Machinery Partner, a Boston, MA-based company offering novel procurement, financing and support for small businesses needing heavy machinery, raised $4.5m in seed funding.
The round was led by One Way Ventures (from Boston and focused on backing immigrant founders) and Euclid Ventures (from the West Coast and focused on B2B marketplaces), with participation from PJC and Techstars Ventures, as well as angel investors including early Uber employees, dozens of founders of Venture backed companies, and Nicole Glaros, the Chief Investment Strategy Officer of Techstars.
The company intends to use the funds to accelerate sales as well as technology development.
Founded in Ireland by Ciaran Gillen, CEO, and later relocated to Boston, Machinery Partner aims to democratize access to high quality heavy equipment and machinery for small and medium sized businesses via an integrated model offers procurement, financing and service that enable customers to start or scale their businesses.
FinSMEs
16/08/2021