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With the acceleration in e-commerce volumes, it is more apparent than ever that limited-capacity parcel storage systems are no longer viable and Fetch is the only long-term parcel storage solution that meets the needs of both multifamily operators and residents.” “Based on our experience within parcel logistics and last-mile delivery, we view the Fetch model as the only sustainable option for multifamily and see it quickly becoming the gold standard for apartment operators. “Fetch is the last-mile delivery solution that the apartment industry has always needed,” said Andrew Townsend, a managing member at Ocelot Capital and owner of Austin, Texas-based parcel carrier Lone Star Overnight, in the release.
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Fetch announced that previous Coupang board member Matt Christensen will be joining its board of directors as an observer. Rose Park Advisors, known for its deep investment in South Korean e-commerce company Coupang, also participated in the round. Greenpoint Partners, Alpaca VC, Iron Gate Capital, Signal Peak Ventures, Venn Ventures, Pando Ventures and Seamless also participated in the round, as did Signature Bank, which provided a $10 million venture debt facility.
#Fetch delivery series#
What many do not consider is the staff and infrastructure needed to facilitate these deliveries at the 21.9 million apartment units across the United States, with close to 50% of those apartments being occupied by two or more consumers, according to the National Multifamily Housing Council.ĭuring the pandemic, these residential facilities saw occupants’ monthly deliveries increase from an average of six packages a month to 10, with an increase to 14 during the holiday season, leading to a need for larger package rooms and more on-site staff to accept these deliveries.Īs e-commerce continues to boom, Fetch Package has created a last-mile logistics solution to optimize multifamily housing deliveries, eliminating the need for expanded package rooms or lockers and increased staff to handle incoming traffic.Īfter creating efficiencies for more than 700 communities and on its way to deliver 8 million packages by the end of 2021, Fetch announced Wednesday that it has closed on a $50 million Series C equity round led by Ocelot Capital.
#Fetch delivery driver#
So check out the website to see the fun ad, the sales counter and the food charities.When it comes to optimizing last-mile delivery, attention is mostly focused on maximizing delivery driver hours and end consumer satisfaction. Since we want to limit the bulk-mail pizza thing, I am asking everyone I know to pass this story along to friends You know - the Kevin Bacon thing of 7 degrees of connection. I am also going to donate a dollar per order to food charities. I put a counter on the site so you can see how well the project is doing. Voilà - put it all together along with a lot of help from friends, strangers and a wonderful dog, and you get Fetch Pizza Bags. (Made in the USA.) Last, I was taking a digital video course that required me to make an advertisement. Then one of the suppliers for my sports equipment business, my real job, happened to make thermal bags as a sideline. Next, my dog really did the disappearing pizza trick I used in the first ad. Next, my sister lived out past the delivery zones in Jackson Hole Wyoming - but even her resourceful husband had difficulty trying to buy a thermal pizza bag. This was the first time pizza bags registered on my radar. First, pizza bags were a contested item in my mother-in-laws divorce. Some media hype hopefully.Īrriving at the niche took several years. Then I needed a way to tell people about it - lots of people. I wanted it to provide quality and I wanted it to be fun. For a long time I have been looking for a cool product that wasn't available at retail and something nobody had, but everybody might want. So where did this "far-fetched" idea come from you ask? Anyone who knows me, knows I love new products and market niches.