Press release 📈 Stocks 🌍 United States

Garage Raises $41M Series B to Scale AI Marketplace for Essential Equipment

Garage secures $41 million in Series B funding to scale its AI-driven marketplace for essential heavy-duty equipment after reaching $100 million in annual platform sales.

📅 November 10, 2026 🕐 1 min read

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Garage Raises $41M Series B to Scale AI-Powered Marketplace for America's Essential Equipment, Surpassing $100M in Annual Platform Sales

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🎯 Key Takeaways

Garage raised $41 million in Series B funding, bringing total capital raised to $60 million.
The platform has surpassed $100 million in annual sales with over 400% year-over-year growth.
Garage serves over 1,000 communities across all 50 states and Canada.
The marketplace has saved municipalities an estimated $100M+ by optimizing surplus asset recovery and procurement.

📝 Executive Summary

Garage, an AI-powered marketplace for heavy-duty equipment, secured $41 million in Series B funding led by Invus Opportunities. The company, which has surpassed $100 million in annual platform sales, plans to use the capital to expand into new verticals like public works and sanitation. Currently serving over 1,000 communities across all 50 states, the platform helps municipalities recover surplus asset value and reduce procurement costs by over 90%.

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