Machinery Partner, a Boston, MA-based company offering novel procurement, financing, and support for builders and contractors needing heavy machinery, raised $8M in Series A financing.
The round was led by Armory Square Ventures and joined by Pritzker Group, with participation from RiverPark Ventures and Contour Venture Partners. Pacific Western Bank provided an additional $3M in venture debt and the company raised follow-on from previous investors Euclid Ventures, One Way Venturesand Techstars Ventures. Somak Chattopadhyay, of Armory Square Ventures, joined the board.
The company intends to use the funds to further expand across the country.
Led by CEO Clement Cazalot, Machinery Partner is a B2B marketplace enabling manufacturers and dealers to sell online and deliver savings on the critical equipment builders need to complete jobs, grow their businesses, and compete in the market. Offering procurement, financing, and support for a wide range of industrial equipment and heavy machinery, Machinery Partner is already selling in 35 U.S. states, with plans to expand operations throughout the country and internationally to support local construction and infrastructure development.
Machinery Partner, a Boston, MA-based company offering novel procurement, financing, and support for builders and contractors needing heavy machinery, raised $8M in Series A financing. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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