Participated · Seed · Aug 2018

Fetch Package operates a last-mile package delivery and management service for apartment communities, coordinating scheduled direct-to-door deliveries with residents via an app and unique package code identifiers. The company was founded by Michael Patton in May 2016, launched operations in Dallas in February 2017, and later moved its headquarters to Austin. Fetch contracts with just over 200,000 doors (around 700 communities), works with seven of the top 10 apartment management companies, and signed a national preferred vendor agreement with Greystar. It delivered about 3.5 million packages in 2020, hit 2.5 million packages by June 2021, projects more than 8 million by year-end, and says ARR tripled in 2020 while GAAP revenue grew 6x year-over-year. The company employs roughly 350 W2 workers and relies on thousands of 1099 contractors as drivers, and has expanded to 25 warehouses in 15 markets. Fetch plans to use new capital to expand into South Florida, Philadelphia, San Francisco, Nashville, Minneapolis and other markets over the next two quarters, launch about 20 new markets in 18 months, and invest in its tech stack and operational infrastructure. Fetch provides an off-site package solution for apartment communities, accepting deliveries at Fetch-operated facilities and scheduling door-to-door delivery for residents. Founded in 2016 in Dallas, Texas, the company has expanded across the U.S. and now operates in cities including Dallas, Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago, Phoenix, Charlotte, Washington, D.C., and Portland. Fetch aims to relieve on-site teams by handling high package volumes for multifamily operators and positioning its service as a resident amenity. The company plans to use new funding to expand into new markets, add new clients, and invest further in its warehouse strategy and delivery technology. Operational metrics show package volume per apartment home has increased 59% since the emergence of COVID-19; Fetch has almost doubled the number of communities served since early 2020 and grown units serviced 497% year-over-year, with over 120,000 apartment homes currently under contract. With e-commerce growing rapidly, Fetch presents its service as a scalable solution for apartment owners and managers facing exponential growth in resident deliveries. Fetch Package is a package delivery platform for multifamily communities that accepts packages at local facilities and coordinates scheduled, door-to-door delivery directly with residents. Through its app, residents can schedule two-hour delivery windows and manage their deliveries. Founded in 2016 and based in Austin, Texas, the company employs over 140 people and counts national clients including Pinnacle, Wood Partners, Alliance Residential, Lincoln Property Company, ZRS, Waterton and many other NMHC Top 50 firms. It currently operates in Dallas, Fort Worth, Houston, Austin, San Antonio, Seattle, Denver, Atlanta, Orlando, Tampa, Chicago and Phoenix, with Charlotte, DC and Portland slated to round out 2019. Fetch raised a $10.5m Series A led by Signal Peak Ventures, bringing total funding to more than $14m. The company intends to use the funds to continue to expand its business reach. Fetch is an off-site package solution for apartment buildings that accepts all packages at local warehouses and provides scheduled, door-to-door delivery directly to residents. Founded in 2016 and led by CEO Michael Patton, the company serves many NMHC Top 50 clients, including Greystar, Pinnacle, ZRS, and Wood Partners. The company raised $3M in seed funding in a round led by Silverton Partners. Fetch plans to use the funds to expand across Texas, partnering with current clients in Houston and Austin, and to further develop its software platform. It also intends to enable additional delivery services such as hassle-free package returns and dry cleaning. As part of the financing, Kip McClanahan of Silverton will join Fetch’s board of directors.