Holland & Hart represented Signal Peak Ventures, a Salt Lake City based venture capital firm investing in early-stage technology companies across the United States, in a $50 million Series C financing round of Fetch Package (Fetch), an off-site package delivery solution for apartment communities. Announced on July 21, the round was led by Ocelot Capital with participation from Greenpoint Partners, Alpaca VC, and Rose Park Advisors as well as existing investors Signal Peak Ventures, Iron Gate Capital, Venn Ventures, Pando Ventures, and Seamless. In addition to the equity raise, Signature Bank provided a $10 million venture debt facility.
The Series C funding will enable Fetch, a last-mile package delivery company, to expand its business into 24 new major markets over the next two years, as well as continue to expand to new locations within existing markets. The funding will also go toward investing in its tech stack and operational infrastructure, with the goal to answer the accelerating e-commerce and delivery needs for apartment residents and operators nationwide
The Holland & Hart transactional team was led by corporate partner Marc Porter.
For more information, please see Fetch’s press release.
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