What is Onfleet?
Headquartered in San Francisco, Onfleet operates as a premier provider of last-mile delivery management software, serving as the digital backbone for millions of deliveries across more than 90 countries. The platform functions as a real-time nexus for businesses, dispatchers, and end-recipients, streamlining the final leg of the supply chain. By leveraging sophisticated routing algorithms and intuitive interface design, Onfleet enables its enterprise clients to achieve significant operational efficiencies, often realizing cost reductions of up to 50%. Since its inception in 2015, the company has evolved from a niche solution into an essential enterprise-grade utility for the global logistics ecosystem.
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 Winklevoss Capital and Playfair Capital
Unspecified (2015): $21M led by Winklevoss Capital, CrunchFund, and Stanford-StartX Fund
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 Savant Growth and Kayne Anderson Capital Advisors
Key Investors in Onfleet
Winklevoss Capital
A venture firm focused on supporting determined entrepreneurs tackling challenging problems in critical domains such as crypto, space, energy, and biotech.
CrunchFund
An early-stage, sector-agnostic venture capital firm based in San Francisco that leverages media and PR expertise to propel high-growth companies.
Stanford-StartX Fund
A research-driven investment entity associated with Stanford University, focusing on fostering entrepreneurial talent and interdisciplinary problem-solving.
What's next for Onfleet?
With the infusion of $23M, Onfleet is well-positioned to accelerate its product roadmap and expand its international footprint. The company's strategic focus remains on deepening its integration capabilities and enhancing the predictive analytics features that drive its core value proposition. As the demand for frictionless, transparent delivery experiences continues to surge, Onfleet is poised to leverage its current capital position to capture additional market share, potentially exploring new verticals within the broader logistics and fulfillment landscape to maintain its competitive edge.
See full Onfleet company page
