VentureSouth, a Greenville-based early stage investment firm that operates angel investor groups and funds across the Southeast, has led an investment in Kwipped, Inc. a Wilmington, North Carolina-based online business-to-business equipment rental marketplace.
As an equipment rental facilitator, Kwipped provides an online platform to businesses and organizations needing to rent specialized commercial equipment.
VentureSouth anchored a round of growth capital that will be used to accelerate Kwipped’s marketing efforts, increase the variety of equipment available for rental, and add sales and technology staff.
Kwipped assists with rentals in more than 500 equipment categories across 22 different industries and has over $55 million in suppliers' assets available for rent. Its wide range of applications includes medical and laboratory, audio-visual, construction, surveying, film production and power utility.
“In the same way that Kwipped pairs commercial equipment inventory with businesses seeking equipment, VentureSouth pairs successful business leaders capital with exciting growth companies,” VentureSouth Managing Director Paul Clark said.