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Equipmentshare Completes $290 Million Funding Round Led By Bdt Capital Partners

Apr 19, 2023over 2 years ago

Amount Raised

$290 Million

ColumbiaConstructionSoftware

Investors

Brown AdvisorsSound VenturesTru Arrow PartnersRed Bird Capital PartnersBdt Capital Partners

Description

EquipmentShare, an equipment and digital solutions provider serving the construction industry, announces the completion of a $290 million funding round led by funds affiliated with BDT Capital Partners. This round also included participation from existing investors such as RedBird Capital Partners, Tru Arrow Partners, and Sound Ventures, as well as several new investors including Brown Advisors.

Company Information

Company

EquipmentShare

Location

5710 BULL RUN DRIVE

Columbia, Missouri, United States

About

Headquartered in Columbia, Mo., EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail and service centers. EquipmentShare's cloud-connected platform, T3, is powered by telematics and machine hardware to give construction and industrial companies a real-time view into their jobsite and operations. EquipmentShare's enterprise suite of apps is OEM-agnostic and can track and manage any piece of equipment, regardless of brand, to help fleet managers monitor assets, prevent theft and machine misuse, track employee hours and shifts, increase machine utilization, streamline maintenance and prevent unplanned downtime. Our business was founded in 2014 and we employ more than 4,100 team members of diverse perspectives that push the boundaries of possibilities to create unparalleled customer value, support their communities and empower construction professionals to work more efficiently. EquipmentShare's growing presence of locations, which includes equipment and service yards, research and development sites, dealerships for major brands, administrative offices and specialty solutions locations, serve the rising demand for the company's equipment and digital solutions. To learn more, visit equipmentshare.com.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech