Onfleet's announcement featured in the Wall Street Pro Capital Venture round-up
We're excited to announce that Onfleet has raised a $14m Series A round of funding, led by Kennet Partners, to grow our team and expand our innovative last mile logistics software platform to meet the growing needs of retailers and delivery businesses around the world.
Onfleet recognized in Gartner's 2020 Market Guide for Vehicle Routing and Scheduling
Onfleet's series A announcement featured in Fortune's venture Term Sheet
“We talked to parties that said up to a quarter of gross margins were going to delivery, so the ability to optimize routes has a dramatic impact on the bottom line,” said Javier Rojas, Kennet’s managing director.
Grocery Dive covers Onfleet and its host of services that enable retailers, and especially, grocers, to make the most of this key channel.
Crunchbase reports Onfleet has raised $14 million in an oversubscribed Series A funding in a round led by Kennet Partners.
“We are living in a time of never-before-seen global economic uncertainty, which has turned the need for fast, reliable delivery services from a luxury to a basic necessity,” Khaled Naim, co-founder and CEO of Onfleet, said.
The raise comes as demand for ecommerce and associated delivery services have gone through the roof due to the global pandemic, opening the door for companies such as Onfleet to serve as the logistics backbone for retailers wanting to capitalize on the rapid acceleration of online sales.
“Delivery is a long-term growth industry. The pandemic has only accelerated its explosive adoption. To compete, brands need to extend their customer relationship and service experience to the doorstep, which creates a large market need that Onfleet is well-positioned to solve.” - Javier Rojas
Food On Demand reporter Nicholas Upton spoke with Khaled Naim, who noted "a common thread between the retailers, restaurants, grocers, and startups is the desire to take control of local delivery."
FreightWaves senior tech reporter Linda Baker interviewed Khaled Naim, Onfleet's CEO, about the recent series A funding and the road ahead
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