Las Olas Venture Capital’s Post

I am both grateful and ecstatic to announce OneRail’s Series C financing, a $42M round that was led by growth investor Aliment Capital. I’m grateful because: - We’ve built an amazing team here at OneRail. A team that has now weathered significant market volatility, a pandemic, a freight recession, geo political instability, and the evaporation of @ 90% of the venture capital within the supply chain and logistics tech sector over the past 24 months. The grit and determination of the OneRail team is rare and it is our greatest super power. We apply this same grit and determination when we help our customers solve problems. - We have customers that want to transform their businesses and are committed to REAL change. We’ve been able to experience 100%+ YoY growth during a tech slowdown because our customers are NOT slowing down their need to transform. Equally, we have NOT slowed down either, with continued investment in our platform, in expanding our team, “up leveling” our leadership team with the additions of Peter Cyr, MBA, Ed Carse, Chris Kucharski, and Ally Smith, and in expanding our 12M+ driver delivery network, which now reaches 400+ cities across North America. - We have passionate inside investors that have stood by us during very difficult times, notably the growing pains that are associated with hyper growth. While everybody loves “up and to the right”, there are costs to that and it takes serious conviction, “guts”, and extreme trust in leadership to work through those challenges. I am beyond grateful for the trust that our investors (Seed, Series A, B) have put in both Lisa Catania and I, and for their guidance and wisdom along the way that has helped us build a great company. - We have found a world class partner in our Series C lead investor, Aliment Capital, who’s conviction and potential to support OneRail’s next stage of growth and scale convinced us to take their investment at a time that we weren’t considering a capital raise. As we learned more about Aliment, it became clear that their commercial ecosystem, record of building/scaleing companies, stable of industry advisors, and passion for Sustainability, would further accelerate OneRail’s maturity and scale. It was a pleasure working with Timothy Bluth, Whitney Routman, and Aliment founders Ben Belldegrun and Philip Erlanger, through the process. Special thank you to David Rye for investing alongside Aliment in this round. We also look forward to working with both David and Nimal Gamage as Advisors going forward. In addition to Aliment, we are pleased to welcome eGateway Capital and the Florida Opportunity Fund as new investors. Finally, thank you to our inside investors for supporting this round, including Arsenal Growth Equity, Las Olas Venture Capital, Piva Capital, Bullpen Capital, Chicago Ventures, Gaingels, and Mana Ventures. Get the full story: https://hubs.ly/Q02Z3WFN0 More great news next week!