Downstream secures $8M to expand construction services platform
Company also using funds to increase supplier network
Downstream, a digital marketplace for construction equipment rentals, waste management and site services, has raised $8 million in series A funding.
The round was co-led by Brick & Mortar Ventures and Moneta Ventures, with participation from FJ Labs and Victorum Capital, according to a Nov. 3 news release. Downstream plans to use the capital to expand its platform and supplier network while bringing modern digital tools to more job sites nationwide.
Downstream’s platform allows contractors to arrange rentals, waste hauling and site services online, offering instant pricing, digital payments and transparent billing. Suppliers use the platform to manage operations and build their brand presence through digital storefronts.
“We are industry-obsessed, and this new capital allows us to grow our supplier partnerships while delivering modern tools that strengthen brands and optimize job sites,” Downstream co-founder and chief executive Zach Irwin stated in the release. “Using Downstream marketplace is like ordering a pizza — only instead you can get a boom lift, a dumpster and a portable toilet to your job site with just a few clicks.”
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