Equipment Share
Industrial
Founded: 2014
Last Round Valuation: $3.61B
EquipmentShare is a construction technology solutions company that offers equipment rental solutions and fleet management technology, empowering contractors to increase productivity and make informed decisions about their equipment and fleet. Serving contractors and original equipment manufacturers, the platform provides essential services like insurance verification, background checks, and payment processing, all while offering an easy interface for lending and renting contracting equipment. With automated data collection and powerful insights, EquipmentShare helps contractors optimize their operations, reduce downtime, and achieve project success, all without straining their bottom line.
Equipment Share Overview:
EquipmentShare is a prominent construction technology solutions company that has revolutionized the way contractors access equipment and manage their fleets. Founded in 2014 by brothers Willy and Jabbok Schlacks, EquipmentShare emerged with a vision to bridge the gap between the traditional construction industry and cutting-edge technology. Headquartered in Columbia, Missouri, the company has rapidly expanded its reach and impact, becoming a leading player in the construction technology space.
At the core of EquipmentShare's offerings is its innovative equipment rental solution. The company operates a peer-to-peer marketplace, allowing contractors to rent and share construction equipment with each other. This approach fosters greater efficiency, enabling contractors to access the specific machinery they need for their projects without having to invest in costly equipment purchases. As a result, contractors can optimize their resources and reduce capital expenditure, leading to improved project economics.
In addition to equipment rental, EquipmentShare provides a comprehensive fleet management platform that empowers contractors to better track and manage their equipment. The platform leverages cutting-edge telematics technology, allowing contractors to remotely monitor their fleet's performance, location, and maintenance needs in real-time. By gaining valuable insights into equipment utilization and maintenance schedules, contractors can make data-driven decisions that lead to higher productivity and reduced downtime.
EquipmentShare's commitment to customer success is evident through its various service offerings. The company offers insurance verification, background checks, and payment processing to streamline the rental process and ensure security and transparency for all parties involved. Furthermore, the platform's user-friendly interface simplifies the lending and renting of contracting equipment, facilitating seamless transactions and fostering a collaborative community of contractors.
As a technology-driven company, EquipmentShare continues to innovate and expand its product offerings. The company has ventured into advanced technologies like artificial intelligence (AI) and machine learning to further enhance fleet management capabilities and provide predictive insights to contractors. Moreover, EquipmentShare's focus on data-driven decision-making and automation positions it as a key player in the evolving landscape of the construction industry.
Over the years, EquipmentShare's success and impact have not gone unnoticed. The company has garnered significant attention from investors, raising substantial funding to support its growth and innovation. Its expansion has seen the establishment of multiple EquipmentShare locations across the United States, solidifying its presence as a trusted partner for contractors nationwide.
With a mission to empower contractors with the tools and insights they need to thrive, EquipmentShare continues to play a pivotal role in transforming the construction industry. By combining technology, collaboration, and a customer-centric approach, the company is well-positioned to drive positive change in an industry that is embracing innovation like never before.
Founders:
Brad Siegler
Jabbok Schlacks
Jeffrey Lowe
Matthew McDonald
William Schlacks
Top Investors:
Anchorage Capital Group
BDT Capital Partners
Brown Advisors
Gaingels
Insight Venture Partners (now known as Insight Partners)
Momenta Partners
RedBird Capital Partners
Republic Labs
Romulus Capital
Sound Ventures
The Spruce House Partnership
Tiger Global Management
Tru Arrow Partners
UniWill
Y Combinator
Funding History:
Date | Share Type | Amount Raised | Raised to Date | Issue Price | Post Money Valuation | Key Investors |
---|---|---|---|---|---|---|
Jun 2023 | Perpetual-1 | $177.13MM | $829.81MM | $26.26 | $3.61B | Undisclosed Investors |
Apr 2023 | Series E | $84.94MM | $447.62MM | $15.48 | $3.61B | BDT Capital Partners, RedBird Capital Partners, Tru Arrow Partners |
Apr 2023 | Perpetual | $205.06MM | $567.75MM | $26.26 | $3.61B | BDT Capital Partners, RedBird Capital Partners, Tru Arrow Partners |
Jul 2021 | Series D | $226.08MM | $362.68MM | $11.21 | $2.58B | Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners |
Dec 2020 | Series C-2 | $64.94MM | $130.7MM | $6.87 | $1.35B | Republic Labs, UniWill, Anchorage Capital Group |
Dec 2020 | Series C-3 | $4.9MM | $70.65MM | $7.04 | $2.58B | Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners |
Dec 2020 | Series C-1 | $999.9K | $66.75MM | $8.80 | $2.58B | Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners |
Sep 2018 | Series B-2 | $10.01MM | $39.37MM | $1.74 | $440.08MM | Momenta Partners, Gaingels |
Sep 2018 | Series B-1 | $26.38MM | $55.74MM | $2.23 | $440.08MM | Momenta Partners, Gaingels |
Jan 2017 | Series A-2 | $52.00 | $52.00 | $0.00 | $108.81MM | Insight Venture Partners, Romulus Capital, Y Combinator |
Jan 2017 | Series A-1 | $29.36MM | $29.36MM | $0.60 | $108.81MM | Insight Venture Partners, Romulus Capital, Y Combinator |