Antbuildz.com, the largest B2B equipment rental platform in Singapore, has announced it has raised $400k in seed funding exclusively to Marketing In Asia (M.I.A) to support its international expansion.
Key Takeaways:
- Antbuildz.com, the largest B2B equipment rental platform in Singapore, has secured $400k in seed funding to support its international expansion.
- The funding round was led by a European-based fund and included participation from Plug and Play, Farquhar Venture Capital, and several angel investors.
- Antbuildz.com currently has over 170 reputable rental partners onboard, offering more than 100 types of equipment categories.
- The 2022 rental transaction value has grown by more than 350% compared to 2021.
The $400k Funding Round
Antbuildz, a B2B equipment rental platform based in Singapore, has recently secured $400k in funding from a European-based fund, Plug and Play, Farquhar Venture Capital, and a local player. The company plans to use the funds to accelerate its product vertical expansion and establish its presence in Malaysia and Indonesia over the next two years. Antbuildz is the first online rental company to digitize the rental industry, worth over $100 billion in North America, continental Europe, and Southeast Asia. By doing so, the company aims to change the way people perceive rentals, offering a more modern and convenient experience for users.
Antbuildz.com’s Online Platform
Antbuildz.com’s online platform is a game-changer in the equipment rental industry, as it streamlines the traditional rental process by allowing and empowering users to search, compare and rent equipment with just a few clicks. The platform currently has close to 200 reputable rental partners onboard, offering more than 100 types of equipment across various categories. In 2022, the rental transaction value on the platform has grown by more than 350% compared to 2021.
The Potential for Growth
Antbuildz.com’s CEO and Co-Founder, Kek Hean Hooi, sees enormous potential for the platform’s growth, not only in Southeast Asia but globally. With the $400k funding round, Antbuildz.com plans to upgrade its IT infrastructure, hire more talent, and improve the user experience. The company aims to expand to Malaysia and Indonesia, and eventually, become the go-to platform for equipment rental in Southeast Asia. As a pioneer in the industry, Antbuildz.com is set to transform the rental industry and lead the way in digitization.
Antbuildz.com’s Plan with the Funding
With the new funding, Antbuildz.com is poised to make significant strides in the equipment rental industry. They plan to offer a modernised and convenient approach to equipment rental that meets the evolving needs of businesses. The company intends to use the funds to accelerate its product vertical expansion, establish its presence in Malaysia and Indonesia over the next two years, and support the digitalisation of the rental industry.
Antbuildz.com is creating the largest rental ecosystem with an innovative approach that is revolutionizing the equipment rental industry. The company is transforming the way people rent equipment, making it more convenient and accessible to transact. With its impressive online platform, reputable rental partners, and a huge potential for growth in Southeast Asia and beyond, the company is set to make significant strides in the industry, thanks to the recent $400k funding round.
About Antbuildz.com
Antbuildz.com is a B2B equipment rental platform in Singapore that has transformed the traditional way of renting equipment into just a few clicks. The platform streamlines the rental process, allowing users to rent equipment with ease. Currently, it has over 170 reputable rental partners onboard, offering more than 100 types of equipment categories. The 2022 rental transaction value has grown by more than 350% compared to 2021. The construction equipment rental sector in North America, continental Europe, and Southeast Asia is worth over $100 billion, but less than 1% of it has been digitised. Before the pandemic, the $7 billion Southeast Asian market had no online transactions.
