EquipmentShare, an equipment and digital solutions provider serving the construction industry, has completed a $230 million funding round led by Tiger Global Management, The Spruce House Partnership and RedBird Capital Partners, with additional participation from Tru Arrow Partners and existing investors Romulus, Insight Partners and Anchorage Capital Group.
These fundraising efforts provide capital for EquipmentShare to launch its core technology solution, T3, the operating system for construction, and expand its suite of technology solutions. This investment round also allows the company to increase its national footprint to better serve the needs of its customers.
“We are grateful to our new and existing investors for joining us on this journey to build connectivity for the construction industry,” says EquipmentShare President and Co-founder Willy Schlacks. “We are eager to leverage this milestone round to launch several initiatives, with the continued goal of empowering contractors and accelerating productivity in construction.”
Read more/Source: Private Equity Wire
