What is Yardlink?
Yardlink is a digital platform designed to connect businesses with a network of local, trusted plant hire companies. It facilitates the seamless discovery, booking, and payment of essential construction equipment, ranging from access towers to mini excavators. The service also includes options for short-term insurance coverage. Yardlink manages critical operational tasks such as verifying supplier availability, coordinating deliveries, and assuring equipment quality, thereby simplifying the procurement process for its clients. An online Dashboard provides clients with tools to track and manage their rented equipment, complete with automated reminders for off-hire.
How much funding has Yardlink raised?
Yardlink has raised a total of $19.8M across 2 funding rounds:
Angel/Seed
$2.3M
Series A
$17.5M
Angel/Seed (2020): $2.3M with participation from Speedinvest GmbH and FJ Labs
Series A (2022): $17.5M led by Beringea, FJ Labs, Speedinvest, and Amplifier
Key Investors in Yardlink
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses in the US and UK, focusing on empowering entrepreneurs to build billion-dollar companies. With a diverse network and expertise across multiple sectors, they provide strategic support to their portfolio companies.
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses. They have invested in notable companies such as Alibaba, Coupang, and Rappi, building the world's largest portfolio of marketplace startups, with over 30 achieving unicorn status.
Speedinvest
Speedinvest is a venture capital fund with over €1B allocated for investing in pre-Seed, Seed, and early-stage tech startups across Europe. The company focuses on various sectors including Deep Tech, Fintech, Health Bio, Climate Tech, and SaaS Infra.
What's next for Yardlink?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Yardlink for accelerated growth and market expansion. This capital infusion is likely to be directed towards enhancing its technology platform, broadening its network of suppliers, and increasing its customer acquisition efforts within the construction industry. The company's focus on streamlining equipment rental and management suggests a strategy aimed at capturing a significant share of the B2B equipment hire market, potentially leading to further scaling and operational efficiencies.
See full Yardlink company page
