Austin-based Fetch Package secures $60M in equity & debt after tripling ARR in 2020

Michael Patton founded Fetch in May 2016 after being frustrated by having packages lost at the apartment community in which he was living.

“I took the time to research how communities were handling packages. What I found was that some communities are receiving up to 300 to 400 packages a week and trying to manage that volume manually, adding a significant time burden on the team,” he told TechCrunch. “I knew there had to be a better way and that solution needed to be one that could easily handle the future of package delivery as e-commerce was gaining significant traction.”

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Finding a revenue-generating use for reclaimed space within a multifamily community isn’t difficult, and fortunately neither is freeing up that space by eliminating package rooms and locker systems, and replacing them with a package management solution that requires no onsite footprint at all.
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