Silicon Valley graduate, Getable was featured on TechCrunch this week after raising a $1.8 million round from Andreessen Horowitz, Founder Collective, Promus Ventures and Chris Sacca of Lowercase Capital. This latest investment marks the second round of funding for this San Francisco-based startup, bringing their total to $3.2 million.
Originally known as Rentcycle, the company recently changed its name and its focus. What started as a mission to bring the rental industry online has since shifted to a much narrower, yet rapidly growing rental market: tools and equipment. The $32 billion construction market is expected to reach $46 billion by 2016, and beyond that should only get bigger.
With the newly raised round, Getable plans to expand the team and continue building its new mobile product for contractors. Plans for their new IOS app includes both onsite and offsite management tools for contractors, such as making reservations, requesting service and maintenance, pick up and drop off scheduling, and insight into what’s happening on the job site in realtime.
Rip Emerson of TechCrunch covered the story in the article “With $1.8M From Andreessen, Chris Sacca & More, Rental Marketplace Getable Digs Into the $32B Construction Market”. To learn more about Getable and their new app, be sure to check out Rip’s detailed account of Getables plans on TechCrunch.
Getable is a graduate of the Silicon Valley Founder Institute, which is currently accepting applications for the Spring Semester. If you could benefit from expert training and feedback to launch a tech startup in Silicon Valley, click here to learn more and apply today. Applications must be received by Sunday, March 17th at 11:59pm PST for consideration for the 4 month Spring Semester.