# Gearflow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gearflow

- Industry: Internet
- Headquarters: Chicago, US
- Website: www.gearflow.com
- Total disclosed funding: $11M
- Latest round: Seed (Aug 30, 2022)
- Investors on record: 10

## About

Gearflow, Inc. is a cloud-based procurement platform dedicated to enhancing procurement logistics for construction fleet management, optimizing parts management and operational workflows for clients in the construction industry.Founded in 2018 and headquartered in Chicago, US, Gearflow, Inc. specializes in cloud-based solutions for the construction sector. The company has successfully completed 3 deals, with the most recent occurring on August 30, 2022. Gearflow secured USD 5.52 mn in Seed funding, led by Brick & Mortar Ventures, with participation from Alumni Ventures Group and other investors. The company was founded by Ben Preston and Luke Powers, with Luke Powers currently serving as CEO.Gearflow specializes in a cloud-based procurement platform, designed specifically for construction fleet management, enabling efficient parts management and streamlined operations. The core product, Parts Hub Pro, allows users to access parts information, track orders, and coordinate with team members and vendors from mobile devices. This platform significantly reduces fulfillment times, enhancing the efficiency of technicians and fleet managers in handling equipment maintenance. The target clientele includes construction fleets, vendors, and inventory control specialists, particularly in North America, with partnerships that include Ajax Paving Industries of Florida.Gearflow generates revenue primarily through subscription-based models associated with its Parts Hub Pro and related services. Clients subscribe to a comprehensive dashboard that streamlines their parts procurement process, leading to operational savings and improved productivity. Although specific pricing details for subscriptions are not disclosed, the platform is designed to optimize fleet management processes while providing substantial savings on parts expenditure and time efficiency.In August 2022, Gearflow, Inc. raised USD 5.52 mn in Seed funding to further develop its market offering. The company plans to leverage this funding to enhance its existing services and potentially introduce new products aimed at improving procurement efficiencies. Additionally, Gearflow is exploring opportunities to expand its reach into new geographic markets, focusing on regions that could benefit from enhanced fleet management solutions.

## Funding rounds

- Seed, Aug 30, 2022, $5.5M — Alumni Ventures Group, Liquid 2 Ventures, NVP Capital, Brick & Mortar Ventures, Watchfire Ventures
- Seed, May 26, 2021, $4.8M — CNH America Pension Plan, Harvard Business School Alumni Angels, Liquid 2 Ventures, NVP Capital, Watchfire Ventures, Path Ventures
- Seed, Oct 15, 2019, $1.1M — Annabelle, LLC, Chicago Early Growth Ventures

## Investors

- Annabelle, LLC — Seed
- Chicago Early Growth Ventures (https://capitalatlas.ai/funds/chicago-early-growth-ventures) — Seed
- CNH America Pension Plan — Seed
- Harvard Business School Alumni Angels — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- NVP Capital — Seed
- Watchfire Ventures (https://capitalatlas.ai/funds/watchfire-ventures) — Seed
- Path Ventures (https://capitalatlas.ai/funds/path-ventures) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Seed