OneMorePallet operates a technology platform matching U.S.-based small businesses that need to move palletized freight with LTL carriers looking to fill unused space at discounted rates. The site lets customers name their own shipping price and the software determines if there is a match; if none is found customers can raise their bid or try again later as supply and demand change. The company takes a small fee on every transaction and targets U.S. manufacturers, distributors, and breweries with under $10M in sales that don’t ship enough volume to get bulk-rate carrier discounts. Since launching in late 2012 it has fulfilled over 300 shipments for 75 customers, including iWireless, National Band and Tag Co., Rheingesit Brewery and Mt. Carmel Brewing Company. OneMorePallet partners with 32 carriers, including Old Dominion, YRC Freight, Road Runner and the Castellini Group. The company intends to use the new funds to increase customer acquisition and further improve the customer experience on the site.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2014