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construction rental startup yardlink raises funding from speedinvest

AVATAR Mike Butcher
Mike Butcher
Editor At Large
•November 17, 2020
Topics:construction equipment rentaleconomyEuropeFJ LabsrentingSpeedinvest Network EffectsStartupsStartupsUnited KingdomYardLink
construction rental startup yardlink raises funding from speedinvest

YardLink is enabling construction firms to secure essential machinery more quickly compared to conventional rental businesses. The company has recently completed a £1.7 million seed funding round, increasing its overall funding to £2.4 million. This investment was spearheaded by Speedinvest Network Effects, with additional support from FJ Labs.

Construction projects frequently require equipment rental, but the established rental market’s centralized structure often results in delayed deliveries from suppliers, causing project slowdowns and postponements. Established rental companies in this sector include HSS Hire, Travis Perkins, Speedy Hire and Sunbelt Rentals. YardLink is working to accelerate this process through a digitally focused marketplace model. The platform currently connects to a network of 100 suppliers operating over 1,400 equipment locations throughout the U.K.

The construction sector is adapting to updated health and safety protocols, including the need for portable site offices and worker accommodations, in response to coronavirus concerns. This demand is occurring alongside limited equipment availability and a growing preference for renting equipment instead of purchasing it outright.

The worldwide market for construction equipment rentals is estimated at approximately $70 billion.

YardLink’s leadership team includes Neeral Shah (Founder and CEO), Matt Bloor (Chief Commercial Officer), and Daniel Morris (Chief Technology Officer).

#Yardlink#construction rental#startup#funding#Speedinvest#construction equipment

Mike Butcher

Mike Butcher, who holds an M.B.E., previously served as Editor-at-large for TechCrunch. His writing has appeared in prominent British newspapers and magazines, and Wired UK has recognized him as a leading figure in the European technology sector. He is a frequent speaker at global events such as the World Economic Forum, Web Summit, and DLD. Throughout his career, he has conducted interviews with a diverse range of individuals, including Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, and Jimmy Wales, alongside numerous other prominent figures in technology and entertainment. Butcher is a consistent presence in broadcast media, providing commentary on BBC News, Sky News, CNBC, Channel 4, Al Jazeera, and Bloomberg. He has also contributed his expertise by advising both UK Prime Ministers and the Mayor of London regarding policies related to technology startups, and he has served as a judge on the UK edition of The Apprentice. GQ magazine once included him in its list of the 100 Most Connected Men in the UK. He co-founded TheEuropas.com, a platform showcasing the top 100 European startups, and is also involved with several non-profit organizations: Techfugees.com, TechVets.co, and Startup Coalition. In 2016, he received an MBE in the Queen’s Birthday Honours list in recognition of his contributions to the UK technology industry and journalism.
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Mike Butcher