Key Takeaways
- • Garage, an AI-powered marketplace for America's essential equipment, announced a $41 million Series B round led by Invus Opportunities.
- • Participating investors include Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs.
- • The round brings Garage's total capital raised to $60 million.
- • Proceeds will fund hiring and expansion into new heavy-duty verticals, including public works and sanitation.
Summary
With the Series B, Garage's total capital raised reaches $60 million. The company plans to use the new capital to accelerate hiring and expand into additional heavy-duty verticals, specifically public works and sanitation, sectors that rely on specialized equipment and are served by fragmented buying processes.
The announcement was made from New York. The primary source provides no further detail on valuation, revenue, or customer metrics, so those figures are not reported here.
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