Dropoff, an Austin, Texas-based technology-backed same-day delivery solution for business, raised $8.5m in Series B funding.
The round was led by Fulcrum Equity Partners with participation from Greycroft Partners and Correlation Ventures.
The company intends to use the funds to grow local market teams, increase staffing at its headquarters and expand to 50 markets.
Led by Sean Spector, CEO, Dropoff provides a same-day delivery solution for business by leveraging professional delivery agents and technology featuring real-time tracking and confirmations, pricing, flexible delivery options, and APIs. The company recently expanded to three new markets — San Diego, Fort Worth, and Nashville — bringing the number of cities it serves to 15.
Dropoff currently works with brands across many industries including Sprinkles, Whole Foods, Neiman Marcus, Zazzle, Airbnb, JW Marriott, and McKesson.