KITCHENER, Ontario, Feb. 8, 2022 (GLOBE NEWSWIRE) — DOZR, the heavy equipment rental market leader, announced today that it has raised C$27.5 million in Series B funding. Co-led by Silicon Valley Builders VC and BDC Capital, with participation from BaseCamp Equity Partners, this additional round of funding will further allow DOZR to expand its footprint across the United States. United. As the first comprehensive online search for heavy equipment, DOZR changed the digital future of rental by allowing users seamless access to suppliers across the continent of the world.
Ongoing global supply chain activities, increased demand, high utilization rates and manufacturing delays have compounded existing challenges in accessing heavy equipment. Access to equipment through online rental at DOZR.com has become the imperative for entrepreneur success. DOZR’s online solutions make equipment rentals available at the click of a button.
“We have seen a massive increase in online transactions and the demand for online equipment rentals is at an all time high,” said Kevin Forestell, CEO and co-founder of DOZR. “Entrepreneurs are turning to leasing to ease the challenges they face in their day-to-day business of finding the equipment they need. DOZR offers these users a simple and transparent solution. »
DOZR’s latest development, WebStores, is a white label software solution that enables rental companies to meet the needs of their customers an e-commerce solution with touchless, paperless rental transactions integrated seamlessly into the existing website. supplier and ERP systems. As many rental houses currently do not offer instant rental transactions, DOZR’s software puts the industry first and facilitates success as businesses adapt to an increasingly digital world.
DOZR also announces the addition of Mark Blackwell, General Partner at VC Builders and Jack Fraser, Associate of BDC Capital’s Venture Growth Fund to its Board of Directors. The first to introduce the next generation of Con-Tech marketplaces, DOZR has become the rental e-commerce solution for many equipment rental companies in North America. DOZR.com has quickly become the source of truth and transparency for heavy equipment rental, welcoming over 2 million visits to the site last year.
DOZR plans to expand to new markets this year, including Arizona, Washington, Nevada, Colorado and Tennessee. The company will also use the funds to increase the size of the team, with plans to double its number of employees by the spring.
“The pandemic dramatically changed B2B commerce workflows moving from order flow via email, SMS, fax and paper checks to digital marketplaces. DOZR has become a true market leader in providing a transparent marketplace in the $56B+ equipment rental industry,” said Mark Blackwell, General Partner at VC Builders. “We are excited to co-lead the latest round of DOZR and support their mission and expansion plans in the United States and Canada. »
“The ability of DOZR’s integrated booking platform with data-driven products that help optimize construction project efficiencies will provide a superior experience for the contractor community,” comments Jack Fraser, Partner, Risk growth Co-investment fund at BDC Capital. “We are very excited to join DOZR in their journey of developing this new vertical in North America. »
In addition to providing users with the world’s first intelligent heavy equipment search and WebStores introduction in 2020, the company also launched its order tracking experience in 2021. The first of its kind, order tracking, allows entrepreneurs to digitally manage their rentals from start to finish.
DOZR provides marketplace and e-commerce solutions for online heavy equipment rental. DOZR.com offers the largest fleet of heavy equipment and has quickly become the premier choice for the contractor’s online equipment rental in the world. DOZR Power’s e-commerce solutions, including the online store, allow equipment suppliers and rental houses the opportunity to digitize their businesses through e-commerce. Founded by experienced construction and technology veterans, DOZR connects contractors and rental companies, ensuring a touchless, e-commerce equipment rental experience.
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