Dropoff launches delivery service for businesses

Nov 13, 2014
Austin Business Journal

Dropoff Inc. launched Wednesday a same-day delivery service for businesses

The Austin-based company designed its service to enable businesses to manage same-day deliveries using online technology tools. CEO Sean Spector said it's expected to be most popular with service companies such as law firms and health care companies needing laboratory service

But it could also be used by hotels and retailers such as florists and jewelers

Dropoff, which was founded in July, has already beta tested its business model with 30 Austin businesses. The company employs 30 workers, he said

In May, Dropoff completed a $1.8 million seed round of funding. Investors included Austin Ventures LP, Silverton Partners, Los Angeles-based Mucker Capital and angel investors in Austin, Los Angeles and Silicon Valley, company officials said

The starup reported raising $1.5 million of a planned $1.6 million financing from 31 investors, according to a May filing with the U.S. Securities and Exchange Commission

Dropoff is the latest in a series of tech-enabled delivery services to launch in Austin. Among the others are grocery service Burpy Inc., restaurant take-out service NeighborFavor Inc., grocery service Instacart LLC and beer and liquor delivery service Drizly Inc

Spector was previously the co-founder of GameFly Inc., a California-based online video game rental subscription service. Before that, he was an agent for Los Angeles-based Creative Artists Agency, according to his online profile

Print Article opens in new window