Blog

Dropoff Announces Series B Funding

Posted by Sean Spector on May 8, 2017 12:26:04 PM

Dropoff Series B Funding

Today we’re excited to announce that we’ve raised $8.5 million in Series B funding, led by Fulcrum Equity Partners in Atlanta. Other participants in the round include our Series A investors Greycroft Partners and Correlation Ventures, among others.

We are delighted to announce this milestone, which puts us on track to scale our innovative, same-day delivery solution at an exciting pace. We post often about the fact that expectations have evolved, prompting more businesses to turn to same-day delivery to solve last mile challenges and satisfy their customers. This change is really helping to fuel our growth.

As part of our continued growth efforts (check out details of our recent launches in San Diego, Fort Worth and Nashville), the funds will be used to open additional new markets, grow local market teams and increase staffing at our Austin-based headquarters. We will be announcing additional markets in the near future.

Thanks, as always, for your continued support.

Check out what the The Wall Street Journal, the The Austin American-Statesman and others had to say about our news.

Topics: Dropoff Announcements, Dropoff In The News

Leave us a comment:

Subscribe to Blog Updates

Recent Posts