“But we know better than Pizzeria Delfina how long it takes them to make two cheese pizzas on a Friday night at 5 p.m.”Ĭall up Pizzeria Delfina-a popular Bay Area joint-and they’ll tell you they don’t deliver but “we have services that deliver for us.” Which is another benefit of the new delivery craze: giving local brick-and-mortar businesses a way to boost revenue. “I’m not saying we’ve perfected it,” says co-founder Bastian Lehmann. The company crunches data like food-preparation times to get better at stacking-letting couriers drop off one order while their next pickup is already assigned and being prepared. markets by the end of 2015, are hot meals. The vast majority of deliveries made by Postmates, which plans to be in 50 U.S. If you don't get the confirmation within 10 minutes, please check your spam folder. Click the link to confirm your subscription and begin receiving our newsletters. The industry has recognized Fetch as the one package model capable of carrying multifamily into the future, and we’re honored that our investors feel the same.For your security, we've sent a confirmation email to the address you entered. We’ve proven our profitability in a number of markets and we’re aiming to triple our business in the next 18 months with that continued success and profitability top of mind. When commenting on the new funding raised by Fetch, CEO Michael Patton said, “We’re excited about what this fundraise means for our company in terms of our ability to extend our package management solution to more cities, more apartment communities and more renters across the country. The company will also make inroads with new community and regional managers to increase large business areas. The delivery startup plans to use this added capital to expand business operations to 24 new markets across the US over the course of the next two years.
In addition to the Series C funding round, the company also raised $10 million in venture debt facility from Signature Bank. The funding round was led by Ocelot Capital with participation from Greenpoint Partners, Alpaca VC, Rose Park Advisors, Iron Gate Capital, Signal Peak Ventures, Venn Ventures, Pando Ventures, and Seamless. In the Series C funding round, the delivery startup raised $50 million in equity. With the explosion of the ecommerce market, these figures are only set to grow even more in the coming years. Fetch currently does business with over 180,000 units and over 650 communities across 16 different US markets. Business is set to increase dramatically this year, with the delivery startup on pace to reach over 8 million packages. Last year, the company delivered over 3.5 million packages.
The delivery startup has already seen significant widespread adoption across the United States (US).
At the same time, the company can help free up building management from having to spend a large portion of every day just cataloging and processing parcels to instead focus on other aspects of their job. For community managers, doing business with Fetch at a wide-scale level can even raise property values and serve as an incentive to live in the area. This final step allows for packages to not only show up at the desired time where the recipient will be home ready for them but can help eliminate the need for a mailroom entirely. From there, recipients can choose a time that works best for them to have the package delivered straight to their door. Instead of going directly to an apartment building, packages are re-routed to the nearest Fetch facility, where the company processes them and sends an alert notification directly to the recipient. How Fetch Works and Ongoing Successĭelivery startup Fetch solves community and apartment building delivery issues by serving as the final delivery team for each parcel. The company recently raised new Series C funding to increase business operations, open up in new locations, and take on a larger customer base.
Fetch is a delivery startup that works to eliminate these issues with its package delivery solution. For apartment buildings and communities, package delivery can be a source of major stress with thieves, large mail rooms, or bad weather causing problems for residents and building managers.