EquipmentShare, a Columbia, MO-based provider of equipment and digital solutions for the construction industry, raised an additional $150 million in an extension of its Series E funding round.
SaaS Investors
The extension was led by funds affiliated with BDT & MSD Partners, bringing the total raised in the Series E round to $440 million.
BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. The firm is distinguished by its decades of experience advising at the intersection of founders, families, and businesses, as well as by its differentiated capital base and culture of aligned investing. Its funds are managed by its affiliated investment advisers, BDT Capital Partners and MSD Partners.
EquipmentShare Use of Funds
The new capital will help the company expand its rental footprint across the US and further develop its T3 technology platform.
About EquipmentShare
Founded in 2015 and headquartered in Columbia, Mo., EquipmentShare is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms, and data-driven insights. By empowering contractors, builders, and equipment owners with its proprietary technology, T3, EquipmentShare aims to drive productivity, efficiency, and collaboration across the construction sector. With a comprehensive suite of solutions that includes a fleet management platform, telematics devices, and a best-in-class equipment rental marketplace, EquipmentShare continues to lead the industry in building the future of construction.
Funding Details
Company: EquipmentShare.com INC.
Raised: $150.0M
Round: Series E Extension
Funding Month: September 2023
Lead Investors: BDT & MSD Partners
Additional Investors:
Company Website: https://www.equipmentshare.com/
Software Category: Equipment and Digital Solutions
Source: https://www.prnewswire.com/news-releases/equipmentshare-completes-150m-series-e-extension-equity-raise-301926995.html