About SmartEquip
SmartEquip is a company based in Norwalk (United States) founded in 2000 was acquired by Ritchie Bros in September 2021.. SmartEquip has raised $34.85 million across 7 funding rounds from investors including Ritchie Bros. SmartEquip offers products and services including Procurement Catalog and e-Commerce Store. SmartEquip operates in a competitive market with competitors including Bizongo, SuperZop, FoodMaven, Lapasar and Procol, among others.
- Headquarter Norwalk, United States
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.85 M (USD)
in 7 rounds
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Latest Funding Round
$1 M (USD), Series B
Aug 22, 2016
- Investors
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Employee Count
Employee Count
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Acquired by
Ritchie Bros
(Sep 01, 2021)
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Products & Services of SmartEquip
SmartEquip offers a comprehensive portfolio of products and services, including Procurement Catalog and e-Commerce Store. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for streamlined inventory and spare parts purchasing for businesses.
Solution for online parts sales and multi-branded marketplaces.
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Funding Insights of SmartEquip
SmartEquip has successfully raised a total of $34.85M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $1 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $1.0M
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First Round
First Round
(01 Jun 2003)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series B - SmartEquip | Valuation |
investors |
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| Mar, 2013 | Amount | Series B - SmartEquip | Valuation |
investors |
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| Nov, 2011 | Amount | Series B - SmartEquip | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SmartEquip
SmartEquip has secured backing from 1 investor. Prominent investors backing the company include Ritchie Bros. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartEquip
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SmartEquip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smartequip Comparisons
Competitors of SmartEquip
SmartEquip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bizongo, SuperZop, FoodMaven, Lapasar and Procol, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
Wholesale grocery procurement is enabled for retailers and small businesses.
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| domain | founded_year | HQ Location |
AI-based procurement software is provided for food supply optimization.
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| domain | founded_year | HQ Location |
Procurement software suites are provided for business operations.
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| domain | founded_year | HQ Location |
Procurement processes are automated through an AI-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smartequip
Frequently Asked Questions about SmartEquip
When was SmartEquip founded?
SmartEquip was founded in 2000 and raised its 1st funding round 3 years after it was founded.
Where is SmartEquip located?
SmartEquip is headquartered in Norwalk, United States.
Is SmartEquip a funded company?
SmartEquip is a funded company, having raised a total of $34.85M across 7 funding rounds to date. The company's 1st funding round was a Series B of $10.54M, raised on Jun 01, 2003.
What does SmartEquip do?
SmartEquip was founded in 2000 and is headquartered in Norwalk, United States. Internet-based solutions are supplied to manufacturers, dealers, and rental fleet owners within the construction, industrial equipment, and power tools sectors. An online fleet support network is maintained, offering real-time data on critical parts, work orders, purchase orders, inventory levels, and equipment forecasting. Diagrams, manuals, and cross-selling tools are also made available for operational support.
Who are the top competitors of SmartEquip?
What products or services does SmartEquip offer?
SmartEquip offers Procurement Catalog and e-Commerce Store.
Who are SmartEquip's investors?
SmartEquip has 1 investor. Key investors include Ritchie Bros.
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