OneRail Raises $33M to Expand Last-Mile Transportation Platform – PYMNTS.com
Last-mile transportation visibility solution OneRail has raised $33 million in Series B funding.
The firm plans to use the capital to develop new data-driven platform capabilities and expand its sales, marketing and solution engineering teams, according to a Wednesday (Nov. 30) press release.
Since its Series A round in 2021, the company has grown its revenue by 312% and expanded its service to more than 330 cities in the United States, OneRail CEO and Founder Bill Catania said in the release.
“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,” Catania said in the release.
OneRail offers a comprehensive last-mile solution that replaces siloed legacy systems and manual processes, according to the release.
Its delivery operating system intelligently selects the right shipping mode and courier or carrier network for each order, while its delivery fulfillment platform connects to a network of 10 million drivers, the release said.
Following the funding round, OneRail will develop new capabilities focused on further improving last-mile logistics’ dependability, affordability and sustainability, and expand its teams to meet increased shipper demand, per the release.
The round was co-led by Piva Capital and Arsenal Growth Equity.
Piva Capital Co-Founding Partner Adzmel Adznan said in the release: “OneRail is in a pivotal position to help solve last-mile issues that plague companies and consumers.”
As PYMNTS reported in October, the last mile and the middle mile are getting a high-tech makeover, with data, payments and emerging innovators using new rails to create new sources of value for carriers and shippers — and positive ripple effects for consumers too.
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