OneRail, an Orlando, FL-based provider of mile omnichannel fulfillment solutions, raised $42M in Series C funding.
The round was led by Aliment Capital. Additional participating firms included 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.
The company intends to use the funds to further enhance its software as a service (SaaS) platform, OmniPoint®, expanding capabilities that enable dynamic fulfillment and a seamless unified commerce experience for consumers.
Led by Founder and CEO Bill Catania, OneRail is a omnichannel fulfillment solution pairing software with logistics as a service to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, it matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses.
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, it is committed to empowering clients and improving the customer experience.
Since November 2022, OneRail has grown revenue by 254% and expanded service to more than 400 cities in the U.S. and Canada.
FinSMEs
04/12/2024