{"url":"https://newsforagent.com/news/2026-11-10/garage-series-b-invus-opportunities","markdown_url":"https://newsforagent.com/news/2026-11-10/garage-series-b-invus-opportunities.md","title":"Garage Raises $41 Million Series B Led by Invus","headline":"Garage Raises $41 Million Series B to Expand AI Equipment Marketplace","description":"Garage raised a $41 million Series B led by Invus Opportunities, bringing total capital to $60 million as annual platform sales pass $100 million.","section":"Funding","published_at":"2026-11-10T22:17:01+00:00","modified_at":"2026-11-10T22:17:01+00:00","author":"News Desk","key_takeaways":["Garage raised $41 million in Series B funding led by Invus Opportunities, with Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength and FJ Labs participating.","The round brings Garage's total capital raised to $60 million, and the company plans to hire and expand into public works and sanitation.","Garage serves more than 1,000 communities across all 50 states and Canada and has crossed $100 million in annual platform sales."],"companies":[{"name":"Garage","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00006oc/garage","website":"https://www.shopgarage.com"},{"name":"Invus Opportunities","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0007nuk/invus-opportunities","website":"https://www.invus.com/invus-opportunities"},{"name":"Initialized Capital","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000063q/initialized-capital","website":"http://www.initialized.com"}],"source":{"publisher":"PR Newswire","title":"Garage Raises $41M Series B to Scale AI-Powered Marketplace for America's Essential Equipment, Surpassing $100M in Annual Platform Sales","url":"https://www.prnewswire.com/news-releases/garage-raises-41m-series-b-to-scale-ai-powered-marketplace-for-americas-essential-equipment-surpassing-100m-in-annual-platform-sales-302935598.html"},"other_sources":[{"publisher":"Fortune","url":"https://fortune.com/2026/11/10/garage-used-fire-trucks-martin-hunt-funding/"}],"tags":["Funding","Garage","Invus Opportunities","Initialized Capital"],"body_markdown":"Garage raised $41 million in Series B funding led by Invus Opportunities, with Infinity Ventures, [Initialized Capital](https://akta.pro/company-profiles/000063q/initialized-capital), Y Combinator, Benchstrength and FJ Labs participating. [PR Newswire](https://www.prnewswire.com/news-releases/garage-raises-41m-series-b-to-scale-ai-powered-marketplace-for-americas-essential-equipment-surpassing-100m-in-annual-platform-sales-302935598.html) said the round brings the company's total capital raised to $60 million. The AI-powered marketplace for essential equipment has surpassed $100 million in annual platform sales.\n\n## Garage's Series B and Expansion Plans\n\n[Garage](https://akta.pro/company-profiles/00006oc/garage) plans to use the proceeds to accelerate hiring and expand into new heavy-duty verticals, including public works and sanitation. The company serves more than 1,000 communities in all 50 states and Canada, and it has saved municipalities an estimated $100 million or more through higher surplus asset recovery values and procurement of pre-owned assets.\n\nBryan Kim, a partner at [Invus Opportunities](https://akta.pro/company-profiles/0007nuk/invus-opportunities), said in the release: \"Garage is digitizing a massive, trillion-dollar secondary market that has been entirely overlooked by modern technology.\" Kim added that reaching $100 million in annual sales with zero logistics employees reflects the platform's AI-driven model.\n\nMartin Hunt, co-founder and CEO, said: \"An extra million dollars has a real impact on a community. Those funds can be reinvested in schools, roads, and local employees without increasing the burden on taxpayers.\" Hunt founded Garage with CTO Alaz Sengul after working as a firefighter and EMT and at Goldman Sachs. The platform recently crossed $100 million in annual platform sales with over 400% year-over-year growth.\n\n[Fortune](https://fortune.com/2026/11/10/garage-used-fire-trucks-martin-hunt-funding/) reported that the Series B values Garage at $225 million. The release describes a new fire truck costing as much as $2 million, while a high-quality used truck on Garage costs approximately $150,000, a reduction of more than 90%.\n\n## Garage's Earlier Funding Rounds\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Garage closed a $13.5 million Series A in August 2025 led by Infinity Ventures with participation from Y Combinator, Initialized Capital, Benchstrength, Wayfinder Ventures and FJ Labs. The same records list a $4.5 million seed round in May 2025 led by Initialized Capital and a $500,000 pre-seed round in April 2024 led by Y Combinator.\n\n| Round | Date | Amount | Lead investor |\n|---|---|---|---|\n| Pre-seed | April 2024 | $500,000 | Y Combinator |\n| Seed | May 2025 | $4.5 million | Initialized Capital |\n| Series A | August 2025 | $13.5 million | Infinity Ventures |\n| Series B | November 2026 | $41 million | Invus Opportunities |\n\nThe same records show a Form D filed in March 2026 for a $17.8 million exempt securities offering under Rule 506(b) with 23 investors.\n\n## Garage's Next Steps After the Series B\n\nThe release states that municipalities and essential services businesses can buy or sell equipment on the platform at [shopgarage.com](https://www.shopgarage.com). Garage said the new capital will accelerate hiring and its expansion into public works and sanitation.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}