Onfleet, a provider of last-mile delivery management software, has raised $14 million in Series A funding. The capital influx will allow the company to continue broadening its product offerings and expanding its global footprint.
This funding round, led by Kennet Partners, takes place on the heels of growth for Onfleet, which has experienced triple-digit revenue growth year-over-year. Onfleet has powered more than 80 million deliveries in more than 90 countries for thousands of clients including Kroger, Sweetgreen, Drizly, Imperfect Foods, Alto Pharmacy and Gap, among others. This investment round was brings Onfleet’s total funding raised to $20 million since inception.
“We are living in a time of never-before-seen global economic uncertainty, which has turned the need for fast, reliable delivery services from a luxury to a basic necessity,” said Khaled Naim, Co-Founder and CEO of Onfleet in a statement. “In a few short months, the importance of our work has become even more pronounced and we are doing everything that we can to help our clients quickly and efficiently deliver goods to their customers.”
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