EquipNet

EquipNet

Global marketplace for pre-owned industrial equipment

Overview

EquipNet operates a global marketplace for buying and selling pre-owned industrial equipment. It serves industries such as pharmaceutical, biotech, chemical, consumer packaged goods, and personal care. The platform enables transactions through auctions, direct sales, and investment recovery services, with users able to list equipment and buyers able to bid or purchase. Additional offerings include asset management and equipment valuation. The company differentiates itself by providing a centralized, scalable marketplace focused on used industrial assets, along with services that help companies manage and monetize their inventories. A key goal is to extend the life of equipment and reduce waste by facilitating reuse, supporting sustainability while generating revenue from listing fees, transaction commissions, and related services.

About EquipNet

Simplify's Rating
Why EquipNet is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$6.2M

Headquarters

Canton, Massachusetts

Founded

1999

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Simplify's Take

What believers are saying

  • EquipNet’s blog and site were updated in 2025, signaling active commercial push.
  • Marc Swirsky joined in 2024 to deepen industrial auctions and liquidation execution.
  • Agilent-backed instruments, priced $14,000 to $85,000, expand higher-trust transaction volume.

What critics are saying

  • Agilent can route certified pre-owned sales elsewhere if terms sour in 2026.
  • Industrial resale margins depend on auction velocity; slow demand traps capital and inventory.
  • A larger rival could replicate EquipNet’s marketplace, eroding fees and seller relationships.

What makes EquipNet unique

  • EquipNet runs SmartAuctions™, live/webcast, and sealed-bid sales from one marketplace.
  • Agilent’s 2024 certified pre-owned reseller deal gives EquipNet OEM-backed lab inventory.
  • Its circular-economy positioning fits regulated pharma, biotech, and chemicals buyers.

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Funding

Total Funding

$6.2M

Below

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$1.7M
EquipNet
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Professional Development Budget

Training Programs

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

1%
PharmTech
Oct 23rd, 2024
EquipNet, Agilent Enter Reseller Agreement for Certified Pre-Owned Instruments

EquipNet, a leading provider of surplus asset management solutions based in Canton, Mass., has announced in a press release that it has entered a reseller agreement with California-based Agilent Technologies to support the sale of select certified, pre-owned instruments (1).

Citybiz
Jun 2nd, 2024
Marc Swirsky Joins EquipNet as Managing Director, Industrial

Marc Swirsky joins EquipNet as Managing Director, industrial.

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