Gearflow wins construction tech startup competition
The competition awards the top early-stage construction tech startup based in a U.S. metropolitan area other than the East and West coasts. Gearflow joined two other finalists at the event to pitch its marketplace platform, which is designed to reduce costly construction equipment downtime by allowing fleet owners to quickly buy the parts they need from suppliers.
"It was an honor to participate in the BuiltWorlds startup challenge and present how Gearflow plans to help solve construction's productivity pains by easing parts procurement," says Luke Powers, Gearflow founder and CEO. "There is a distinct opportunity for digital technology to expedite the work in the field — particularly when it comes to equipment and tools — in order to positively influence contractor profit margins, and the solutions that Gearflow is building to elevate the supply chain and its service relationships will do just that."
The startup challenge success comes on the heels of Gearflow raising a $3 million seed round in June.