OneRail, a provider of solutions in last-mile omnichannel fulfillment, announced a growth capital investment led by Aliment Capital. Additional participating firms include new investors eGateway Capital and Florida Opportunity Fund and current investors Arsenal Growth Equity, Piva Capital, Bullpen Capital, Las Olas Venture Capital, Chicago Ventures, Gaingels, and Mana Ventures.
The funding will enhance OneRail’s SaaS platform OmniPoint, expanding capabilities that enable dynamic fulfillment and a seamless unified commerce experience for consumers. OmniPoint automates fulfillment orchestration and last-mile logistics, intelligently selecting the right place to fulfill inventory from, the right shipping mode, and the right carrier to optimize every order. And now OneRail is well positioned to take a growing share of the logistics tech market, with year-over-year revenue growth of 102%.
Since the company’s $33 million Series B round in November 2022, OneRail has grown revenue by 254% and expanded service to over 400 cities in the U.S. and Canada. And OneRail further solidified its commitment to upstream intelligence by acquiring the Vancouver, Canada-based company Orderbot, an enterprise inventory and distributed order management (DOM) solution earlier this year.
KEY QUOTE:
“This new funding round enables us to deepen our decision logic upstream in the order process to help solve some of the acute challenges facing retailers and wholesalers, such as order sourcing logic defaulting to closest store to customer to fulfill inventory from, which leads to split orders, out-of-stocks, or worse, cancelled orders. OneRail has revolutionized that process with a dynamic fulfillment solution that quickly finds available inventory in full, from an array of stores or warehouses within a localized radius of the customer, to meet the delivery promise, which ultimately transforms the end-customer experience. We’re strengthening our commitment to data science, machine learning and AI, enhancing our ability to derive deeper, more actionable insights from the extensive data that our platform generates.”
- OneRail Founder and CEO Bill Catania
