Austin delivery startup Fetch lands $18M for growth

As e-commerce has exploded during the pandemic, apartment complexes have been overwhelmed by packages. 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.

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Reducing operating costs has always been a top priority for property managers and building operators. A proven way to do this is to focus on resident retention. A survey by Avail showed that when residents renew their leases, landlords can save up to $2,500 that would otherwise be allocated toward finding new renters and making updates to units for rent.
"We needed a package management solution that first and foremost improves the resident experience, and also lifts package responsibilities from our team members' shoulders," said Mark-Taylor President John Carlson. "Fetch is the best solution to support our team members while offering residents package delivery service catered to their personal schedules and needs. At Mark-Taylor, we are excited to experience the unique benefits that Fetch will bring to our communities."
Built In Austin
Fetch is growing substantially, having delivered over 10 million packages since its founding. In 2021, they spread to six new markets, including Minneapolis, Raleigh-Durham, Palm Beach, Fort Lauderdale, Miami and Nashville. To further highlight the innovative new tech companies addressing particular needs, Built In Austin curated a list of 22 of the city’s startups to watch in 2022. 
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