Dropoff picks up $7m in Series A funding
On-demand, same-day delivery firm Dropoff Inc. has closed $7m in Series A funding. In a statement issued yesterday (22 June), Dropoff said that the funding will help drive its “rollout into multiple new markets beyond its current locations in Austin and Houston”.
The investment was led by Greycroft Partners, with participation from new and existing investors, including Correlation Ventures, Texas Atlantic Capital, and Wild Basin Investments.
“We’ve had success in our first markets, Austin and Houston, and look forward to bringing the Dropoff experience to more cities,” said Sean Spector, CEO and co-founder of Dropoff.
Dropoff launched in November 2014.
