Garage Raises $41M Series B

Garage, a New York-based company operating an AI-powered marketplace for essential heavy equipment, has raised $41 million in a Series B funding round. This latest investment brings the company's total funding to $60 million as it continues to modernize the procurement and disposition of heavy-duty assets for municipalities and private operators.

Investors

The round was led by Invus Opportunities. Additional participating investors included Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs.

Garage Use of Funds

The newly secured capital will be utilized to accelerate hiring efforts and support the company's expansion into new heavy-duty equipment verticals, including public works and sanitation sectors.

About Garage

Founded in 2023 by CEO Martin Hunt and CTO Alaz Sengul, Garage provides a digital, AI-powered platform that streamlines the buying and selling of specialized equipment, such as fire engines and sanitation vehicles. Its platform offers AI-driven appraisals, automated logistics, equipment warranties, nationwide market access, and integrated financing. Garage currently serves more than 1,000 communities across all 50 U.S. states and Canada.

Funding Details

Company Website: https://shopgarage.com

Company: Garage
Raised: $41M
Round: Series B
Funding Date: November 10, 2026
Lead Investor: Invus Opportunities
Additional Investors: Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, FJ Labs
Company Website: https://www.shopgarage.com
Software Category: Marketplace