Dropoff Inc., the on-demand courier service for businesses, is expanding to Los Angeles, a year after loading up its coffers with capital to support the move.
The Austin-based company is making its first move outside Texas and now plans more expansions during the second half of the year, according to a Dropoff statement.
Dropoff, which was founded in 2013, developed an online service for businesses to manage same-day deliveries. It employs 42 workers in Austin, and also operates in Dallas and San Antonio.
In mid-2015, Dropoff reported raising a $7 million series A round of funding involving 41 investors, according to a regulatory filing. Investors included Greycroft Partners LLC — which operates offices in New York and Los Angeles — California-based Correlation Ventures, Houston-based Texas Atlantic Capital and Austin-based Wild Basin Investments LLC, according to a statement.