ORLANDO, Fla.--(BUSINESS WIRE)--OneRail, an Orlando-based final mile orchestration and fulfillment platform, announced today that it has raised $5.8 Million in venture investment. The funding round was led by Las Olas Venture Capital with participation from Chicago Ventures, Alpine Meridian Ventures, and several leaders from the retail and supply chain sectors.
OneRail’s final mile orchestration and fulfillment platform matches the shipper’s “demand signal” in real time (Point of Sale, ERP, or eCommerce) to a contracted network of aggregated couriers, to provide a dependable, scalable, and affordable final mile solution. Operationally, OneRail identifies exceptions and manages the logistics of each delivery through “proof of delivery.” The unique way in which OneRail has connected the demand signal with logistics management and fulfillment provides for a complete “end to end” forward and reverse logistics solution, enabling scale and dependability for shippers across many industry verticals, including retail, industrial supply, health care, and product manufacturers.
Bill Catania, founder and CEO at OneRail said “this financing allows OneRail to scale our service offering with existing clients, expand our platform capabilities, and grow our logistics operations team. We’re grateful to partner with Las Olas Venture Capital, Chicago Ventures, and Alpine Meridian Venture Capital; each partner brings highly relevant industry expertise and world class operational excellence – the result of which is a scale catalyst for OneRail.”
“OneRail efficiently makes the connections to carriers, retailers, and manufacturers to implement and delight customers quickly solving the final mile supply chain problems. We are excited to partner with Bill Catania and Chicago Ventures as the first institutional investor behind OneRail,” added Dean Hatton, Managing Partner for Las Olas Venture Capital.
“Last mile delivery customers demand for more efficient and effective deliveries is driven by customers who want more selection, lower prices and convenient delivery options. We are confident that the OneRail Team led by Bill Catania can deliver this to them,” stated Stuart Larkins, Partner at Chicago Ventures.
The “Amazon Effect” has created a consumer expectation for fast, dependable, and affordable delivery, resulting in immediate and immense pressure on shippers to rapidly scale final mile delivery capabilities, impacting both upstream supply chain stakeholders and downstream retailers. Rapid scale has caused upstream and downstream stakeholders alike to rely on “many” disparate delivery and fulfillment solutions, from “on demand” delivery platforms to more traditional couriers, with no single platform to orchestrate and manage “all” fulfillment activity across many disparate solutions.
Neil Ackerman, former Amazon fulfillment executive and OneRail Advisor stated “OneRail solves this problem by providing shippers with one single view and source of truth for all final mile fulfillment, regardless of courier or geography – the result is a truly delightful customer experience.”
Warehouse Anywhere, a tech-enabled micro distribution platform specializing in asset and inventory management and ground-breaking inventory tracking, has utilized the OneRail platform to move inventory to customers. “Our customers rely on us for inventory management, which requires us to place inventory in the most optimal location for distribution to end customers. OneRail’s platform provides data visualization, making it easy for us to focus on what we do best, which is help our customers forward deploy inventory and assets”, stated Glenn Caudill, EVP of Operations and cofounder at Warehouse Anywhere. “We greatly value our partnership with Warehouse Anywhere because it allows us to provide an instant, turn-key, “bolt on” Amazon-like fulfillment solution for our clients,” stated Catania.
“OneRail’s platform has greatly streamlined and improved the last mile process for its customers and all other parties,” said Bill Benedict, Managing Partner of Alpine Meridian Ventures. “We are very pleased to work with Bill Catania and the entire OneRail team to accelerate the growth of their business.”
OneRail’s technology and market approach has been met very positively by the Courier ecosystem as the company has agreements with over 50 courier entities and a footprint of over 75,000 individual couriers with fleet assets ranging from sedans to large box trucks, and range of services including white glove installation and assembly, in all 50 states.
To learn more about OneRail or to inquire how OneRail can better help you increase the competitive advantage of your supply chain, please visit us at www.OneRail.io.
OneRail is a final mile delivery orchestration platform providing real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients. OneRail’s cloud-based “delivery switch” simplifies same-day and on-demand delivery execution by connecting the demand signal (POS, eCommerce, ERP) with an ecosystem of delivery networks and internal fleets, in real-time. The result of OneRail’s centralized view of disparate final mile data enables data-driven optimization, positively impacting the dependability, speed, and cost of final mile fulfillment.
About Las Olas Venture Capital
Las Olas VC is a B2B focused, early-stage investment firm backing the next generation of enterprise tech founders. Las Olas VC's mission is to provide capital leveraging its extensive operating experience and network to help B2B founders win. Dean Hatton, Esteban Reyes, Paul Tanner and Mark Volchek are the Founding Partners of Las Olas VC.
About Chicago Ventures
Chicago Ventures is an early-stage venture capital firm that invests in exceptional entrepreneurs in the Central US.
About Alpine Meridian Ventures
Alpine Meridian is a NYC-based early stage venture firm focused on the Internet, digital media, fintech, data, software, and e-commerce.
Final Mile, Delivered.