Dropoff Gets $7 Million in Funding

gI_69112_dropoff_logoDropoff announced Monday that it has closed on $7 million in Series A funding.

The Austin-based startup, founded in November of 2014, provides on-demand, same-day delivery of all kinds of products for businesses in Austin and Houston.

Greycroft Partners led the investment with participation from new and existing investors including Correlation Ventures, Texas Atlantic Capital and Wild Basin Investments.

Dropoff plans to use the funds to expand its service into additional cities.

“This funding demonstrates how customers value and recognize what we are building – a transformative smae-day logistics solution for businesses. We are focused on providing our customers with convenience, reliability and consistent service across multiple locations,” Sean Spector, CEO and co-founder of Dropoff, said in a news release.

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