No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, August 14, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Startups

Garage Raises $13.5M to Build Modern Marketplace for Municipal Equipment – AlleyWatch

by TheAdviserMagazine
12 months ago
in Startups
Reading Time: 5 mins read
A A
Garage Raises .5M to Build Modern Marketplace for Municipal Equipment – AlleyWatch
Share on FacebookShare on TwitterShare on LInkedIn


Local governments across America struggle with managing expensive, specialized equipment purchases and sales through outdated methods like local auctions and Facebook groups, often limiting their reach to nearby buyers and sellers. Fire departments and municipalities face tight budgets while equipment costs continue to rise, creating challenges in both acquiring necessary apparatus and recovering funds from surplus assets. Garage addresses these pain points by creating a modern, nationwide marketplace for America’s most essential equipment, connecting buyers and sellers across all 50 states while handling every aspect of the transaction process. The platform serves as a comprehensive solution for fire trucks, ambulances, rescue equipment, and government surplus, offering services from AI-powered appraisals and virtual inspections to integrated freight, warranties, and financing options. Founded by a former firefighter, Garage builds on firsthand experience witnessing the inefficiencies in equipment procurement.

AlleyWatch sat down with Garage CEO and Cofounder Martin Hunt to learn more about the business, its future plans, recent funding round, and much, much more…

Who were your investors and how much did you raise?

$13.5M Series A – led by Infinity Ventures with participation from Y Combinator, Initialized Capital, Benchstrength, Wayfinder Ventures, and FJ Labs. This follows our $4.5M Seed last year, led by Initialized Capital.

Tell us about the product or service that Garage offers.

Garage is the marketplace for America’s most essential equipment – helping local governments and businesses buy & sell equipment that is expensive and hard-to-move.

What inspired the start of Garage?

When I was a firefighter, I witnessed firsthand how painful it was to manage buying and selling equipment and vehicles for his community. I grew up in a small town outside of Wilmington, Delaware, that, like many towns in America, has tight budgets for equipment.

In 2023, I received a call from a friend in the fire service who asked me if I could help find a better way to manage the process. When I couldn’t find anything, it became clear that there was a need for a streamlined, nationwide marketplace for expensive, hard-to-move equipment like fire trucks. For the marketplace to be successful, we knew we would need to automate previously manual parts of the process– including appraisal, freight and payments.

A few months later, Alaz Sengul (cofounder) and I left our jobs with no product or funding to build the solution.

How is Garage different?

Garage serves as a modern alternative to buying and selling via local auctions, Facebook groups, newspaper classifieds, and other outdated methods of trading equipment.

By handling every step of the sale process– from discovery to delivery– Garage connects buyers and sellers anywhere in the country, and creates a more secure, streamlined experience for buying and selling expensive, difficult-to-move assets.

While online auction platforms like GovDeals have existed for years, Garage’s end-to-end platform handles freight, warranties, payment processing, and financing all in one place, while offering innovative tools like AI-powered appraisals and virtual inspections, which help eliminate the guesswork of buying and selling expensive assets online.

What market does Garage target and how big is it?

Garage is building the modern marketplace for the $1T municipal and heavy business equipment market.

What’s your business model?

B2B Marketplace.

How are you preparing for a potential economic slowdown?

Garage primarily serves local governments and public safety organizations, whose budgets are allocated annually and less sensitive to macroeconomic fluctuations. Our focus is on public safety vehicles—a category that remains a top funding priority even in downturns, making it one of the last areas subject to cuts.

What was the funding process like?

It was exciting to speak with potential investors and share our passion for Garage’s mission and vision. Connecting with investors who share our excitement about modernizing the future of public safety was invigorating, and ultimately helped us find the right partners who not only provide capital but also bring strategic guidance and conviction to support our long-term growth

What are the biggest challenges that you faced while raising capital?

The biggest challenge was choosing the right partner—this was the first time we were bringing an external member onto our board, so the decision carried real weight. We were fortunate to receive strong inbound interest from many incredible venture firms, each offering unique strengths. Ultimately, we had to trust our instincts and prioritize long-term alignment—finding a partner who could not only provide capital but also stand beside us in building Garage to the next level.

What factors about your business led your investors to write the check?

Our investors were most excited about three things: the strength of our team, the scale of the problem we’re solving in a proven market with strong demand, and the early traction we’ve demonstrated with clear product-market fit and strong revenue growth.

What are the milestones you plan to achieve in the next six months?

We plan to use the capital to grow our team, expand the marketplace’s capabilities, and continue our mission of serving every town and city in America.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

New York has always been defined by resilience. Not every company has a big injection of capital right now, and that’s okay—sometimes constraints actually force the best discipline. My advice is to use this moment to get closer to your customers, sharpen your business model, and be incredibly deliberate with every dollar.

Where do you see the company going now over the near term?

Our near-term priority is expanding the team. We’re actively looking for top talent in the NYC area to join Garage and help us build a better buying and selling experience for America’s most essential civil servants. Check out our career page if you’re interested in joining! 

What’s your favorite summer destination in and around the city?

Central Park! You get all the views of the city but great fresh air and a fun space to throw around a ball, go for a run, or enjoy a nice walk!

NYC Tech Daily Email

You are seconds away from signing up for the hottest list in NYC Tech!

Sign up today



Source link

Tags: 13.5MAlleyWatchBuildEquipmentGaragemarketplaceModernMunicipalRaises
ShareTweetShare
Previous Post

Earnings Summary: Agilent (A) reports higher Q3 2025 revenue and profit

Next Post

*HOT* Old Navy: $4-$6 Tees for the Whole Family!

Related Posts

edit post
Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

by TheAdviserMagazine
August 8, 2026
0

Retirement procrastination is usually described as a failure of discipline. The forms have been sitting in a folder for months....

edit post
The self-improvement industry sells becoming your best self through grit and mindset, but the large meta-analyses are deflating: grit turns out to be mostly conscientiousness renamed, and growth-mindset programmes move academic results only slightly

The self-improvement industry sells becoming your best self through grit and mindset, but the large meta-analyses are deflating: grit turns out to be mostly conscientiousness renamed, and growth-mindset programmes move academic results only slightly

by TheAdviserMagazine
August 8, 2026
0

Become your best self is one of the most profitable sentences in modern culture. It sells books, courses, apps, and...

edit post
Most advice on becoming happier assumes it is up to you, but the evidence is humbler: much of the variation is dispositional, the claim that 40 per cent sits within your control does not hold up, and what works best points outward, towards other people

Most advice on becoming happier assumes it is up to you, but the evidence is humbler: much of the variation is dispositional, the claim that 40 per cent sits within your control does not hold up, and what works best points outward, towards other people

by TheAdviserMagazine
August 7, 2026
0

The advice on how to become happier is endless, confident, and mostly built on the same assumption: that your happiness...

edit post
Malachyte Raises M to Solve E-Commerce’s Biggest Blind Spot: the Visitor Who Never Logs In – AlleyWatch

Malachyte Raises $10M to Solve E-Commerce’s Biggest Blind Spot: the Visitor Who Never Logs In – AlleyWatch

by TheAdviserMagazine
August 7, 2026
0

E-commerce brands now spend roughly 40% more to acquire each new customer than they did in 2023, yet the website...

edit post
Psychology says the ability to eat alone in public is a sign of quiet confidence because it takes a certain kind of security to occupy a table built for two and not feel the empty chair as an accusation

Psychology says the ability to eat alone in public is a sign of quiet confidence because it takes a certain kind of security to occupy a table built for two and not feel the empty chair as an accusation

by TheAdviserMagazine
August 7, 2026
0

Somewhere in your city tonight, a person is going to walk into a restaurant they have wanted to try for...

edit post
The barrier to starting a conversation is usually a bad forecast, not a lack of charm: people underestimate how much others like them, and commuters made to talk to a stranger enjoyed the trip more than those left alone, the opposite of what they predicted

The barrier to starting a conversation is usually a bad forecast, not a lack of charm: people underestimate how much others like them, and commuters made to talk to a stranger enjoyed the trip more than those left alone, the opposite of what they predicted

by TheAdviserMagazine
August 7, 2026
0

Some people seem to strike up conversations anywhere, with the person next to them in a queue, a stranger at...

Next Post
edit post
*HOT* Old Navy: - Tees for the Whole Family!

*HOT* Old Navy: $4-$6 Tees for the Whole Family!

edit post
AI Tool of the Week: Italy’s Seeweb unveils Regolo.ai to make AI deployment open, simple, and sustainable

AI Tool of the Week: Italy’s Seeweb unveils Regolo.ai to make AI deployment open, simple, and sustainable

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

July 31, 2026
edit post
Driving the Noncitizen Voting Scandal: Registration With License

Driving the Noncitizen Voting Scandal: Registration With License

July 26, 2026
edit post
Garbage Trucks Surveillance Florida Neighborhoods

Garbage Trucks Surveillance Florida Neighborhoods

July 29, 2026
edit post
Does a Revocable Trust Protect Your Assets From Lawsuits and Creditors?

Does a Revocable Trust Protect Your Assets From Lawsuits and Creditors?

August 7, 2026
edit post
Montana Puts Democrats in a Bind as Senate Hopes Fade

Montana Puts Democrats in a Bind as Senate Hopes Fade

August 2, 2026
edit post
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

0
edit post
E.W. Scripps Q2 2026 Loss Widens to -.68/Share, Revenue Down 9%

E.W. Scripps Q2 2026 Loss Widens to -$12.68/Share, Revenue Down 9%

0
edit post
Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

0
edit post
Four AI Escapes Just Redefined “Responsible AI”

Four AI Escapes Just Redefined “Responsible AI”

0
edit post
Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

0
edit post
Kalshi Predicts Bitcoin Price Could Reach K in August

Kalshi Predicts Bitcoin Price Could Reach $68K in August

0
edit post
Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

August 8, 2026
edit post
Links 8/8/2026 | naked capitalism

Links 8/8/2026 | naked capitalism

August 8, 2026
edit post
Wisconsin: The Next Frontier for Socialists

Wisconsin: The Next Frontier for Socialists

August 8, 2026
edit post
Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

August 8, 2026
edit post
Why You Should Be Wary of Aspartame, but Not Totally Rule It Out

Why You Should Be Wary of Aspartame, but Not Totally Rule It Out

August 8, 2026
edit post
Kalshi Predicts Bitcoin Price Could Reach K in August

Kalshi Predicts Bitcoin Price Could Reach $68K in August

August 8, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together
  • Links 8/8/2026 | naked capitalism
  • Wisconsin: The Next Frontier for Socialists
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.