Pillsbury Winthrop Shaw Pittman LLP advised Onfleet on the deal.
Onfleet, a last mile delivery management software platform, announced a $23 million Series B financing round. The new round, led by Kayne Partners and with participation from preexisting Onfleet investor Savant Growth, brings the company’s total capital raised to over $40 million.
Last mile delivery, or last mile logistics, is the process of transporting goods from their respective distribution hubs directly to the final delivery destination. Onfleet’s technology allows customers to search and select drivers, adjust routes and provide real-time status updates while also reducing carbon emissions through sustainability efforts.
The Pillsbury deal team was led by Corporate partner Ron Fleming (Picture) in New York and included associates Taylor O’Toole, Adam Hoskins and senior law clerk Denis O’Regan.
Law Firms: Pillsbury Winthrop Shaw Pittman LLP;