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Kitchener’s DOZR, the leader in marketplace heavy equipment rentals, has raised a $27.5 million Series B funding round co-led by Silicon Valley’s Builders VC and BDC Capital.
As the world’s first comprehensive online search for heavy equipment, DOZR has changed the digital future of rentals by empowering users with transparent access to suppliers across the continent.
“We’ve seen a massive increase in online transactions and the demand to rent equipment online is at an all-time high,” said Kevin Forestell, CEO and co-founder of DOZR.
“Contractors are turning to rentals to ease the challenges they are facing in their day-to-day when it comes to finding the equipment they need. DOZR provides these users with a simple and transparent solution.”
The round of funding will further help DOZR expand its footprint across the United States.
Dozr currently has about 65 employees. Forestell said the company plans to grow its headcount to 130 by the end of the year, as it looks to scale out its engineering team, build more features for its rental company and contractor clients, and support its expansion into new US markets.