Dropoff offers same-day, local courier services with a proprietary logistics software platform that provides real-time tracking, route optimization, and integrations with customers' logistics systems. The company serves healthcare customers with HIPAA- and OSHA-certified couriers for critical blood and lab testing deliveries, and also works with retail/ecommerce and industrial clients. Dropoff reports a presence in 40+ cities across 20+ states and emphasizes enterprise visibility and operational efficiency. The company has received growth-stage funding from Fulcrum Equity Partners, Greycroft Partners and Wild Basin Investments. Dropoff intends to use recent financing proceeds for general working capital purposes and acquisitions to expand its footprint and offerings. Leadership cites continued market-share expansion driven by its technology and vetted driver network. Dropoff is an Austin, Texas–based, technology-backed same-day delivery solution for businesses, led by CEO Sean Spector. The company leverages professional delivery agents and a technology platform offering real-time tracking and confirmations, pricing, flexible delivery options, and APIs. Dropoff works with brands across multiple industries, including Sprinkles, Whole Foods, Neiman Marcus, Zazzle, Airbnb, JW Marriott, and McKesson. It recently expanded to San Diego, Fort Worth, and Nashville, bringing the total number of cities it serves to 15. The company plans to use new funding to grow local market teams, increase staffing at its headquarters, and expand to 50 markets. Financially, Dropoff completed an $8.5M Series B to support these growth initiatives. Dropoff operates a same-day B2B delivery platform with web and mobile interfaces and an API that integrates with warehouse and e-commerce systems. The service provides price estimates, real-time tracking of delivery agents, delivery windows, and proof-of-delivery signatures to meet enterprise logistics needs. Dropoff launched in Austin in November of last year and expanded to Houston in January; since then it has completed tens of thousands of deliveries for hundreds of customers. Its deliveries range from legal documents to office groceries, and one of its largest customers is CVS, which uses Dropoff to deliver medicine and medical supplies across Texas. The company is focused exclusively on business-to-business delivery and aims to become a national same-day business delivery provider. The new funding will be used to open additional cities, beginning with Dallas and San Antonio. Dropoff provides businesses with a web and mobile dashboard to book couriers, review prices before starting, receive reliable ETAs, and track packages in transit. The company focuses on serving businesses rather than consumers, targeting industries including legal, real estate, accounting, healthcare, food and grocery, hospitality, and retail. Dropoff is operating in Austin and plans to expand to other metropolitan areas soon. It positions itself against competitors such as Uber Rush, TaskRabbit, Postmates, and WunWun by specializing in business use cases and industries outside typical grocery delivery. Couriers working with Dropoff reportedly make about $20 per hour on average, and Dropoff pays couriers between 66% and 50% of fares depending on segment and delivery type (on-demand, scheduled, or routes), compared with an industry-standard 50/50 split. Financially, Dropoff has raised a total of $1.85 million in seed funding from Austin Ventures, Silverton Partners, Mucker Capital, and others.

Total raised

$47M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Sep 2021