We were very pleased to announce yesterday that VentureSouth members have invested in KWIPPED.
KWIPPED is an online platform that helps businesses and organizations wanting to rent specialized commercial equipment. The company assists with rentals in more than 500 equipment categories across 22 different industries. Its applications include medical and laboratory, audio-visual, construction, surveying, film production, power utility, and many more.
Nearly 500 suppliers have listed over $55 million of their assets available for rent, and many thousands of potential renters seeking equipment are registered with the platform.
VentureSouth is anchoring this $1 million Series A round of growth capital, which will be used to accelerate KWIPPED’s marketing efforts, increase the variety of equipment available for rental, and add sales and technology staff.
Members from across our network, from VentureSouth Asheville Charleston, and the VentureSouth Angel Fund II, participated in the investment. We wish Robert Preville and the rest of the KWIPPED team the best of luck growing the business - and will do whatever we can to help!
(And thanks to a diverse set of media, from the Wall Street Journal to the Wilmington Business Journal for helping to spread the news.)