Gearflow wins the Mid-Continent Startup Challenge
Gearflow.com, aiming to provide a transparent market for construction equipment parts, won the Mid-Continent Startup Challenge at the BuildWorlds 2021 Construction Tech Conference.
The competition recognizes the best early-stage construction tech startup based in a U.S. metropolitan area other than the East and West Coasts. Three finalists presented during the event.
Luke Powers, Founder and CEO of Gearflow, showcased Gearflow’s Marketplace Platform during the challenge, which is designed to reduce equipment downtime by allowing fleet owners to quickly purchase the parts they have. need from known suppliers.
âThere is a distinct opportunity for digital technology to accelerate the work in the field – especially when it comes to equipment and tools – to positively influence the profit margins of entrepreneurs and the solutions that Gearflow is building to elevate the market. supply chain and its service relationships will do just that, âsays Powers.
The start-up challenge judges included Weston Tanner, director of construction technology and innovation at Graycor; Chris Wright, director of operations support at Nabholz; and Tomislav Zigo, CTO at Clayco. The finalists’ presentations were graded on Value Proposition, Market Opportunity and Strategy, Leadership, Technology and Competition.
âGearflow is aimed at an underserved market with untapped potential,â explains Wright, explaining why he selected Gearflow as a winner. “All that remains is to execute their strategy.”
Last month, Gearflow secured $ 3 million in seed funding from Watchfire Ventures, and CNH Industrial announced it will use the Gearflow platform in its existing dealer ecosystem.