No Result
View All Result
  • Login
Wednesday, February 4, 2026
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
5 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Local governments across America struggle with managing expensive, specialized equipment purchases and sales through outdated methods like local auctions and Facebook groups, often limiting their reach to nearby buyers and sellers.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

The psychological impact of talking to strangers is real: Studies show it makes us happier and smarter

The psychological impact of talking to strangers is real: Studies show it makes us happier and smarter

by FeeOnlyNews.com
February 3, 2026
0

When researchers asked commuters to strike up conversations with strangers on trains and buses, they discovered something that challenges our...

Bootstrapping Isn’t Noble – It’s Just Another Trap

Bootstrapping Isn’t Noble – It’s Just Another Trap

by FeeOnlyNews.com
February 3, 2026
0

There’s a reason founders romanticize suffering. You get to say you “did it all yourself.” Your startup was forged in...

Duetti Raises 0M to Close the 0B Gap in Independent Music Financing – AlleyWatch

Duetti Raises $200M to Close the $160B Gap in Independent Music Financing – AlleyWatch

by FeeOnlyNews.com
February 3, 2026
0

As independent music reaches $160B in market value and commands nearly half of the global music industry, a critical disconnect...

How LLMs Can Quietly Classify and Organize Your Business Data

How LLMs Can Quietly Classify and Organize Your Business Data

by FeeOnlyNews.com
February 2, 2026
0

Invisible Assistants in the Background Most of the attention in the world of AI goes to visible features: chatbots that...

The personality trait that predicts loneliness better than being single or living alone

The personality trait that predicts loneliness better than being single or living alone

by FeeOnlyNews.com
February 2, 2026
0

You’ve probably heard it a thousand times: loneliness is an epidemic. But here’s what might surprise you – researchers have...

The 12 Largest NYC Tech Startup Funding Rounds of January 2026 – AlleyWatch

The 12 Largest NYC Tech Startup Funding Rounds of January 2026 – AlleyWatch

by FeeOnlyNews.com
February 2, 2026
0

Looking at the largest NYC startup funding rounds from January 2026, leveraging data from CrunchBase, we’ve analyzed the most significant...

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
Self-driving startup Waabi raises up to  billion, partners with Uber to deploy 25,000 robotaxis

Self-driving startup Waabi raises up to $1 billion, partners with Uber to deploy 25,000 robotaxis

January 28, 2026
Student Beans made him a millionaire, a heart condition made this millennial founder rethink life

Student Beans made him a millionaire, a heart condition made this millennial founder rethink life

December 11, 2025
Sellers Are Accepting Even Less

Sellers Are Accepting Even Less

January 23, 2026
Episode 242. “Our couples therapist couldn’t fix this. Please help.”

Episode 242. “Our couples therapist couldn’t fix this. Please help.”

January 6, 2026
US SEC Issues Key Crypto Custody Guidelines For Broker-Dealers

US SEC Issues Key Crypto Custody Guidelines For Broker-Dealers

December 19, 2025
How to sell a minority stake in RIA M&A

How to sell a minority stake in RIA M&A

November 11, 2025
Israel’s ADC to build Albania’s first data center

Israel’s ADC to build Albania’s first data center

0
Adam Smith Misunderstood the Origins of the Division of Labor

Adam Smith Misunderstood the Origins of the Division of Labor

0
‘You Probably Don’t Want To Go Buy A House,’ Says Best-Selling Author JL Collins—Even As Homeownership Remains The ‘American Dream’

‘You Probably Don’t Want To Go Buy A House,’ Says Best-Selling Author JL Collins—Even As Homeownership Remains The ‘American Dream’

0
Consumer Backlash Leads PepsiCo to Slash Snack Prices by 15%, but Will You See the Savings?

Consumer Backlash Leads PepsiCo to Slash Snack Prices by 15%, but Will You See the Savings?

0
Binance completes second batch of Bitcoin conversion, acquires 0M in BTC

Binance completes second batch of Bitcoin conversion, acquires $100M in BTC

0
5 Best Small-Business Loans in 2026

5 Best Small-Business Loans in 2026

0
Binance completes second batch of Bitcoin conversion, acquires 0M in BTC

Binance completes second batch of Bitcoin conversion, acquires $100M in BTC

February 4, 2026
Silver & gold ETFs rally up to 9% as bullion boom continues. Should you invest now?

Silver & gold ETFs rally up to 9% as bullion boom continues. Should you invest now?

February 4, 2026
XRP Open Interest Falls to Lowest Level Since 2024: Market Reset Or Warning Signal?

XRP Open Interest Falls to Lowest Level Since 2024: Market Reset Or Warning Signal?

February 4, 2026
Clorox outlines 0–1% category growth target and innovation-led recovery as ERP transition ends (NYSE:CLX)

Clorox outlines 0–1% category growth target and innovation-led recovery as ERP transition ends (NYSE:CLX)

February 3, 2026
Sun shines on Waaree Energies as tariff clouds clear

Sun shines on Waaree Energies as tariff clouds clear

February 3, 2026
China set to attend India’s upcoming AI summit signaling improving relations with New Delhi

China set to attend India’s upcoming AI summit signaling improving relations with New Delhi

February 3, 2026
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

  • Binance completes second batch of Bitcoin conversion, acquires $100M in BTC
  • Silver & gold ETFs rally up to 9% as bullion boom continues. Should you invest now?
  • XRP Open Interest Falls to Lowest Level Since 2024: Market Reset Or Warning Signal?
  • 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.