With KC expansion set, EquipmentShare raises $28.4M
January 24, 2017 | Bobby Burch
A firm that’s planning to open a Kansas City tech office snagged millions in equity financing for its platform touted as the “Airbnb for construction equipment.”
Based in Columbia, Mo., EquipmentShare raised about $28.4 in a Series B round that will accelerate its expansion to major metros around the nation, according to a filing with the Securities and Exchange Commission.
EquipmentShare created a platform that’s disrupting the way contractors and construction crews rent equipment. Instead of turning to more expensive equipment rental companies, the firm’s peer-to-peer marketplace to rent construction equipment connects contractors to other contractors to find and rent unused equipment that otherwise would be collecting dust. In addition to the marketplace, the firm created a device — the ES Tracker — that provides real-time data on the location and use of machines that have been rented.
Founded in 2014, EquipmentShare has garnered serious traction in its three years. The company already has 95 employees, raised more than $30 million and participated in the Y Combinator accelerator program.
The marketplace is in operation in Columbia, St. Louis, Dallas, Jacksonville and Auckland, New Zealand, but plans to expand quickly in the coming year. In the next 18 months, the firm plans to expand its offerings into most major metros in the United States, including Atlanta, San Francisco, Chicago, New York City and others.
As it expands around the nation, EquipmentShare co-founder Willy Schlacks said he’s hoping to hire about 20 Kansas City software and web developers for the firm.
2017 Startups to Watch
stats here
Related Posts on Startland News
Designed by a language of love, ‘my clothing is my ministry,’ says Esmeralda Lole
Kyrie Eleison Couture creates custom pieces that incorporate the customer’s cultural influences, said Esmeralda Lole. Lole works closely with individual customers and draws colors from flags and patterns from their countries of origin, she said. “Everyone has a different love language and my love language is acts of service. So for me, to be able…
KCultivator Q&A: Bo Nelson percolates on positive energy in his Crossroads coffee shop
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by WeWork Corrigan Station, a modern twist on Kansas City office space.Holding a red, Thou Mayest-branded mug, Bo Nelson credited the success of his 18th Street coffee shop to family talent,…
Scoops and fruit loops: Quirky collaboration melds Crumble candles, Betty Rae’s Ice Cream
Brandon Love hungered for a Kansas City brand as unconventional as his own high-growth aroma confectionery, Crumble Co. He found his match at Betty Rae’s. “I started trying to pick apart [potential partners] to see who would be the best fit,” said Love, Crumble Co.’s founder and “head fruit loop in charge.” “Our way’s really…
Bridge Space opens doors to creativity, collaboration in Lee’s Summit (Photos)
Set against the historic backdrop of the former Lee’s Summit post office, the past and present intentionally collide to create Bridge Space — a 13,000-square-foot coworking space that elevates entrepreneurs in the city’s bustling downtown business district, said Ben Rao. “I’m in the hospitality business. It’s about this experience that people have. We’re not just…