We are thrilled to announce today the close of our Series A funding led by Cottonwood Venture Partners ("CVP"), a growth equity firm that partners with technology companies providing digital solutions for the energy industry.
We founded Hitched in 2018 to provide rental and service companies with the capability of hosting, chartering, and managing equipment, all in an intuitive, centralized platform. The Series A financing allows us to accelerate our product development, enhance the customer experience, and continue to reinvent the industrial rental marketplace.
"It is encouraging to see the support and excitement from CVP. With this Series A funding, we plan to continue to shake things up in the oil & gas, construction, and industrial industries."
- Adam Gilles, Hitched Founder and CEO
"We're delighted to partner with the Hitched team. The industrial rental segment is incredibly opaque and riddled with inefficiencies. The Hitched platform provides both a transparent marketplace and an important management tool that allows both the renter and rentee to optimize rental inventory."
- Ryan Gurney, Managing Partner of CVP