Categories
020 3642 5223
My Booking
Create Account

Press

TechCrunch: Construction rental startup YardLink raises funding from Speedinvest

This article was originally posted on TechCrunch on November 17, 2020.

YardLink allows construction companies to obtain critical equipment faster than traditional equipment rental companies. It has now raised a £1.7 million seed round, bringing its total raised to £2.4 million. The round was led by Speedinvest Network Effects, with participation from FJ Labs.

Construction sites often have to hire equipment, but the centralized nature of the traditional hire market means suppliers can be slow to deliver, leading to downtime on-site and delayed projects. Traditional suppliers include HSS Hire, Travis Perkins, Speedy Hire and Sunbelt Rentals. But YardLink aims to speed up this process with a digital-first, marketplace approach. It has a network of 100 suppliers with more than 1,400 equipment depots across the U.K.

The construction industry faces new guidelines to prevent the spread of coronavirus, such as having to provide portable site cabins and accommodation for its workforce. This is coupled with tight availability in the market and more demand for renting equipment, rather than buying it.

The global market for construction equipment rental is around $70 billion.

The team consists of Neeral Shah (founder and CEO), Matt Bloor (CCO) and Daniel Morris (CTO).

Let's talk!

Related Posts

Can Heating and Air Conditioning Improve Employee Productivity?

Product Spotlight

Can Heating and Air Conditioning Improve Employee Productivity?

Workers need to be comfortable at work to perform to the best of their ability. In this blog post, we'll explore how heating and air conditioning can improve employee productivity, and therefore increase the efficiency of your business.

Read article
UK Tech News: YardLink secures £1.7 million Seed Follow On investment led by Speedinvest

Press

UK Tech News: YardLink secures £1.7 million Seed Follow On investment led by Speedinvest

YardLink is transforming the expectations of construction companies by allowing them to obtain critical equipment like excavators, site cabins and aerial platforms much faster than traditional equipment rental companies. YardLink focuses on offering the highest availability of local equipment, at the best price. The startup’s network of more than 100, fully-vetted suppliers with over 1,400 equipment depots across the UK means YardLink can guarantee next day delivery on core equipment, and arrange delivery within a third of the distance of more established competitors.

Read article
 Benefits of Using Portable Lighting

Product Spotlight

Benefits of Using Portable Lighting

Having a sufficient source of lighting is key for a workers health and safety. In this blog post we explore the different uses and benefits of portable lighting.

Read article
Air Tools Safety Tips

Product Spotlight

Air Tools Safety Tips

When you’re working on a construction site or a large scale renovation, speed and precision is key. Lots of construction workers use air tools as they are useful and portable, but there are safety risks to consider.

Read article