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OneRail Secures $42M to Transform Last-Mile Logistics

OneRail Secures $42M to Transform Last-Mile Logistics

The Logistic News by The Logistic News
November 23, 2024
in Business, Tech
Reading Time: 2 mins read
0
OneRail Secures $42M to Transform Last-Mile Logistics
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OneRail, a leader in last-mile omnichannel fulfillment solutions, has raised $42 million in a Series C funding round led by Aliment Capital. The funding will be used to expand the capabilities of its technology platform, strengthen its logistics network, and enhance customer satisfaction through optimized delivery solutions.

A Revolutionary Approach to Last-Mile Logistics

Since its founding in 2018, OneRail has pioneered a logistics ecosystem that combines advanced software with logistics-as-a-service. Its network includes over 12 million drivers, providing real-time delivery solutions tailored to businesses of all sizes. The company specializes in helping retailers and wholesalers reduce costs, increase delivery efficiency, and improve customer satisfaction.

Expanding Capabilities with Orderbot Integration

A recent acquisition of Orderbot, a distributed order management solution, has allowed OneRail to integrate inventory and order management into its platform. This seamless integration offers businesses full visibility from inventory to doorstep delivery, enabling faster and more accurate order fulfillment.

ADVERTISEMENT

Proven Results and Exponential Growth

OneRail’s SaaS platform, OmniPoint, has become a critical tool for businesses looking to streamline last-mile delivery operations. The platform uses intelligent algorithms to optimize inventory sourcing, shipping methods, and carrier selection for every order. Since its last funding round in November 2022, the company has seen:

  • 254% revenue growth;
  • Service expansion to over 400 cities in the United States and Canada.

Industry Challenges Addressed

Bill Catania, CEO and Founder of OneRail, emphasized the importance of the funding: “This investment enables us to address acute challenges in the logistics sector, such as inventory management and order accuracy, by deepening our decision logic upstream in the order process.”

A Diverse Investment Portfolio

In addition to Aliment Capital, several other major investors participated in the funding round, including eGateway Capital, Florida Opportunity Fund, Arsenal Growth Equity, Piva Capital, and Bullpen Capital. This strong backing reflects growing confidence in OneRail’s ability to lead innovation in the logistics technology sector.

Shaping the Future of Logistics

OneRail is setting new standards in the logistics industry, using technology to address evolving challenges in last-mile fulfillment. With its innovative approach and robust growth strategy, the company is well-positioned to continue transforming the way goods are delivered.

For more information, visit: www.onerail.com

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