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The team’s ability to meet the new levels of demand we’ve seen during the pandemic and economic downturn has been phenomenal,” Dye said. “Since its launch in 2016, Fetch has grown at an impressive rate. The company said it will also further invest in its warehouse strategy and delivery technology.įetch currently has 272 employees and plans to double its headcount over the next 12 months. We pride our selves on being one of the original Atlanta Food delivery companies. The new funding will be used to break into new markets, add new clients and expand its reach with current clients, the company said. Established in 2005 Fetch is in the delivery industry for the long haul. The company said it has nearly doubled the number of communities it serves since the beginning of 2020 and has grown the total number of units serviced by 497% year-over-year, with more than 120,000 apartment homes under contract. “We will continue to put our customers first and help our communities and residents persevere through these hard times.” “This fundraise and our fast growth in the middle of a pandemic is a testament to our team’s dedication and hard work,” Patton said. The company said that has been driven by a surge in online purchases at the same time apartment managers are limiting the on-site presence of their teams and are seeking outside delivery services. "Another milestone for the Fetch Package family! Our team's dedication and hard work throughout 2020 has been nothing short of amazing.Property managers are charged per apartment unit on a monthly basis.įetch said its package volume per apartment unit has increased 59% since the emergence of COVID-19. Reasons for the trend include performance problems, climbing costs, and capacity limits at the traditional carriers, Convey said in its latest monthly performance index tracking the delivery sector during the pandemic. Postal Service, and FedEx Corp.-and looking to alternative providers like DHL or regional carriers like LaserShip, OnTrac, Canada Post, and Purolator, according to statistics from logistics technology firm Convey Inc. The new funding comes as retailers are increasingly turning away from the major package carriers-UPS Inc., U.S. “Fetch is the enduring package solution that provides answers to the package volume challenges faced by multifamily operators.” The team’s ability to meet the new levels of demand we’ve seen during the pandemic and economic downturn has been phenomenal,” said Iron Gate Partner AJ Dye, who will join Fetch’s board of directors as part of the latest financing round. That approach provides a scalable solution for apartment owners and managers struggling to deal with the exponential growth of resident deliveries, Fetch says. The firm’s system works by accepting deliveries at its network of local facilities and working directly with residents to schedule door-to-door delivery. The company now operates in Dallas, Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago, Phoenix, Charlotte, Washington, D.C., and Portland, Oregon. In response, Fetch plans to use its new funding to reach into new markets, add new clients, and expand with current clients, as well as invest further in its warehouse strategy and delivery technology. As online purchasing climbs and apartment communities continue to limit the on-site presence of building managers, more and more multifamily owners and operators are turning to Fetch to relieve the crush of package deliveries, the firm says. The move follows $10.5 million in “series A” funding, bringing the company's total funding to more than $32 million.Īustin, Texas-based Fetch says its package volume per apartment home has increased by 59% since the emergence of the Covid-19 pandemic. The “series B” round of funding was led by Iron Gate Capital and Pando Ventures, and joined by existing investors Signal Peak Ventures, Silverton Partners, Seamless, and Venn Ventures. has raised $18 million in venture capital for its door-to-door delivery network focused on the fast growth of packages to multifamily properties such as apartment buildings, the firm said today. Last-mile delivery startup Fetch Package Inc.