Onfleet
| Company type | Private |
|---|---|
| Industry | Delivery technology, Logistics software |
| Founded | 2012 |
| Founder | David Vetrano, Mikel Carmenes Cavia, Khaled Naim |
| Headquarters | San Francisco , United States |
Area served | Worldwide (primary market North America) |
Key people | Khaled Naim (CEO) |
| Products | Last mile delivery software platform |
Onfleet is a delivery technology firm headquartered in San Francisco, focusing on solutions for last mile logistics. Its software platform supports prominent companies including Sweetgreen, Kroger, and Total Wine & More. Frequently described by outlets such as Inc. and TechCrunch as the "Uber for delivery," Onfleet offers tools that allow merchants to coordinate with drivers, streamline routing, and provide live tracking of shipments.
Operating under a software-as-a-service (SaaS) framework, Onfleet charges subscription fees on a monthly basis, while also offering a limited number of complimentary deliveries. Among its top clients, some manage more than 100,000 deliveries each month. Additionally, Onfleet's platform enables businesses to outsource delivery personnel via its integrated courier collaboration system.
Serving customers across more than 50 countries worldwide, the company’s primary market remains North America, which represented 75% of revenue as of 2020. The organization’s expansion and market presence in logistics technology have been significantly influenced by CEO Khaled Naim’s leadership.
History
The enterprise was established in 2012 by Stanford University alumni David Vetrano, Mikel Carmenes Cavia, and Khaled Naim. In 2015, it obtained $2 million through angel investment rounds, including backing from Stanford's StartX accelerator program. The foundation of the business traces back to Khaled Naim’s app called Addy, which aimed to address navigation difficulties in Middle Eastern cities with complicated addressing systems by generating concise links to mapped directions. By early 2014, Addy had users spanning over 25 countries.
In 2019, Onfleet achieved the rank of 124th on Inc. magazine’s list of fastest-growing companies and was positioned 13th on the San Francisco Business Times’ fastest-growing firms list. During the COVID-19 crisis, it provided complimentary access to its platform for first responders and expanded options for contactless delivery services. Delivery volumes increased by 35% in early April 2020, surpassing 100,000 daily shipments. The legalization of cannabis in multiple U.S. states contributed to revenue growth as deliveries of alcohol and cannabis quadrupled.
At the close of 2020, Onfleet completed a Series A funding round raising $14 million and followed with a $23 million Series B round in June 2022. These investments have fueled the advancement of its last-mile delivery software platform that supports clients such as Kroger and Sweetgreen.