Heave, a platform that connects construction companies with on-demand heavy equipment mechanics, has announced a $7 million Series A funding round led by Outsiders Fund. This brings their total funding to $13 million, with continued support from FJ Labs, Long Journey Ventures, and Slow Ventures.
The company operates similarly to Uber but for heavy equipment repair, aiming to solve a significant issue in construction: equipment downtime. By providing access to certified and vetted mobile mechanics, Heave helps keep construction machinery running smoothly and projects on schedule. Currently, the platform services over 600 machines each month and has a network of more than 300 active mechanics out of a total pool of 850 nationwide.
Heave was founded by Alex Kraft, a former dealership executive who experienced firsthand the slow and costly nature of traditional service models. His goal was to create a system that was faster, more affordable, and tailored to the needs of job sites. The company has established itself as a major player in Florida and Texas and is rapidly expanding across Atlanta, Charlotte, and Nashville, regions with high construction activity and machinery use.
The team comprises 21 members working under a fully 1099 mechanic model. This setup provides flexible work opportunities for experienced technicians while meeting the urgent demands of contractors and site operators.
On the customer side, businesses can get technicians on-site in less than 24 hours, a significant improvement over waiting days or weeks. Additionally, Heave’s brand-agnostic approach allows them to service multiple equipment brands simultaneously. For technicians, the platform offers life-changing earning potential, with some seeing a 600% increase in income.
Demand for heavy equipment maintenance is strong, and Heave is positioning itself to meet this growing need effectively.
How the funding will be used: The funding will be utilized to expand into new markets, acquire additional customers, and expand the team.
KEY QUOTES:
“Heavy equipment is the lifeblood of the American construction economy, and downtime is a $1,000-per-hour problem for these businesses. This funding gives us the fuel to expand faster and deliver even more value to contractors who rely on us to keep their projects moving. We’re not just speeding up repairs, we’re redefining how this entire industry operates.”
Alex Kraft, founder and CEO of Heave
“Alex and the team at Heave are seeing incredible early success in a highly complicated and fragmented market. Their thoughtful approach to solving the logistical and monetary pain of heavy equipment dealer service is positioning them to be a category-defining leader in construction tech.”
George Easley, Partner at Outsiders Fund
