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Garage Raises Funds to Transform Equipment Marketplace

Garage Technologies, Inc. has announced a successful Series A funding round, securing a notable $13.5 million led by Infinity Ventures, with participation from other significant investors like Y Combinator, Initialized Capital, Benchstrength, Wayfinder Ventures, and FJ Labs. This capital infusion brings the total funds raised by Garage to $18 million, marking a pivotal point in the company's mission to provide better solutions for critical equipment used across America.

The Vision Behind Garage

Founded by Martin Hunt and Alaz Sengul, Garage was created out of a commitment to enhance the procurement process for essential equipment, particularly in the public safety sector. Hunt's experience began as a volunteer firefighter at the age of 15 in Delaware, where he became acutely aware of the financial constraints that local governments face. "I witnessed firsthand the challenges they endure due to rising costs and funding shortages," Hunt remarked, emphasizing his motivation to create a more effective and innovative marketplace for managing fleet needs and surplus assets.

Overcoming Market Inefficiencies

Garage's platform is designed to tackle the prevalent inefficiencies in buying and selling specialized equipment. As Hunt stated, "Local governments and public safety are essential to our communities, yet their procurement processes have remained fragmented and outdated." The platform connects buyers and sellers, enabling municipalities to offload underutilized equipment to fund their urgent needs.

Unlike traditional auction systems or local brokers, Garage offers a nationwide marketplace that facilitates seamless transactions, connecting individuals and organizations across the country. The platform features quick freight quotes, integrated payment options, and an AI appraisal tool for a smooth end-to-end user experience. This innovative approach not only simplifies transactions but also helps local governments access equipment that might otherwise be financially out of reach.

Real Impact Across America

The positive influence of Garage is evident across all 50 states, with local governments, fire departments, and small businesses utilizing the platform. Equipment acquired through Garage’s marketplace serves millions of Americans daily, underscoring its critical role in public safety and local governance.

Mario Ruiz, a General Partner at Infinity Ventures, praised Garage's potential: "The company addresses a vital void in the market with innovative solutions. Martin and his team possess the industry knowledge and technical expertise necessary to revolutionize how essential assets are traded.”

Future Growth and Innovations

Garage’s recent funding will bolster its engineering and marketing teams, enhancing the platform’s capabilities while expanding its market presence. The goal is to scale product offerings, improve AI functionalities, and enhance customer onboarding experiences.

Hunt explained, "This funding allows us to advance our platform and significantly deepen our support for civil servants dedicated to protecting and serving their communities. We are committed to empowering them through easier access to necessary tools and resources.”

To explore Garage and learn more about its transformative approach to equipment procurement, visit www.shopgarage.com.

About Garage

Garage stands at the forefront of the specialized equipment marketplace, facilitating improved buying and selling processes that enhance the backbone of America’s industry. Established by Martin Hunt and Alaz Sengul, Zoom is headquartered in New York, NY.