This past September, BuiltWorlds announced the 2023 Tools & Equipment 50 Toplist, highlighting top and emerging solutions that are being utilized by contractors, engineers, and specialty contractors across the globe. This year’s list was made up of solutions within four distinct categories: equipment & machinery marketplace, fleet management & monitoring, tools management solutions, and smart equipment. This piece will put a spotlight on three winning companies on this year's Toplist that have had noteworthy raises this past year.
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In September of 2023, EquipmentShare announced the fruitful extension of its Series E equity fundraising, spearheaded by funds affiliated with BDT and MSD Partners. This extension enabled them to gain an additional $150M from both existing and new investors, culminating in a total raise of $440M in Series E fundings throughout 2022 and 2023.
This year, Infogrid has secured a $90M Series B round, with Northzone taking the lead. This marks a notable achievement, as Infogrid raises its company's growth by five times compared to last year; highlighting the growing interest in AI solutions within the AEC space.
Quipli raises the bar within its first three years of business, receiving $3.5M in funding from Boundless Venture Co. The capital earned from this funding round will be used to expand the company's software and tech offerings for its users.
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