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EquipmentShare Secures $26 Million in Funding to Fuel Marketplace Expansion and Launch Mixed Fleet Telematics Solution ES Track

Jabbok Schlacks (left) and Willy Schlacks (right), brothers and co-founders of EquipmentShare

EquipmentShare, a provider of construction technology solutions that help contractors and original equipment manufacturers (OEMs) better manage equipment and make smarter business decisions, has secured $26 million in funding led by Insight Venture Partners and existing investor Romulus Growth. Y Combinator, another existing investor, also participated in the round. With this capital, EquipmentShare will launch its mixed-fleet telematics solution, ES Track, and open peer-to-peer marketplace locations in eight additional U.S. markets.

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