REBLOG: MIT Alumni group to lead RHC SPE’s investment into EquipmentShare

  • RHC’s SPE joins investors including Y Combinator, Insight Partners, Romulus Capital, Trifecta Capital and Sound Ventures in supporting EquipmentShare to drive the digital transformation of the construction industry.
  • RHC’s SPEs continue to co-invest with leading sources of capital such as Tiger Global, TPG Growth, and other capital sources in late-stage rounds into leading deals such as EquipmentShare, Varo Bank, Overtime Sports, Bright Insight, and other TBA investments.
  • RHC’s MIT Alumni group continues to source great deals allowing the RHC family of funds to co-invest in deals not available to an average accredited investor, family office, or even venture capital firms.

Sunday, March 21, 2021 – RHC’s SPE is pleased to announce their plans to co-invest through an SPV into EquipmentShare’s D round.   RHC has continued to create Special Purpose Entities (SPE) to allow its limited partners and Investor Network by JD’s members to co-invest in late stager deals.  This round will be led by our MIT alumni group with more than 4 investments through our SPEs into later stage rounds led by major tier one venture capital firms.

JD Morris, spokesperson for Red Hook Capital’s family of SPEs and SPVs said:

The 2021 first quarter has been an amazing start, co-investing with top sources capital such as Tiger Global, TPG Growth and other sources of amazing capital.   Our investment in EquipmentShare, Varo Money, Overtime Sports, BrightInsight, FortifID, and other amazing deals continue to allow our investors access to deals closed to other investors or even top venture capital firms. 

Red Hook Capital’s SPE joins investors including Y Combinator, Insight Partners, Romulus Capital, Trifecta Capital, Sound Ventures and other sources of capital in supporting EquipmentShare to drive the digital transformation of the construction industry.

EquipmentShare is dedicated to helping contractors with technology-enabled services that impact contractors’ bottom line. EquipmentShare enables the measurement of the construction environment with its Track technology. This data is used to provide insight and control over a historically chaotic environment that is in desperate need of this holistic solution. 

ENDS