OneRail Inks $42M Series C Funding
2024-11-21
ORLANDO, FL, OneRail, a leading provider of solutions in last mile omnichannel fulfillment, today announced a growth capital investment.
The round was led by Aliment Capital, a global investment firm investing across the food value chain, health and nutrition, and the supply chain. This funding round provides additional capital and expertise to lift OneRail to its next level of growth, and comes amidst a challenging funding environment. A recent McKinsey report found that venture capital funding in the logistics sector has seen a 90% decline over the past two years.
Joining the Series C round with Aliment Capital and confirming the strength of OneRail's solution, additional participating firms include new investors eGateway Capital and Florida Opportunity Fund, as well as current investors Arsenal Growth Equity, Piva Capital, Bullpen Capital, Las Olas Venture Capital, Chicago Ventures, Gaingels and Mana Ventures.
OneRail is a leading omnichannel fulfillment solution pairing best-in-class software with logistics as a service to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses. This people-plus-platform approach features a 24/7 USA-based exceptions team who maintain a 98% on-time delivery rate. With its recent acquisition of Orderbot, a distributed order management solution, OneRail is integrating inventory and order management capabilities to enable store-shelf-to-doorstep visibility. By optimizing fulfillment processes, reducing costs and improving order accuracy, OneRail is committed to empowering clients and improving the customer experience.
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