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.
Platform for streamlined inventory and spare parts purchasing for businesses.
Solution for online parts sales and multi-branded marketplaces.
People of SmartEquip
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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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Investors in SmartEquip
SmartEquip has secured backing from 1 investor. Prominent investors backing the company include Ritchie Bros.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartEquip
Financial Statements - SmartEquip
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.
| 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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Frequently Asked Questions about SmartEquip
SmartEquip was founded in 2000 and raised its 1st funding round 3 years after it was founded.
SmartEquip is headquartered in Norwalk, United States.
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.
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.
SmartEquip offers Procurement Catalog and e-Commerce Store.
SmartEquip has 1 investor. Key investors include Ritchie Bros.