# Onfleet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onfleet

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.onfleet.com
- Total disclosed funding: $42M
- Latest round: Series B (Jun 7, 2022)
- Investors on record: 14

## About

Based in the US and founded in 2012, Onfleet is a logistics technology company that offers a sophisticated software platform for optimizing last mile delivery operations across various industries worldwide.Onfleet, Inc. specializes in last mile delivery software solutions that enhance dispatch and route management for businesses. The company was founded in San Francisco, US, by David Vetrano, Khaled Naim, and Mikel Cavia. Its CEO is Christian Gervais. Onfleet has successfully raised USD 23.00 mn through their SERIES B funding round on June 7, 2022, led by Kayne Anderson Capital Advisors, with participation from Almanac Investments, Savant Growth, and Think Big Ventures. The total amount raised by the company is USD 23.00 mn, with a current valuation of USD 156.02 mn.Onfleet specializes in providing a comprehensive last mile delivery software platform designed to optimize dispatch and route management operations for businesses across various sectors. Their core offerings include advanced route optimization, automated dispatch, real-time fleet tracking, and analytics tools, addressing challenges such as inefficient delivery routes, delayed customer notifications, and high operational costs. The software integrates seamlessly with various applications, including e-commerce platforms like Shopify and Square, allowing clients to customize their workflows efficiently. Onfleet serves thousands of businesses in industries such as courier services, food and beverage, retail, e-commerce, pharmacy, and furniture, operating in over 90 countries worldwide. Their services enhance customer satisfaction through features like real-time updates and automated communications.Onfleet generates revenue primarily through a subscription-based model for its logistics software, which allows businesses to access various features based on their operational needs. This transaction structure is designed for B2B relationships, where clients pay for different service tiers depending on their scale and usage requirements. Larger enterprises may opt for comprehensive packages that include advanced analytics and integrations, while smaller operations might select basic plans focused on core delivery functionalities. The software's pricing structure reflects the value offered through its advanced features, which significantly enhance the user experience for both businesses and their customers. The company's revenue model is further supported by partnerships in the logistics and retail sectors, facilitating expanded market reach and service capabilities.In June 2022, Onfleet, Inc. raised USD 23.00 mn in SERIES B funding, led by Kayne Anderson Capital Advisors. The company plans to utilize this funding to expand its team and enhance its platform. This initiative may include the development of new products, although specific upcoming launches have not been detailed. Additionally, Onfleet aims to expand its market presence in new geographic regions, targeting areas that align with its growth strategy.

## Funding rounds

- Series B, Jun 7, 2022, $23M — Think Big Ventures, Kayne Anderson Capital Advisors, Almanac, Savant Growth
- Series A, Oct 30, 2020, $14M — Kennet Partners
- Seed, Nov 16, 2016, $2.6M — StartX, SGH Capital
- Seed, Jan 1, 2015, $2M — Tuesday Capital, Playfair Capital, dunnhumby Ventures, MENA Venture Investments, Winklevoss Capital, StartX, SGH Capital, Viralety Ventures
- Angel, Sep 23, 2013, $0.3M — Dorm Room Fund, Viralety Ventures

## Investors

- Dorm Room Fund (https://capitalatlas.ai/funds/dorm-room-fund) — Angel
- Viralety Ventures (https://capitalatlas.ai/funds/viralety-ventures) — Angel, Seed
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Playfair Capital (https://capitalatlas.ai/funds/playfair-capital) — Seed
- dunnhumby Ventures (https://capitalatlas.ai/funds/dunnhumby-ventures) — Seed
- MENA Venture Investments (https://capitalatlas.ai/funds/mena-venture-investments) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed
- StartX — Seed
- SGH Capital (https://capitalatlas.ai/funds/sgh-capital) — Seed
- Kennet Partners (https://capitalatlas.ai/funds/kennet-partners) — Series A
- Think Big Ventures (https://capitalatlas.ai/funds/think-big-ventures) — Series B
- Kayne Anderson Capital Advisors (https://capitalatlas.ai/funds/kayne-anderson-capital-advisors) — Series B
- Almanac (https://capitalatlas.ai/funds/almanac) — Series B
- Savant Growth (https://capitalatlas.ai/funds/savant-growth) — Series B