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Venture Capital News: Onfleet Nabs $23M Series B

2022-06-08
SAN FRANCISCO, CA, Onfleet, the leading last mile delivery management software platform, has raised $23 million in a Series B funding round.
The new round will be used to accelerate Onfleet's technology innovation and expand its product and engineering capabilities to help businesses around the world launch, optimize and successfully scale their delivery operations.

The new round, led by Kayne Partners, the dedicated growth equity group of Kayne Anderson Capital Advisors, L.P. with participation from existing investor Savant Growth, brings the company's total capital raised to over $40 million. Kayne Partner's Robert Shilton will join Onfleet's Board of Directors.

Onfleet is a San Francisco-based technology company that helps businesses streamline their delivery operations. Onfleet's software powers millions of deliveries per week for thousands of businesses around the world. Onfleet's platform includes a web-based dispatch dashboard, intuitive drive apps on iOS and Android, real-time tracking and notifications for customers, and a robust API. Onfleet helps businesses route and dispatch efficiently, collect proof of delivery, access comprehensive last-mile analytics, and provide a branded, delightful customer experience.
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