Equippo, a Zug, Switzerland-based marketplace for used heavy equipment sales, closed its six-figure first seed financing round.
Swiss venture capital firm b-to-v made the investment.
The company intends to use the funds to ramp up operations, marketing, and global sales efforts.
Co-founded by Michael Rohmeder and Philipp Knobel, Equippo offers quality used construction equipment to buyers around the globe. It features total transaction management, a 9-language sales and service offering, and a final price calculator, an algorithm that calculates a machine’s price including deliver, customs, and transport to a desired location.