Fetch Package Inc.

Fetch Package Inc. offers innovative offsite package management solutions designed for multifamily residential communities, ensuring efficient handling of package logistics for property managers and delivering convenience to residents. Fetch Package Inc. was founded in 2016 and is headquartered in Austin, US.

The company specializes in offsite package management solutions that streamline the logistics of package handling for multifamily residential communities. The founders are Michael Patton and Selena Monsell, and the current CEO is Ebony Henson. Fetch Package has raised a total of USD 36. 65 mn across multiple funding rounds, with the latest being a Series C round in July 2021, led by Ocelot Capital Management, which raised USD 10 mn as part of a larger USD 60 mn funding initiative.

The company has completed a total of six deals to date, with its most recent deal occurring on July 21, 2021, demonstrating ongoing investment interest. Fetch Package specializes in offsite package management solutions tailored for multifamily residential communities. Their core offering involves the acceptance, safe storage, and delivery of packages from any carrier directly to residents, effectively relieving property management teams from the burden of handling package logistics. This service includes instant notifications to residents upon package arrival at Fetch's facilities, as well as the flexibility to choose convenient delivery windows, including same-day delivery.

Fetch primarily serves property managers, regional managers, property owners, investors, and developers operating within multifamily housing sectors. The company operates in 25 major markets across the United States, notably targeting urban areas where e-commerce growth is prevalent. Fetch Package generates revenue through a service model designed for multifamily communities, focusing on B2B partnerships with property management firms. The company enters into agreements with these clients to provide comprehensive package management solutions, which include the logistics of receiving, storing, and delivering packages.

The pricing structure is based on service agreements, potentially incorporating subscription fees for ongoing service or transaction-based fees linked to the volume of packages processed. By alleviating the package management burden, Fetch enhances operational efficiency for their clients, allowing property managers to focus on their primary responsibilities. The revenue model is aligned with the growing demand for seamless delivery experiences in the e-commerce sector, positioning Fetch as a key player in this expanding market. In July 2021, Fetch Package Inc.

raised USD 10 mn in venture debt financing led by Signature Bank as part of a larger USD 60 mn Series C and debt funding round. The company plans to use this funding to expand market reach and scale alongside growing e-commerce trends. Fetch Package aims to introduce new products designed to enhance package management solutions and is specifically looking to expand into additional urban markets across the United States by the end of 2023.