Machinery Partner, a company providing innovative procurement, financing, and support solutions for builders and contractors in need of heavy machinery, has announced the successful raise of $8 million in Series A financing. Armory Square Ventures led the round, with participation from Pritzker Group, RiverPark Ventures, Contour Venture Partners, and various B2B marketplace founders. Additionally, Pacific Western Bank provided $3 million in venture debt, with follow-on investments from Euclid Ventures, One Way Ventures, and Techstars Ventures. This funding will enable Machinery Partner to further its mission of empowering builders across the United States to enhance local communities.

As a B2B marketplace, Machinery Partner aims to democratize access to innovative and specialized heavy machinery by facilitating online sales from manufacturers and dealers. This approach delivers significant cost savings to builders, allowing them to complete projects, expand their businesses, and remain competitive in the market. Currently operating in 35 U.S. states, Machinery Partner plans to expand its reach both domestically and internationally to support construction, agriculture, and recycling industries.

Clement Cazalot, Co-Founder and CEO of Machinery Partner, expressed the company’s commitment to providing advanced machinery solutions to industrial businesses facing labor shortages and requiring specialized equipment. He emphasized the importance of supporting builders nationwide in improving their communities and driving business growth. With this funding, Machinery Partner intends to enhance its offerings, onboard new factory partners, and disrupt the global heavy equipment industry valued at $580 billion.

Heavy industrial equipment such as rock crushers, screeners, and shredders play a crucial role in infrastructure development and recycling initiatives. However, their high costs and maintenance requirements often pose challenges for small businesses and subcontractors. Machinery Partner bridges this gap by connecting machinery factories with customers, making equipment accessible and affordable. This empowers builders to scale their operations and gain a competitive edge in their respective markets.

Somak Chattopadhyay from Armory Square Ventures highlighted Machinery Partner’s significant market penetration and emphasized its role in supporting construction and infrastructure needs across the country. Drawing parallels with successful marketplace businesses, Chattopadhyay expressed optimism about Machinery Partner’s growth trajectory and its potential to drive local development initiatives.