What is Oncue?
Founded in 2018, Oncue has developed an innovative platform designed to empower moving companies to scale faster, operate more efficiently, and enhance their business operations. The company's technology and on-demand booking services are engineered to save moving business owners an average of 28 working days annually, allowing them to reinvest this time into strategic growth without relinquishing control. This focus on operational efficiency and business scaling positions Oncue as a key player in modernizing the logistics and moving sector.
How much funding has Oncue raised?
Oncue has raised a total of $10.2M across 2 funding rounds:
Debt
$150K
Series A
$10M
Debt (2020): $150K with participation from PPP
Series A (2021): $10M led by Crosslink Capital Inc, Rethink Impact, and Bowery Capital
Key Investors in Oncue
Rethink Impact
Rethink Impact is a venture capital firm that invests in entrepreneurs, technology platforms, and networks focused on creating ecosystems of change. The firm targets leaders who leverage technology to address significant global challenges across various sectors, including healthcare, economic opportunity, environmental sustainability, and education. Rethink Impact believes that the next generation of successful companies will prioritize their mission to benefit all communities. Their portfolio companies are designed to drive impactful results, such as improving mental health access and enhancing climate resilience.
Bowery Capital
Bowery Capital focuses exclusively on supporting startups that disrupt and upgrade legacy marketing and IT products and services across all organizations. As more and more internet natives drive purchasing decisions, Bowery Capital believes that roughly $357B will change hands over the next 10 years as old products are replaced with new. The firm believes that the key ingredient to early success is MRR and ARR growth, and as such provides various sales tools that portfolio companies can leverage to develop a strong early customer base. This combination of a focused thesis and value-added support are the cornerstones of Bowery Capital's investment approach.
Crosslink Capital Inc
Undisclosed investor participating in the funding round.
What's next for Oncue?
With its recent major strategic investment, Oncue is poised for significant expansion. The company's trajectory suggests a focus on further developing its technology stack and broadening its market reach within the enterprise-level logistics and moving services sector. This latest round of financing will likely fuel initiatives aimed at enhancing its on-demand booking capabilities and reinforcing its value proposition of trust and transparency for moving companies seeking to optimize their operations and achieve sustainable growth.
See full Oncue company page
