Fetch, the first off-site package solution for apartment communities, today announced a $10.5 million Series A round of funding. Signal Peak Ventures led the round, with participation from previous investors including Silverton Partners and Capital Factory. The investment brings the Company's total funding to more than $14 million.
Founded in 2016, Fetch has been partnering with the largest multifamily groups in the country and recently expanded out of Texas (where it operates in Dallas, Fort Worth, Houston, Austin, and San Antonio) and into 10 additional markets - Atlanta, Charlotte, Chicago, Denver, Orlando, Phoenix, Portland, Seattle, Tampa, and Washington D.C. Fetch solves a problem that relieves communities of the day-to-day activities of dealing with resident packages of all shapes and sizes that are flooding their properties.
As online shopping becomes ubiquitous, so do the boxes delivered to homes across the country. For apartment dwellers — and the managers of the buildings they live in — it’s tough to manage the boxes that pile up, sometimes clogging precious space for days. The problem’s only getting worse, says Rick Haughey, vice president of the nonprofit National Multifamily Housing Council.