OneRail Secures Series C Funding for Last-Mile Solutions
OneRail, a leading provider of solutions in last-mile omnichannel fulfilment, has closed a Series C funding round to the tune of US$42m.
The cash injection looks set to propel OneRail towards the next stage of its growth and will ensure the firm has access to the necessary capital and expertise.
Led by Los Angeles-based Aliment Capital, the investment comes amid a challenging financial environment for the logistics sector, which, according to McKinsey, has experienced a 90% decline in venture capital funding over the past two years.
Bill Catania, Founder and CEO at OneRail, comments: “This new funding round enables us to deepen our decision logic upstream in the order process to help solve some of the acute challenges facing retailers and wholesalers, such as order sourcing logic defaulting to the closest store to customer for inventory fulfilment, which leads to split orders, out-of-stocks or worse – cancelled orders.”
How OneRail empowers clients
Founded in 2018, OneRail pairs best-in-class software with logistics as a service, providing dependability and speed that enables businesses to meet their delivery promises.
With a real-time connected network of 12 million drivers, the company matches the right vehicle with the right delivery so brands can lower expenses and increase capacity to scale at pace.
This approach features a US-based exceptions team which is available 24/7 and maintains a 98% on-time delivery rate.
What’s more, thanks to its recent acquisition of Orderbot, a Vancouver-based distributed order management solution, OneRail is integrating inventory and order management capabilities to enable store-shelf-to-doorstep visibility.
OneRail has certainly not been left wanting for recognition. It debuted at no.24 on the Deloitte Technology Fast 500 and has been named for four consecutive years to the FreightTech 100. The company was also listed on Forbes’ 2023 and 2024 lists of America’s Best Startup Employers.
Ultimately, by optimising fulfilment processes, reducing costs and improving order accuracy, this exciting venture is committed to empowering clients and improving the customer experience.
Staking a claim in logistics tech
Securing US$42m in funding will help OneRail enhance its software as a service (SaaS) platform, OmniPoint, expanding capabilities that enable dynamic fulfilment and a seamless unified commerce experience for consumers.
OmniPoint automates fulfilment orchestration and last-mile logistics, intelligently selecting the right place from which to fulfil inventory, the right shipping mode and the right carrier to optimise every order.
Now, it looks well positioned to increase its share of the logistics tech market, having seen year-over-year revenue growth of 102%.
Since closing a US$33m Series B round in November 2022, OneRail has grown its revenue by 254% and expanded services to more than 400 cities across the US and Canada.
Bill continues: “OneRail has revolutionised the order process with a dynamic fulfilment solution that quickly finds available inventory in full – from an array of stores or warehouses within a localised radius of the customer – to meet the delivery promise, which ultimately transforms the end-customer experience.
“We’re strengthening our commitment to data science, machine learning and AI, enhancing our ability to derive deeper, more actionable insights from the extensive data that our platform generates.”
Additional participating firms in the funding round include new investors eGateway Capital and Florida Opportunity Fund, as well as existing investors Arsenal Growth Equity, Piva Capital, Bullpen Capital, Las Olas Venture Capital, Chicago Ventures, Gaingels and Mana Ventures.
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