ATLANTA – November 30, 2022 — Morris, Manning & Martin advised Orlando-based OneRail in a $33 million Series B funding round co-led by Piva Capital and Arsenal Growth Equity. OneRail is a last mile transportation visibility solution providing shippers with Amazon-level dependability and speed. With a real-time connected network of 10 million drivers, OneRail finds the right vehicle for the right delivery, so shippers gain low prices and greater capacity to rapidly scale their businesses. OneRail will leverage this funding round to develop a multitude of new data-driven platform capabilities focused on improving the dependability, affordability and sustainability of last mile logistics. In addition to the development of new capabilities, OneRail also intends to greatly expand its sales, marketing and solution engineering teams to meet increased shipper demand for more efficient last mile solutions.
Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs who are solving the world's critical industrial challenges with breakthrough technologies and innovative business models. Arsenal Growth Equity is an execution-stage private equity firm based in Florida. Founded in 1999, Arsenal invests in emerging software companies across a myriad of sectors — targeting capital efficient, high-growth businesses where they can leverage their operational and strategic network to help founders scale.
The MMM team is led by Nick Foreste with Matt Carlucci, Ella Vacca and John Taylor in Atlanta. OneRail announced the transaction November 30, 2022.
