- Quipli recently announced it raised $3.5 million. These are the details.
Quipli – an Atlanta-based company that is becoming a market leader of software in the $60 billion equipment rental market – announced that it raised $3.5 million from Boundless Venture Co – which is a venture studio based out of Oakland, CA.
The funding will be used for expanding Quipli’s cutting-edge technology and ensuring that it continues to deliver the best equipment rental management solution to its customers.
Quipli surged from 0 to over 100 equipment rental customers in just its first 18 months of existence and continues to iterate quickly as it serves more and more upmarket customers. And Quipli has recently added several high-profile customers, including Arapahoe, Haulotte, SANY, and Sonsray.
KEY QUOTES:
“We have worked with Kyle Clements (Quipli founder and CEO) since Quipli was just an idea, and we couldn’t be more excited to announce our continued support and partnership with him and the team. We found that customers in this market have been frustrated with legacy options and are ready for the next generation of software. The pain points are real and the opportunity is massive.”
— Dan Saper, CEO of Boundless
“It’s amazing what a modern technology platform can do, in terms of speed of new product releases. Many customers were asking for a Service & Repair module in Q4, and we were able to deliver this feature in just a few weeks based on great feedback by our customer base.”
— Kyle Clements (Quipli founder and CEO)
“Quipli is clearly leading the next generation of software in the equipment rental market. We hit many dead ends during our hunt for a fully web based rental management software with multi location capabilities and an integrated ecommerce website with real time availability. We ran trials with multiple software vendors side-by-side for several months, and there was no comparison to Quipli’s pace of development, and customer support. Quipli listens to our needs regularly and shows an excitement to develop requested features. The crew at Quipli has made Arapahoe Rental feel like a partnership and not just another Customer.”
— Evan Moore, General Manager of Arapahoe Rental, which runs nine locations across Colorado and Wyoming
“We added nearly 20 people to the team in the last year to keep up with demand and to continue to provide best-in-class customer support. We’re proud to offer free support and 5-minute response times on emails during business hours.”
— Court Kasten – who joined Quipli from Clutch Automotive and Sage Intacct as its COO in 2022 to help scale the business.
