While Yard Club started out as an equipment sharing company, it has shifted some focus to management tools for those renting or leasing equipment, including maintenance, scheduling and inspection-related functions. Still, according to the company, its platform handled $120 million in transactions in 2016, representing 2,500 contractors and rental companies.
One of Yard Club’s major competitors, EquipmentShare, has raised nearly $34 million in investments to date. Some have called the company the “Airbnb for construction” because of equipment owners’ ability to make money on their equipment during down time and also because users can reportedly rent that equipment at below-market rates.
