Fetch Package Raises $60 Million To Accelerate Growth
07/21/21, 11:37 AM
Location
austinMoney raised
$60 million
Fetch, the first and only off-site package solution for apartment communities, today announced a $50 million Series C round of equity funding. Ocelot Capital led the round and was joined by Greenpoint Partners, Alpaca VC and Rose Park Advisors. Existing investors Iron Gate Capital, Signal Peak Ventures, Venn Ventures, Pando Ventures, and Seamless also participated. In addition to the equity raise, Signature Bank provided a $10 million venture debt facility.
Company Info
Location
austin, texas, united states
Additional Info
Fetch was founded in 2016 in Dallas, Texas, and has since expanded across the country to scale with current and new clients. The last-mile package delivery company currently operates in Dallas/Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago, Phoenix, Charlotte, Raleigh/Durham, Washington, D.C., Jacksonville and Portland, and will soon be expanding its footprint to Philadelphia, San Francisco and Miami. Fetch accepts deliveries at local Fetch-operated facilities and works directly with residents to schedule door-to-door delivery. The proven system solves the package problem for multifamily properties and provides residents with a convenient and time-saving amenity. With e-commerce growing rapidly, Fetch is a scalable solution for apartment owners and managers struggling to deal with the exponential growth of resident deliveries.