Dozr Raises $1.9 Million to Become an Airbnb for Earthmoving Equipment

A startup called Dozr Inc. has raised CAN $2.5 million (or $1.9 million USD) in seed funding to help contractors rent heavy industrial equipment from other construction professionals who have it, but aren’t using it.

Based in Kitchener, Ontario, Dozr’s marketplace lets builders rent equipment, like excavators, skid steers or one day drones and industrial robotics, either alone, or with a licensed operator who can run it for the duration of a given job.

Dozr launched in 2015 and has already amassed more than 2,000 customers and listed more than $50 million worth of equipment on its marketplace.

Dozr’s seed investment was led solely by Fair Ventures, an investment and innovation unit within Fairfax Financial Holdings Ltd.

For more about Dozr...