Written by Alex Bredeen
GetMyEquipment has raised £355,000 in a pre-seed round led by Fuel Ventures and other reputed investors from UK and USA.
GetMyEquipment is a marketplace for construction rental equipment that helps customers find the best deals from the best suppliers in the area. Customers can compare pricing, availability and customer ratings across all suppliers on a single platform and place an order in one click.Once the equipment is delivered to site, customers can view and manage hired equipment, track spending per project and off-hire in one click.
Equipment suppliers can expand their business by accessing a wider range of customers online. Suppliers receive enquiries for free directly to their inbox, access customer information directly on the platform, submit quotes to customers privately and receive orders straight to their inbox.
What has been built so far and what will the pre-seed investment enable them to do?
GetMyEquipment have launched a digital platform that is available for new customers and suppliers to join online for free. Dozens of customers have been onboarded, who are now ordering regularly through the platform. Thus suppliers are able to access new customers and receive orders online. Dozens of suppliers have been onboarded as well, thus providing customers with the best deals in terms of price, quality and timely delivery.
The pre-seed investment will enable further development of the online platform and digitalisation of the entire rental chain. The founders are aiming to rapidly onboard more customers and suppliers first in London and surrounding areas and then expanding across the country. As a greater proportion of customers move to ordering online, GetMyEquipment will provide an easy to use end-to-end platform for all their hiring needs.