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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By taking an outside-the-box approach to resident packages, property managers can position themselves as industry leaders and put an end to the package problems that their previous solutions created.
Fetch's CEO, Michael Patton, addresses that by removing package responsibilities from their teams, property managers can turn package services into a plus from a resident standpoint, rather than a liability.