To grow its peer-to-peer marketplace for construction equipment, Columbia, Missouri-based EquipmentShare has raised $5.5 million in a venture funding round led by Romulus Capital. Earlier, the “Airbnb for construction” raised $2.1 million in seed funding and participated in the Y Combinator accelerator.
EquipmentShare brings first peer-to-peer sharing platform to New Zealand’s construction sector. The construction sector’s answer to the Uber-style sharing economy has come to New Zealand.
EquipmentShare helps contractors borrow and share construction equipment online, and it’s emblematic of the sharing economy moving into different industries—but more on that in a minute.