OneRail heralds $33 million Series B funding round

Earlier today, Orlando-based OneRail, a provider of final mile delivery services for enterprise shippers via a delivery fulfillment SaaS platform, announced it has closed its $33 million Series B funding round. This most recent round of investment brings the company’s total capital raise to $54.5 million, going back to its seed round in 2020.

OneRail said that this most recent round of funding was co-led by Piva Capital and Arsenal Growth Equity.

And the company added that this funding round will be allocated towards developing what it called data-driven platform capabilities, geared towards augmenting the dependability, affordability, and sustainability of last mile logistics, as well as embarking on a significant expansion of its sales, marketing, and solution engineering teams, in order to help its customers meet increased shipper demand for more efficient last mile services.

“Since our Series A round in 2021, we’ve grown revenue year-over-year by 312% and have expanded service to over 330 U.S. cities,” said OneRail CEO and founder Bill Catania in a statement. “As the connective tissue between our customers, courier networks and consumers, our delivery fulfillment system is currently transacting over 12 million data calls per minute, producing a mountain of data which is further unlocked through this growth round of funding, helping our customers achieve greater efficiencies, new fulfillment capabilities and corporate sustainability objectives.” 

In September 2021, OneRail closed a $9 million Series A investment that brought its total capital raise to $21.5 million at that point.

OneRail’s Catania told LM at that time that the September 2021 round of investment was earmarked for a few key areas for the company’s future growth.

“When Covid hit, we had a tremendous amount of new business because everybody was re-evaluating their supply chains and how to handle the final mile and some of the capacity constraints and price increases, with customer expectations, of course being the key driver,” he said. “It starts with how there was quite an influx of business for customers we did have, which scaled up very quickly and so that put us in a position where we needed to increase our customer success or customer support vertical. That is the implementation of customers and the support of customers. That really is a key focus for us over the next year, to build that department up further just to handle all of the on-boarding we are doing, which is a good problem. As we are onboarding, we are launching and are scaling so then there is a support element, too. So, it is not only the implementation side, but then now we need to support these customers, keep them happy and make sure we are delivering on their objectives. Customer support is a huge focus.”