- 1 September 2021
- Transport / Logistics Services
US last-mile SaaS platform OneRail has announced it has raised $9 million in a Series A Round. OneRail connects point of sale order information to a network of 7.5 million delivery drivers across the US.
The funding round was led by Ironspring Ventures. “We are very thankful for the show of faith that Ironspring Ventures and our valued investors have placed in us as we continue to execute upon our vision of transforming final mile logistics,” said OneRail founder and CEO Bill Catania in a statement. “This next chapter is all about scale — and the infrastructure needed to execute a true omnichannel strategy.”
Texas based Ironspring specialises in investing in early-stage startups that help digitise the economy. The VC firm is joined by Gaingels and other investors in the business include Chicago Ventures, Bullpen Capital, Las Olas, CreativeCo Capital and Alpine Meridian Ventures participated as well.
“At Ironspring Ventures, we partner with world-class founders and teams who are revolutionizing the way we design, build, distribute, and operate in the physical world,” said Ironspring Ventures Managing Partner Ty Findley, who will join OneRail’s board of directors. “When you think about the end-to-end logistics value chain, we’ve invested in the ‘First Mile’ (Mercado Labs), the ‘Middle Mile’ (Plus One Robotics, Fast Radius), and now with OneRail, we’re excited to back this ‘Final Mile’ solution leader that combines best-in-class technology with the critical human element. Final mile logistics has only become more critical to shippers as they face even further enhanced e-commerce customer experience expectations. OneRail’s 10 times year-over-year revenue growth with major Fortune 500 customers is indicative of how well this team has executed to establish clear product market fit.”