# Garage Raises $41 Million Series B to Expand AI Equipment Marketplace

> Garage raised a $41 million Series B led by Invus Opportunities, bringing total capital to $60 million as annual platform sales pass $100 million.

- Published: 2026-11-10T22:17:01+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-10/garage-series-b-invus-opportunities
- Source: [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)

## 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.

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.

## Garage's Series B and Expansion Plans

[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.

Bryan 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.

Martin 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.

[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%.

## Garage's Earlier Funding Rounds

According 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.

| Round | Date | Amount | Lead investor |
|---|---|---|---|
| Pre-seed | April 2024 | $500,000 | Y Combinator |
| Seed | May 2025 | $4.5 million | Initialized Capital |
| Series A | August 2025 | $13.5 million | Infinity Ventures |
| Series B | November 2026 | $41 million | Invus Opportunities |

The 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.

## Garage's Next Steps After the Series B

The 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.

## Companies in this story

- [Garage company profile](https://akta.pro/company-profiles/00006oc/garage) · website: https://www.shopgarage.com
- [Invus Opportunities company profile](https://akta.pro/company-profiles/0007nuk/invus-opportunities) · website: https://www.invus.com/invus-opportunities
- [Initialized Capital company profile](https://akta.pro/company-profiles/000063q/initialized-capital) · website: http://www.initialized.com

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