In this week’s TOW, we look at previous York IE AngelList SaaS Syndicate investment, Onfleet. With San Francisco roots, Onfleet set out in 2015 to design a platform that optimized last-mile delivery for clients across a wide breadth of markets. This latest round, led by Kennet Partners, brings the company’s total capital raised to $18.9M; and allows the company to meet what they call “surging new demand” after seeing their delivery volume double this year.
As we can see from the Fuel graphic above, Series A funding for logistics management companies reached a peak of nearly $2.4B in 2020 in under 100 funding rounds. This shows the amount of capital being deployed to solutions, as they look to address the ever growing COVID-19 demand, is growing as the number of companies raising rounds continue to plateau.
Proxy Health Partners Joins York IE Labs to Launch Orthotic and Prosthetic Spend Management Platform
(Manchester, N.H., Sept. 28) — Software helps services companies scale. Once founders have established product market fit, they can increase their growth potential by building