Originally posted on https://inside.com/vc/posts/equipmentshare-secures-290m-to-boost-u-s-expansion-364850
Columbia, Missouri-based EquipmentShare secured $290M in fresh funding led by BDT Capital Partners. The firm did not disclose the valuation at the current round. However, it did reveal that the valuation was 40% higher than the previous fundraiser from 2021. EquipmentShare intends to use the proceeds to continue expansion in the U.S., further develop its T3 technology platform, and strengthen its balance sheet.
EquipmentShare provides rental equipment and digital solutions for the construction industry.
RedBird Capital Partners, Tru Arrow Partners, Brown Advisors, and Sound Ventures participated in the latest funding round.
Before the current round, EquipmentShare had raised $1.6B in equity and debt funding from investors.
It last raised a $230M Series D funding led by Tiger Global Management, RedBird Capital Partners, and The Spruce House Partnership in July 2021, followed by a $1.2B debt facility from Capital One Ventures in September 2021.