Startup News: EquipmentShare raises $290M for U.S. expansion
EquipmentShare raises $290 million for U.S. expansion
Even a traditional business like construction equipment has startup companies providing technological innovation.
equipmentshare.comIndustrial / ConstructionFounded: 2014Funding to Date: $829.81MM
EquipmentShare is a construction technology solutions company offering equipment rental solutions and fleet management technology to help contractors increase productivity and gain powerful insights without hurting their bottom line. The company serves contractors and original equipment manufacturers. The company's platform offers services that include insurance verification, background checks, payment processing, and an easy interface for lending and renting contracting equipment, enabling construction contractors to make informed decisions about their equipment and fleet through automated data collection.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/01/2023 | Perpetual-1 | $177.13MM | $xx.xx | $3.61B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,745,258
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
0.0x
Dividend Rate
9.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/19/2023 | Series E | $84.94MM | $xx.xx | $3.61B | BDT Capital Partners, RedBird Capital Partners, Tru Arrow Partners, Sound Ventures, Brown Advisors | |
Price per Share
$xx.xx
Shares Outstanding
5,487,929
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BDT Capital Partners, RedBird Capital Partners, Tru Arrow Partners, Sound Ventures, Brown Advisors
|
||||||
04/19/2023 | Perpetual | $205.06MM | $xx.xx | $3.61B | BDT Capital Partners, RedBird Capital Partners, Tru Arrow Partners, Sound Ventures, Brown Advisors | |
Price per Share
$xx.xx
Shares Outstanding
7,809,003
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
0.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BDT Capital Partners, RedBird Capital Partners, Tru Arrow Partners, Sound Ventures, Brown Advisors
|
||||||
07/15/2021 | Series D | $226.08MM | $xx.xx | $2.58B | Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, Anchorage Capital Group | |
Price per Share
$xx.xx
Shares Outstanding
20,176,120
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, Anchorage Capital Group
|
||||||
12/31/2020 | Series C-3 | $4.9MM | $xx.xx | $2.58B | Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, Anchorage Capital Group | |
Price per Share
$xx.xx
Shares Outstanding
695,760
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, Anchorage Capital Group
|
||||||
12/31/2020 | Series C-2 | $64.94MM | $xx.xx | $1.35B | Republic Labs, UniWill, Anchorage Capital Group | |
Price per Share
$xx.xx
Shares Outstanding
9,456,200
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Republic Labs, UniWill, Anchorage Capital Group
|
||||||
12/31/2020 | Series C-1 | $999,896 | $xx.xx | $2.58B | Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, Anchorage Capital Group | |
Price per Share
$xx.xx
Shares Outstanding
113,584
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, Anchorage Capital Group
|
||||||
09/21/2018 | Series B-2 | $10.01MM | $xx.xx | $440.08MM | Momenta Partners, Gaingels | |
Price per Share
$xx.xx
Shares Outstanding
5,768,000
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Momenta Partners, Gaingels
|
||||||
09/21/2018 | Series B-1 | $26.38MM | $xx.xx | $440.08MM | Momenta Partners, Gaingels | |
Price per Share
$xx.xx
Shares Outstanding
11,853,768
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Momenta Partners, Gaingels
|
||||||
01/24/2017 | Series A-2 | $52 | $xx.xx | $108.81MM | Insight Venture Partners, Romulus Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
41,953,016
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Venture Partners, Romulus Capital, Y Combinator
|
||||||
01/24/2017 | Series A-1 | $29.36MM | $xx.xx | $108.81MM | Insight Venture Partners, Romulus Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
49,182,456
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Venture Partners, Romulus Capital, Y Combinator
|
Even a traditional business like construction equipment has startup companies providing technological innovation.