EquipmentShare Raises $290 Million in Funding

EquipmentShare is a construction equipment and technology firm. One of EquipmentShare’s most groundbreaking innovations is its smart job site technology, which allows construction professionals to track equipment usage, monitor job site productivity, and manage their fleets from a single platform. This technology has revolutionized the way construction companies operate, making it easier than ever to stay on top of project timelines, manage costs, and improve overall efficiency. The firm also provides a wide range of rental equipment, including everything from heavy machinery like excavators and bulldozers to smaller, specialized tools like concrete saws and power drills. 

The company has announced a $290 million funding round led by BDT Capital Partners. Brown Advisors, RedBird Capital Partners, Sound Ventures, Tru Arrow Partners, and several new investors also took part in the new funding round. The proceeds are intended to be used for expansion and investments into its T3 platform. In total, the company has raised $1.9 billion till that moment.

EquipmentShare, Columbia, United States, was founded in 2014 by Brad Siegle, Jabbok Schlacks, Jeff Lowe, Matthew McDonald, and Willy Schlacks. “Our growth continues to be fueled by new customers who are ready for a technology-driven construction solution,” said Jabbok Schlacks, CEO and Co-Founder of EquipmentShare. “This latest round of funding brings in growth capital from both new and existing investors. We were pleased to have completed this raise in a challenging macro-economic environment at a valuation that was 40% higher than the previous raise in 2021.”

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