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Venture Capital News: Machinery Partner Secures $4.5M Seed Round

2021-08-12
BOSTON, MA, Machinery Partner today announced the close of a $4.5 million Series Seed round.
Machinery Partner, a company offering novel procurement, financing and support for small businesses needing heavy machinery, today announced the close of a $4.5 million Series Seed round. The oversubscribed 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. Funding will be used to accelerate sales as well as technology development for the already-profitable company.

The round also included prominent angel investors including early Uber employees, dozens of founders of Venture backed companies, and Nicole Glaros, the Chief Investment Strategy Officer of Techstars. Notably, One Way and Euclid wrote the largest checks in the history of their respective funds.

Founded in Ireland and headquartered in Boston, 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. More information is available at www.machinerypartner.com.
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