About OnFleet
OnFleet is a company based in San Francisco (United States) founded in 2012 by Mikel Carmenes Cavia, David Vetrano, and Khaled Naim was acquired by GroundTruth in March 2021.. OnFleet has raised $44.79 million across 6 funding rounds from investors including GroundTruth, Kennet Partners and Kayne Anderson Capital Advisors. OnFleet offers products and services including Last Mile Delivery Software, Route Optimization, and Driver App. OnFleet operates in a competitive market with competitors including RideOS, OneRail, Get Swift, nuVizz and GreenMile, among others.
- Headquarter San Francisco, United States
- Founders Mikel Carmenes Cavia, David Vetrano, Khaled Naim
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Onfleet, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44.79 M (USD)
in 6 rounds
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Latest Funding Round
$23 M (USD), Series B
Jun 07, 2022
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Investors
GroundTruth
& 15 more
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Employee Count
Employee Count
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Acquired by
GroundTruth
(Mar 30, 2021)
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Products & Services of OnFleet
OnFleet offers a comprehensive portfolio of products and services, including Last Mile Delivery Software, Route Optimization, and Driver App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for optimizing routes and managing deliveries efficiently.
AI tool for planning efficient delivery routes and reducing costs.
App for drivers to handle assignments and real-time tracking.
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Funding Insights of OnFleet
OnFleet has successfully raised a total of $44.79M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $23.0M
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First Round
First Round
(22 Sep 2013)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - OnFleet | Valuation | Kayne Anderson Capital Advisors | |
| Oct, 2020 | Amount | Series A - OnFleet | Valuation | Kennet Partners |
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| Dec, 2016 | Amount | Series A - OnFleet | Valuation | Bossa Nova |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OnFleet
OnFleet has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include GroundTruth, Kennet Partners and Kayne Anderson Capital Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Capital is invested by Savant Growth to fuel company expansion.
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Founded Year | Domain | Location | |
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Early-stage startups in tech sectors are funded by Almanac.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OnFleet
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OnFleet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Onfleet Comparisons
Competitors of OnFleet
OnFleet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RideOS, OneRail, Get Swift, nuVizz and GreenMile, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Technologies for self-driving vehicle transportation ecosystems are provided.
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| domain | founded_year | HQ Location |
SaaS-based last-mile delivery management solutions are provided.
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| domain | founded_year | HQ Location |
Software solution for planning and management of delivery operations
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| domain | founded_year | HQ Location |
Provides software solutions for managing dispatches and last-mile deliveries.
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| domain | founded_year | HQ Location |
Delivery management software suite is provided by GreenMile.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Onfleet
Frequently Asked Questions about OnFleet
When was OnFleet founded?
OnFleet was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is OnFleet located?
OnFleet is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of OnFleet?
Khaled Naim is the current CEO of OnFleet. They have also founded this company.
Is OnFleet a funded company?
OnFleet is a funded company, having raised a total of $44.79M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Sep 22, 2013.
What does OnFleet do?
OnFleet was established in 2012 in San Francisco, United States, within the logistics software sector. Cloud-based solutions are provided to optimize last-mile delivery operations. Route planning, driver assignments, and real-time tracking are facilitated. Metrics including success rates, service times, feedback scores, and distances traveled are monitored. Analytics and custom reports are generated to assess performance across delivery networks.
Who are the top competitors of OnFleet?
What products or services does OnFleet offer?
OnFleet offers Last Mile Delivery Software, Route Optimization, and Driver App.
Who are OnFleet's investors?
OnFleet has 16 investors. Key investors include GroundTruth, Kennet Partners, Kayne Anderson Capital Advisors, Savant Growth, and Almanac Insights.
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