No Result
View All Result
  • Login
Friday, October 31, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Startups

Garage Raises $13.5M to Build Modern Marketplace for Municipal Equipment – AlleyWatch

by FeeOnlyNews.com
2 months ago
in Startups
Reading Time: 5 mins read
A A
0
Garage Raises .5M to Build Modern Marketplace for Municipal Equipment – AlleyWatch
Share on FacebookShare on TwitterShare on LInkedIn


Local governments across America struggle with managing expensive, specialized equipment purchases and sales through outdated methods like local auctions and Facebook groups, often limiting their reach to nearby buyers and sellers. Fire departments and municipalities face tight budgets while equipment costs continue to rise, creating challenges in both acquiring necessary apparatus and recovering funds from surplus assets. Garage addresses these pain points by creating a modern, nationwide marketplace for America’s most essential equipment, connecting buyers and sellers across all 50 states while handling every aspect of the transaction process. The platform serves as a comprehensive solution for fire trucks, ambulances, rescue equipment, and government surplus, offering services from AI-powered appraisals and virtual inspections to integrated freight, warranties, and financing options. Founded by a former firefighter, Garage builds on firsthand experience witnessing the inefficiencies in equipment procurement.

AlleyWatch sat down with Garage CEO and Cofounder Martin Hunt to learn more about the business, its future plans, recent funding round, and much, much more…

Who were your investors and how much did you raise?

$13.5M Series A – led by Infinity Ventures with participation from Y Combinator, Initialized Capital, Benchstrength, Wayfinder Ventures, and FJ Labs. This follows our $4.5M Seed last year, led by Initialized Capital.

Tell us about the product or service that Garage offers.

Garage is the marketplace for America’s most essential equipment – helping local governments and businesses buy & sell equipment that is expensive and hard-to-move.

What inspired the start of Garage?

When I was a firefighter, I witnessed firsthand how painful it was to manage buying and selling equipment and vehicles for his community. I grew up in a small town outside of Wilmington, Delaware, that, like many towns in America, has tight budgets for equipment.

In 2023, I received a call from a friend in the fire service who asked me if I could help find a better way to manage the process. When I couldn’t find anything, it became clear that there was a need for a streamlined, nationwide marketplace for expensive, hard-to-move equipment like fire trucks. For the marketplace to be successful, we knew we would need to automate previously manual parts of the process– including appraisal, freight and payments.

A few months later, Alaz Sengul (cofounder) and I left our jobs with no product or funding to build the solution.

How is Garage different?

Garage serves as a modern alternative to buying and selling via local auctions, Facebook groups, newspaper classifieds, and other outdated methods of trading equipment.

By handling every step of the sale process– from discovery to delivery– Garage connects buyers and sellers anywhere in the country, and creates a more secure, streamlined experience for buying and selling expensive, difficult-to-move assets.

While online auction platforms like GovDeals have existed for years, Garage’s end-to-end platform handles freight, warranties, payment processing, and financing all in one place, while offering innovative tools like AI-powered appraisals and virtual inspections, which help eliminate the guesswork of buying and selling expensive assets online.

What market does Garage target and how big is it?

Garage is building the modern marketplace for the $1T municipal and heavy business equipment market.

What’s your business model?

B2B Marketplace.

How are you preparing for a potential economic slowdown?

Garage primarily serves local governments and public safety organizations, whose budgets are allocated annually and less sensitive to macroeconomic fluctuations. Our focus is on public safety vehicles—a category that remains a top funding priority even in downturns, making it one of the last areas subject to cuts.

What was the funding process like?

It was exciting to speak with potential investors and share our passion for Garage’s mission and vision. Connecting with investors who share our excitement about modernizing the future of public safety was invigorating, and ultimately helped us find the right partners who not only provide capital but also bring strategic guidance and conviction to support our long-term growth

What are the biggest challenges that you faced while raising capital?

The biggest challenge was choosing the right partner—this was the first time we were bringing an external member onto our board, so the decision carried real weight. We were fortunate to receive strong inbound interest from many incredible venture firms, each offering unique strengths. Ultimately, we had to trust our instincts and prioritize long-term alignment—finding a partner who could not only provide capital but also stand beside us in building Garage to the next level.

What factors about your business led your investors to write the check?

Our investors were most excited about three things: the strength of our team, the scale of the problem we’re solving in a proven market with strong demand, and the early traction we’ve demonstrated with clear product-market fit and strong revenue growth.

What are the milestones you plan to achieve in the next six months?

We plan to use the capital to grow our team, expand the marketplace’s capabilities, and continue our mission of serving every town and city in America.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

New York has always been defined by resilience. Not every company has a big injection of capital right now, and that’s okay—sometimes constraints actually force the best discipline. My advice is to use this moment to get closer to your customers, sharpen your business model, and be incredibly deliberate with every dollar.

Where do you see the company going now over the near term?

Our near-term priority is expanding the team. We’re actively looking for top talent in the NYC area to join Garage and help us build a better buying and selling experience for America’s most essential civil servants. Check out our career page if you’re interested in joining! 

What’s your favorite summer destination in and around the city?

Central Park! You get all the views of the city but great fresh air and a fun space to throw around a ball, go for a run, or enjoy a nice walk!

NYC Tech Daily Email

You are seconds away from signing up for the hottest list in NYC Tech!

Sign up today



Source link

Tags: 13.5MAlleyWatchBuildEquipmentGarageMarketplaceModernMunicipalRaises
ShareTweetShare
Previous Post

9 Pitfalls of Using AI As Your Personal Finance Advisor

Next Post

AI Tool of the Week: Italy’s Seeweb unveils Regolo.ai to make AI deployment open, simple, and sustainable

Related Posts

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

by FeeOnlyNews.com
October 31, 2025
0

Cambridge-based PACT raised investment in a Series A round to scale its sustainable biomaterial platform. Know more about it below.ContentlockrCambridge-based...

Clerq Raises M to Capture Share of T High-Ticket Payment Market – AlleyWatch

Clerq Raises $12M to Capture Share of $3T High-Ticket Payment Market – AlleyWatch

by FeeOnlyNews.com
October 30, 2025
0

The shift from physical to digital payments has created a massive divide in the U.S. economy – while consumers routinely...

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

by FeeOnlyNews.com
October 30, 2025
0

The ChipNL Competence Centre launches in Eindhoven to boost the Dutch semiconductor industry. It aims to connect companies with facilities,...

The Prompting Company snags .5M to help products get mentioned in ChatGPT and other AI apps

The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps

by FeeOnlyNews.com
October 30, 2025
0

People are increasingly asking AI, not Google, to help them discover products. A recent shopping report says Americans, this holiday...

India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

by FeeOnlyNews.com
October 29, 2025
0

India’s appetite for instant convenience — once confined to food and grocery delivery — is expanding into house help. That...

Building the Foundation for the Future of Services: Inside the York IE Hub

Building the Foundation for the Future of Services: Inside the York IE Hub

by FeeOnlyNews.com
October 29, 2025
0

The future of professional services isn’t coming…it’s already here. Artificial intelligence, automation, and data are rewriting the rules of the...

Next Post
AI Tool of the Week: Italy’s Seeweb unveils Regolo.ai to make AI deployment open, simple, and sustainable

AI Tool of the Week: Italy’s Seeweb unveils Regolo.ai to make AI deployment open, simple, and sustainable

Earnings Summary: Highlights of NetApp’s (NTAP) Q1 2026 report

Earnings Summary: Highlights of NetApp’s (NTAP) Q1 2026 report

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
Key takeaways from Altria’s (MO) Q3 2025 earnings report

Key takeaways from Altria’s (MO) Q3 2025 earnings report

0
An IBM exec’s playbook for rewiring big companies for speed, innovation

An IBM exec’s playbook for rewiring big companies for speed, innovation

0
These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

0
Clal Insurance invests 0m in Kesem power station

Clal Insurance invests $200m in Kesem power station

0
Links 10/31/2025 | naked capitalism

Links 10/31/2025 | naked capitalism

0
Are Bitcoin miners becoming AI utilities? The math says yes

Are Bitcoin miners becoming AI utilities? The math says yes

0
An IBM exec’s playbook for rewiring big companies for speed, innovation

An IBM exec’s playbook for rewiring big companies for speed, innovation

October 31, 2025
These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

October 31, 2025
*HOT* 12 Chatbooks for just  shipped {Ends Tonight!}

*HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}

October 31, 2025
Are Bitcoin miners becoming AI utilities? The math says yes

Are Bitcoin miners becoming AI utilities? The math says yes

October 31, 2025
How Much Vacation Time Are American Workers Actually Taking?

How Much Vacation Time Are American Workers Actually Taking?

October 31, 2025
5 Undervalued Stocks Under  Poised for Double-Digit Rebounds

5 Undervalued Stocks Under $10 Poised for Double-Digit Rebounds

October 31, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • An IBM exec’s playbook for rewiring big companies for speed, innovation
  • These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?
  • *HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.