OneRail, an Orlando, FLA-based final mile orchestration and fulfillment platform, raised $5.8M in venture funding.
The round was led by Las Olas Venture Capital with participation from Chicago Ventures, Alpine Meridian Ventures, and several leaders from the retail and supply chain sectors.
The company intends to use the funds to expand its platform capabilities, and grow its logistics operations team.
Led by Bill Catania, founder and CEO, OneRail provides a final mile orchestration and fulfillment platform that matches the shipper’s “demand signal” across many industry verticals, including retail, industrial supply, health care, and product manufacturers in real time (Point of Sale, ERP, or eCommerce) to a contracted network of aggregated couriers, to provide an affordable final mile solution.
Operationally, OneRail identifies exceptions and manages the logistics of each delivery through “proof of delivery.”
The company has agreements with over 50 courier entities and a footprint of over 75,000 individual couriers with fleet assets ranging from sedans to large box trucks, and range of services including white glove installation and assembly, in all 50 states.
FinSMEs
26/02/2020