Onfleet
Onfleet is a technology company.
Financial History
Onfleet has raised $5.0M across 2 funding rounds.
Frequently Asked Questions
How much funding has Onfleet raised?
Onfleet has raised $5.0M in total across 2 funding rounds.
Onfleet is a technology company.
Onfleet has raised $5.0M across 2 funding rounds.
Onfleet has raised $5.0M in total across 2 funding rounds.
Onfleet is a San Francisco-based technology company that provides cloud-based last-mile delivery management software as a service (SaaS). It builds intuitive tools including smartphone apps for drivers, web dashboards for dispatchers, route optimization, real-time tracking, proof-of-delivery features, and automated customer notifications to streamline operations for retailers and logistics providers.[2][3][4] Serving thousands of businesses across industries like grocery (e.g., Kroger, Sweetgreen), retail (e.g., Total Wine & More, Zumiez), pharmacy, flowers, furniture, and prepared meals in over 90 countries—with 75% of business in North America—Onfleet solves inefficiencies in local delivery by enabling faster, more reliable, and delightful experiences amid rising e-commerce demand.[2][4][5][6] The platform powers millions of deliveries weekly (over 150 million total by recent counts), has doubled revenue for five straight years through 2021, secured a $23 million Series B, and supports driver earnings while integrating with partners like Square and Olo.[5][6]
Onfleet traces its roots to 2012, when Stanford University students David Vetrano, Mikel Carmenes Cavia, and Khaled Naim founded it after two years developing location-based tools for last-mile delivery challenges.[1][2] The idea evolved from Khaled Naim's earlier app, Addy—a simple address resolution tool for Middle Eastern cities with poor addressing—that gained traction in 25+ countries by 2014, highlighting navigation pain points in logistics.[2] Officially launching in 2015 with seed funding including $2 million from StartX and angels, Onfleet addressed the need for modern, cloud-based delivery software; early customer enthusiasm drove rapid feature builds despite a minimal viable product.[1][2][5] Pivotal moments include powering tens of millions of deliveries by 2018, surging during COVID-19 with free support for PPE and food deliveries, and hitting 100 million deliveries by 2021 amid five years of revenue doubling.[1][5][6]
Onfleet stands out in last-mile logistics through product-led innovation and user-centric design:
Onfleet rides the e-commerce and on-demand delivery boom, accelerated by COVID-19, where last-mile logistics—often 50% of supply chain costs—demands efficiency amid fuel hikes, labor shortages, and congestion.[5] Perfect timing post-2015 launch aligned with Uber-like "instant commerce" trends, earning nicknames like "Uber for delivery" from Inc. and TechCrunch; it influences the ecosystem by enabling retailers (e.g., Kroger expanding reach) to compete with pure-plays like DoorDash via seamless tech stacks.[2][5] Market forces like rising online grocery (75% North American focus) and global retail shifts favor Onfleet's optimizations, reducing hassles for 90+ countries' businesses and fostering loyalty through tracking transparency.[4][6] Recognitions like Inc.'s 124th most successful (2019) and SF Business Times' 13th fastest-growing underscore its ecosystem impact.[2]
Onfleet's trajectory points to enterprise expansion and AI-enhanced logistics, building on 150+ million deliveries and Series B fuel for team growth (83 employees as of recent data).[5][7] Trends like autonomous vehicles, predictive routing, and sustainability will shape it, as volatile economics demand cost-saving tools for retailers adapting to "new normal" commerce.[5] Influence may evolve toward dominating B2B delivery orchestration, potentially via acquisitions or deeper integrations, solidifying its role in powering efficient, customer-delighting goods movement worldwide—echoing its founding passion for logistics innovation.[1][3]
Onfleet has raised $5.0M in total across 2 funding rounds.
Onfleet's investors include 2050 Capital, Alumni Ventures, Foundation Capital, Foundry Group, Gaingels, General Atlantic, H.I.G. Capital, Jude Gomila Rolling Fund, Madrona Ventures, OurCrowd, Ridge Ventures, Sapphire Ventures.
Onfleet has raised $5.0M across 2 funding rounds. Most recently, it raised $3.0M Seed in November 2016.