Dropoff Announces 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.
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