As e-commerce has exploded during the pandemic, apartment complexes have been overwhelmed by packages. Austin-based Fetch, which provides a delivery solution for apartment managers and residents, said Tuesday that it has raised $18 million to expand its service. Iron Gate Capital and Pando Ventures led the Series B funding round and were joined by existing investors Signal Peak Ventures, Silverton Partners, Seamless and Venn Ventures. Fetch has raised a total of $32 million.
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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.