Garage Raises $41M Series B for Equipment Marketplace

Freight belongs in the buying decision for a used fire engine. Garage brings that decision into a marketplace where a department can find equipment beyond its local contacts and arrange more of the work required to acquire it.

The New York company announced a $41M Series B on November 10, 2026, led by Invus Opportunities, with Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength and FJ Labs also named in the release. Co-founders Martin Hunt, CEO, and Alaz Sengul, CTO, plan to use the funding to accelerate hiring and expand Garage's heavy-duty business, including public works and sanitation.

Garage reports $60M in total capital raised and more than $100M in annual platform sales. Those figures describe different things: funding supports the company, while platform sales measure equipment transacted through its marketplace. The investment puts more resources behind a business whose usefulness depends on making a specialized purchase workable for both sides.

What Garage's Series B finances

Garage started with fire departments and has widened its catalog to include refuse vehicles, ambulances, sewer and vacuum equipment, and other heavy-duty assets. Its current website already lists these categories, so the new funding supports expansion within a broader operating footprint. Public works and sanitation are part of the company's stated direction, rather than categories readers should assume are being introduced for the first time.

The release names Invus Opportunities as lead investor. The announcement supplies the transaction's participants and intended use of capital, without disclosing a valuation, individual investor commitments or a detailed spending allocation.

Garage's earlier financing provides a useful historical marker. Latham & Watkins, which advised the company, confirmed a US$13.5M Series A led by Infinity Ventures in August 2025 and a then-total of US$18M. Garage now reports total capital of $60M. The announcements do not provide a complete bridge between those totals, so they should remain separately attributed figures rather than an invitation to manufacture an additional round.

Why the transaction needs more than a listing

A specialized vehicle sale brings several decisions together. A seller needs a defensible view of value and access to interested buyers; a buyer needs to understand the asset and the practical work of getting it into service. Garage offers services around that sequence, including appraisals, inspections, payments, paperwork, freight, warranty and financing. Their value lies in how they fit the purchase, rather than how many feature names fit on a page.

Garage's appraisal service describes valuations informed by completed transactions and current demand. It is offered free to the intended equipment owners, including fire departments, EMS agencies and municipalities. For a seller accustomed to a small local audience, information from a wider market can make the initial asking-price conversation more useful, even though an appraisal cannot promise the eventual sale price.

The freight service lets customers add transport at checkout and provide delivery details. That puts the cost and coordination of moving equipment closer to the purchase decision. A buyer several states away becomes a more practical counterparty when the vehicle's journey can be considered alongside the vehicle itself. This is the operating logic of Garage's full-transaction approach; individual outcomes still depend on the equipment and the terms of the sale.

The founders started inside the customer's problem

Martin Hunt's fire-service background gave Garage a specific place to begin. In the founders' first-person YC account, he describes departments turning to Facebook groups and word of mouth when selling equipment, then managing logistics and financing through separate providers. Hunt and Sengul met at Columbia, with Hunt later working at Goldman Sachs and Sengul bringing software experience from Twitter and MemAI.

That history helps explain the product's scope. Someone running a fire department already has a demanding primary job; selling an apparatus adds research, communication and coordination to it. Garage's proposition puts those tasks into the same commercial relationship, allowing the marketplace to compete on the work it can help finish after a buyer expresses interest.

The company's About page says more than 25,000 professionals at over 1,000 government agencies and essential-services businesses use Garage. These are company-reported adoption figures. They describe an audience with recurring equipment decisions, where a sale can connect an organization's surplus with another operator's requirements. Broadening that audience also means understanding different assets well enough for the surrounding services to remain useful.

Platform activity sets an agenda for the next categories

Garage's reported $100M platform-sales milestone establishes the scale of equipment trading the company says it supports. Current recruiting materials also describe annualized transaction volume, a reminder to read the figure as marketplace activity with a specified reporting basis, rather than as Garage's recognized revenue. The public announcement leaves the company's take rate, profitability and detailed financial statements undisclosed.

The expansion agenda is visible in the company's open roles, spanning engineering, sales, marketing, legal, operations and recruiting. Those functions reflect the breadth of running a marketplace around expensive physical assets. Hiring can extend the company's capacity, while entering more equipment categories requires a clearer understanding of what each buyer needs to know and what each seller is prepared to hand over.

For a public-works or sanitation operator, the useful promise is concrete: a wider equipment market, with more of the transaction organized around the purchase. Hunt and Sengul are taking Garage's fire-department experience into those relationships. The Series B gives that work additional funding as the catalog reaches more of the vehicles communities depend on between emergencies, through the routine routes and maintenance jobs that keep a town functioning.