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Venture Capital News: Machinery Partner Pulls In $8M Series A Round

2023-12-09
BOSTON, MA, Machinery Partner, a company offering novel procurement, financing, and support for builders and contractors needing heavy machinery, has raised $8 million in a Series A financing round.
The round was led by Armory Square Ventures and joined by Pritzker Group, two venture funds with expertise in the industrial tech world. RiverPark Ventures and Contour Venture Partners also participated in the round alongside numerous B2B marketplace founders. Pacific Western Bank provided an additional $3M in venture debt and the company raised follow-on from previous investors Euclid Ventures, One Way Ventures and Techstars Ventures. On a mission to enable the builders of the U.S. to improve local communities, this funding will equip Machinery Partner to further expand across the country and become the go-to destination for heavy equipment manufacturers to sell to construction, agriculture and recycling companies.

Machinery Partner is on a mission to democratize access to high quality heavy equipment and machinery for small and medium sized businesses. Its unique, integrated model offers procurement, financing and service that are more affordable, more efficient and more accessible for customers, enabling them to start or scale their businesses and punch above their weight in a competitive landscape.
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