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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While the current package climate has the potential to damage relationships between on-site staff and residents, customer-centric multifamily companies have the opportunity to demonstrate their dedication to their clients through a progressive approach to package management.