What is Onfleet?
Onfleet is recognized as the fastest-growing provider of last-mile delivery management software, powering millions of deliveries weekly across more than 90 countries. Launched in 2015 and headquartered in San Francisco, the company connects businesses, dispatchers, and recipients in real-time to streamline the last-mile experience. This integration results in substantial operational efficiencies and cost savings, often up to 50% for its clientele. Onfleet's technology is crucial for businesses seeking to optimize their delivery operations and enhance customer satisfaction.
How much funding has Onfleet raised?
Onfleet has raised a total of $64.8M across 6 funding rounds:
Private Equity
$2M
Unspecified
$21M
Private Equity
$4.5M
Debt
$350K
Series A
$14M
Series B
$23M
Private Equity (2015): $2M with participation from Playfair Capital and Winklevoss Capital
Unspecified (2015): $21M led by Stanford-StartX Fund, CrunchFund, and Winklevoss Capital
Private Equity (2016): $4.5M, investors not publicly disclosed
Debt (2020): $350K featuring PPP
Series A (2020): $14M backed by Kennet Partners Ltd
Series B (2022): $23M with participation from Kayne Anderson Capital Advisors and Savant Growth
Key Investors in Onfleet
Playfair Capital
Playfair Capital is a London-based venture capital firm specializing in pre-seed investments, known for its selective approach and strong follow-on support for companies aiming for global leadership.
Winklevoss Capital
Winklevoss Capital supports determined entrepreneurs tackling critical problems in domains such as crypto, space, energy, and biotech, aiming to foster innovation and improve human experiences.
Kayne Anderson Capital Advisors
Kayne Anderson Capital Advisors is an alternative investment management firm with a diverse focus including energy, infrastructure, real estate, credit, and growth equity.
What's next for Onfleet?
With its recent major strategic investment, Onfleet is well-positioned for its next phase of growth. The company's consistent expansion and its ability to deliver significant cost savings to customers indicate a strong market fit and a scalable business model. This latest backing will likely be directed towards enhancing its platform capabilities, expanding its geographical reach, and further solidifying its leadership in the competitive last-mile delivery management space. The company's trajectory suggests a continued focus on innovation and operational excellence.
See full Onfleet company page
