EquipmentShare

  • Founders: Willy Schlacks & Jabbok Schlacks
  • Headquarters: Columbia, MO
  • Year Founded: 2014
  • Year Romulus Invested: 2015

EquipmentShare is a contractor-to-contractor lending platform for construction equipment. Owners place their equipment on EquipmentShare’s online marketplace, generating income from assets that would otherwise sit idle. Equipment renters are guaranteed the lowest rental price, an easy-to-use booking experience, and seamless execution and delivery of equipment. Since graduating from YCombinator, EquipmentShare has launched in three cities with plans to expand across the country in 2017.

In addition to its marketplace platform, EquipmentShare also offers a mixed-fleet telematics platform that gives contractors access to unprecedented oversight tools and analytics data to track, monitor, maintain, and manage their fleets.

The Romulus-EquipmentShare story: We’d been working on “collaborative-consumption for enterprise” as a theme across several portfolio companies, so it was a natural fit when EquipmentShare found us while enrolled at Y Combinator. “About 10 minutes into our first meeting, I knew the founders were special,” says Neil. “They had been entrepreneurs all their lives, starting at the school of hard knocks. Moreover, they were solving a painpoint they had personally faced as construction contractors.” As we learned more, we became intrigued by how large the industry’s asset utilization problem is and thus how dire the need for a data-driven platform for construction equipment. While the company had many competitive offers for their oversubscribed seed round at the end of YC, they wanted to work with investors who had been in their shoes and who would hustle with them. They chose to have Romulus lead the round, and Neil joined the board.

Romulus value in action: Executing. EquipmentShare’s founders are self-made construction entrepreneurs from Missouri; as such, they have always been laser-focused on achieving near-term goals in the most efficient manner possible. This execution mindset has enabled hyper-growth while maintaining highly efficient operations.

EquipmentShare, the Airbnb of construction, raises $26 million

It hasn’t even been a year since EquipmentShare raised a Series A round of funding, but the “Airbnb of construction rentals,” has closed a $26 million Series B round. The Columbia, Missouri-based startup helps contractors rent out their under-utilized equipment, or rent safety tested equipment that they need from a fellow contractor…

Announcing EquipmentShare’s $26M Series B

Yesterday, we announced EquipmentShare’s $26M Series B, which we co-led with Insight Venture Partners. We are thrilled to see explosive growth from EquipmentShare, whose seed round we led just 18 months ago as it emerged from Y Combinator. In under two years, EquipmentShare has grown in size and maturity, developing into a company that is effecting true change for an entire industry…