ALEXANDRIA, VA (PRWEB) March 15, 2011
Washington DC area startup EquipRent.com, a lead-generation company focused on the equipment rental market, has raised $1 million in seed funding from Phoenix-based venture firm Canal Partners and angel investor Howard Lindzon.
EquipRent.com is the brainchild of Scott Anderson who has been an executive in the construction industry in the Washington, DC area for 20 years.
Anderson says, “During my many years as a senior executive with some of the largest site development companies in DC, I felt the pain of how much time and money was being spent on getting competitive quotes for equipment rental on jobs. The tools to effectively manage our rental inventory and quotes were simply not available”
Equiprent delivers highly qualified leads to top equipment rental companies in the country while also providing tools for contractors to effectively manage their rental inventory. The service enables contractors to receive multiple quotes in the most efficient way possible using the benefits of the Internet.
Customers simply select the equipment they need to rent and enter their contact information into the EquipRent quote engine. The quote engine matches the closest rental companies to get the most competitive prices in the market. The company is working on additional features, which it plans to release this summer, that allow companies to track all of the equipment they have on rent and on what jobs it is located on. Later this year, EquipRent plans to launch a mobile application that will offer all of the tools that construction firms need to manage their rental inventory and quotes using their smart phone. Since launching Equiprent has processed over 1,000 quotes for the Construction industry.
Three-year-old Canal Partners currently has investments in 4 other Internet companies, Limos.com, NETtime Solutions, Web PT, and Omnilink Systems. Canal Partners seeks to realize superior returns by investing and partnering with proven management teams to create and increase value for highly scalable, growth-oriented companies - with a focus on software and Internet technologies.
EquipRent.com is a brand/product of EquipCo LLC, headquartered in Alexandria, Virginia. The company’s mission is to connect commercial construction companies with construction equipment rental companies in order to deliver highly qualified opportunities to rental companies and enable contractors to receive multiple quotes in the most efficient and cost effective way possible. For more information about EquipRent’s service and to view a demonstration video, please visit http://www.equiprent.com.
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