace that seamlessly benefits shippers and courier companies.
Company: On Demand Technologies, Inc.
Raised: $33.0M
Round: Series B
Funding Month: November 2022
Lead Investors: Piva Capital and Arsenal Growth Equity
Additional Investors: Trimble Ventures, ATD, Ironspring Ventures, Las Olas Venture Capital, Bullpen Capital, Triphammer Ventures/Alumni Ventures Group, Gaingels, and Mana Ventures
Company Website: https://www.onerail.com/
Software Category: Last Mile Delivery Solutions
About the Company: Founded in 2018 by Bill and Lisa Catania, OneRail is the last-mile transportation visibility solution, providing shippers with Amazon-level dependability and speed. With a real-time connected network of 10 million drivers. OneRail’s delivery fulfillment platform is directly connected to an unparalleled real-time-connected network of nearly 10 million drivers. OneRail finds the right vehicle for the right delivery, so shippers gain low prices and greater capacity to rapidly scale their businesses. Across retail, CPG, distribution, construction, healthcare, and more, OneRail offers an exceptional last-mile delivery experience with an on-time delivery rate of 98.6%, while keeping brands front and center.
Source: https://www.businesswire.com/news/home/20221130005117/en/OneRail-Raises-33-Million-in-Series-B-Funding-to-Transform-B2B-Supply-Chains