Equippo recently closed its first seed financing round with prominent Swiss venture capital and investment firm b-to-v. Keep reading to learn more about what this means for Equippo.
From MVP to Seed
When Equippo launched in November 2014, it was with the belief that used heavy equipment deals could be simplified for buyers and sellers across the globe. That spirit of simplicity also marked Equippo’s initial product; Equippo’s initial products went to market a lean MVP. Co-founders Michael Rohmeder and Philipp Knobel agreed to launch lean and seek funding only after proof of concept.
Of the lean concept, Rohmeder says, “lean startup” and bring a product live quickly and without investment. It was the logical way to reach our first phase goals with limited resources.”
Now, several technological innovations and releases later, Equippo has completed its first seed financing round with Swiss venture capital and investment firm b-to-v. With this six-figure investment, Equippo will ramp up operations, marketing, and global sales efforts. Michael Rohmeder explains, “the investment with b-to-v now allows us to prepare for the next development stage with much more power.”
Equippo is a marketplace for used heavy equipment sales. It links sellers and buyers from all over the world, breaking down trade barriers and simplifying the international purchasing process. It differentiates itself from other online marketplaces with total transaction management, a 9-language sales and service offering, and its Final Price Calculator, an algorithm that calculates a machine’s price including deliver, customs, and transport to a desired location.
Founder & CEO Michael Rohmeder is a 20+ year veteran of the heavy equipment sales industry. Founder and CTO Philipp Knobel brings to the team 15+ years of development and tech expertise. Equippo is currently active on five continents, with team members spread across three.
b-to-v is a St.Gallen/Berlin-based venture capital and investment firm. It is unique in that is maintains a network of angels in addition to its two,in-house funds of ~€30m volume respectively. b-to-v blends the VC expertise of its own team with the multi-industry know-how of its extensive, network of entrepreneurs.
Founded in 2000, the joy of investment and entrepreneur-to-entrepreneur cooperation are core to b-to-v’s values and mission. b-to-v invests between 20 and 30 million Euro per year in existing as well as new investments.