- Last-mile delivery startup Fetch announced that it raised $10.5 million in Series A funding led by Signal Peak Ventures
Fetch — a last-mile delivery startup focused on apartment communities — announced that it raised $10.5 million in Series A funding. Signal Peak Ventures led the round with participation from previous investors including Silverton Partners and Capital Factory. And the investment brings Fetch’s total funding to more than $14 million.
Launched in 2016 in Dallas, Fetch has expanded recently across the country to scale with current and new clients. Now Fetch operate in Dallas, Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago, and Phoenix. And the company is planning to expand to Charlotte, DC, and Portland slated later this year.
“I’m incredibly proud of the entire Fetch team for the progress we’ve made in the last 3 years,” said Fetch founder and CEO Michael Patton. “Since our seed round last summer, we’ve grown from 6 employees to 140, and increased sales by over 1000%. We’ve struck a chord in solving the package problem for the industry through exceptional customer service and consistent, reliable execution. I also take great pride in the fact that we’ve never lost a client.”
Fetch accepts all deliveries at local Fetch-operated warehouses and then provides scheduled, door-to-door delivery with residents directly. Essentially, this solves the package problem for the property and provides residents with a convenient and time-saving amenity
“We’re excited to partner with Fetch at a true inflection point of expansive growth,” added Scott Petty of Signal Peak Ventures. “We are impressed by Fetch’s growing list of national clients and are strong believers in the unique approach they are taking to solve the mounting logistical problem of package delivery to multi-unit tenants.” With the financing, Petty will join Fetch’s Board of Directors.
Some of Fetch’s national clients include Pinnacle, Wood Partners, Alliance Residential, Lincoln Property Company, ZRS, Waterton, and many other NMHC Top 50 firms.
“We’re excited to participate in this financing after witnessing Fetch’s growth and execution over the last year,” explained Kip McClanahan of Silverton Partners. “They’ve assembled a great team with deep multifamily experience and logistics expertise which will serve them well as Fetch scales nationally.”
