What is Yardlink?
Yardlink operates a digital marketplace designed to streamline the process of sourcing and managing construction equipment. Through its platform, the company connects users with a network of local, trusted plant hire companies, ensuring timely and fair-rate access to necessary machinery. Services include seamless booking, payment processing, and short-term insurance for equipment ranging from access towers to mini excavators. Yardlink also manages supplier vetting, availability checks, and quality assurance, while providing an online dashboard for tracking and managing equipment, complete with off-hire reminders. This approach addresses the logistical complexities of equipment rental for construction projects.
How much funding has Yardlink raised?
Yardlink has raised a total of $19.8M across 2 funding rounds:
Angel/Seed
$2.3M
Series A
$17.5M
Angel/Seed (2020): $2.3M with participation from Speedinvest GmbH and FJ Labs
Series A (2022): $17.5M led by Beringea, Amplifier, FJ Labs, and Speedinvest
Key Investors in Yardlink
Beringea
Beringea is an international venture capital firm focused on high-growth businesses, providing strategic support to entrepreneurs. They invest in sectors including real estate, energy, healthcare, and consumer goods, aiming to build billion-dollar companies.
Amplifier
Amplifier specializes in providing private-label merchandise for large online communities, integrating various production technologies for both static and personalized merchandise.
FJ Labs
FJ Labs focuses on angel investing at a venture scale, particularly in marketplaces and network effect businesses, and has a significant portfolio of successful marketplace startups.
What's next for Yardlink?
The substantial enterprise-level and strategic investment Yardlink has received signals a strong market validation and positions the company for accelerated growth and expansion. This capital infusion is likely to be directed towards enhancing its technology platform, broadening its network of suppliers, and increasing its market penetration within the construction industry. Further development of its SaaS capabilities and logistical support services can be anticipated, aiming to solidify its position as a leader in the construction equipment rental sector and potentially explore adjacent services or markets.
See full Yardlink company page
