The Stanford StartX Fund invests in delivery management platform provider Onfleet.

Onfleet, a delivery management spinout from Stanford University, has raised $2m from a consortium including the Stanford StartX Fund, a non-profit organisation that aims to accelerate the development of Stanford’s entrepreneurs.

The Stanford StartX fund was joined in the round by US-based venture capital firm CrunchFund, angel fund Winklevoss Capital and various private investors.

Previously Onfleet raised $300,000 in angel funding in September 2013 and an undisclosed amount from United Arab Emirates-based MVI in June 2014.

Onfleet provides a delivery management system to its customers. This system manages the deliveries, routes and provides the real-time driver tracking and SMS updating for customers.

Mikel Carmenes Cavia, vice-president of engineering and co-founder of Onfleet, said: “Onfleet features a comprehensive out-of-the-box solution and a robust API, designed specifically to solve the pain points of local delivery businesses.”

The company was founded in 2012. The company has now launched its platform to all after a closed beta test.