fundraising

As E-Commerce Swells, Apartment Managers Turn to Tech To Manage Thousands of Parcels.

Fetch Package, a last-mile package delivery company for apartment communities, has raised $50 million in a Series C round of funding and closed on a $10 million venture debt facility.

Austin-based Fetch, which provides a delivery solution for apartment managers and residents, said Tuesday that it has raised $18 million to expand its service. Iron Gate Capital and Pando Ventures led the Series B funding round and were joined by existing investors Signal Peak Ventures, Silverton Partners, Seamless and Venn Ventures. Fetch has raised a total of $32 million.

Logistics and delivery service company Fetch Package announced a $10 million Series A funding round on Sept. 26, led by Signal Peak Ventures. According to Crunchbase, "Fetch solves the package problem for apartment buildings. Fetch partners with property managers to accept all packages at local warehouses and coordinates scheduled, door-to-door delivery with residents. Founded in 2016, Fetch guarantees the package excitement extends to the moment where it delivers prized possessions right into peoples hands."

#4, $10.5 million, September 26 What they do: Fetch is an off-site package delivery service that coordinates with apartment residents to deliver straight to their doors — at a convenient time. This helps property managers and their teams eliminate the hours spent collecting, storing and distributing residents’ packages. (As you may guess, the e-commerce craze has led to piles and piles of parcels in apartment building lobbies.)

Fetch, an Austin-based package delivery startup, has raised $10.5 million in its latest funding round and plans to keep expanding its service. Fetch focuses on apartment communities For customers, the company picks up packages that would be left on doorsteps or with property managers. Those packages are held in an offsite location, until the customer schedules an in-person delivery.

To anyone who lives in an apartment complex and has never lost a package: Go buy a lottery ticket, because you are one lucky dog. To those who weren’t touched by an angel, there’s Fetch — an off-site package delivery service for apartment buildings.

This Austin startup has been on a roll since relocating from Dallas last year. Now it's fetched $10.5 million in a Series A round.