$1 million funding for Heavy Equipment Exchange
The Heavy Equipment Exchange, the world’s first online, dealer-only wholesale marketplace for the global trade of heavy construction, earthmoving and related equipment, has closed a $1 million seed funding round led by BRCG.
John Fleming, CEO of The Heavy Equipment Exchange said: “It’s great to have marketplace validation from such a strategic investor and we are pleased that not only did this investment from BRCG provide added exposure in the US but also the benefit of an international position in the global heavy equipment industry.”
Recently launched, The Heavy Equipment Exchange (THE Exchange) accelerates transactions by bringing together vetted original equipment and independent dealers in the construction, road building and related heavy equipment industries on a smart, patent pending, secure, cloud-based SaaS platform.
THE Exchange will use its seed investment to enhance its technology, grow its team, and expand its membership base.
Follow @ConstructionGL
Featured Articles
BCG report details how industries including construction need to collaborate on AI-driven energy solutions, citing data centre design as an example
Volvo Construction Equipment’s new Braås site is the first to earn the Climate Efficient Site certification, spearheading sustainability in construction
French multinational construction firm Bouygues Construction expands US presence as subsidiary Aimco lands luxurious Miami waterfront development project