Hitched, Inc., a Houston, TX-based marketplace for industrial rental equipment, closed $5.5m in Series A funding.
The round was led by Cottonwood Venture Partners.
The company intends to use the funds to accelerate its product development and enhance the customer experience.
Founded in 2018 and led by CEO Adam Gilles, Hitched provides rental and service companies with the capability of hosting, chartering, and managing equipment, all in a centralized platform. It provides the following benefits for end-users:
- On-demand rentals comprising of forklifts, generators, cranes, etc;
- Examination and evaluation of product capabilities;
- Revenue summaries comprised of all assets including crew members, products, and equipment; and
- Secure authentication and payment.
The marketplace is currently used by players in the the oil & gas, construction, and industrial industries.