Machinery Partner announces $11 million funding from venture capital firms

Machinery Partner has announced an $11 million Series A funding round from venture capital investment firms ASV, Pritzker Group, and Pacific Western Bank with follow-on from previous investors, including One Way Ventures, Euclid Ventures, and Techstars Ventures.

With this funding, Machinery Partner hopes to become the “Amazon of industrial equipment” and disrupt the $580 billion global heavy equipment industry by making heavy machinery vital for extracting raw minerals, such as excavators, crushers and feeders within reach for small mining businesses.

To advance infrastructure and develop local communities nationwide, builders, subcontractors and small businesses need critical industrial equipment that is often priced out of reach and lacks support. Machinery Partner is the new go-to destination for heavy equipment manufacturers to sell directly to mining companies, with an online platform providing financing, maintenance support and service.

Read the full announcement and more about the partners here

Photo courtesy of Machinery Partner.