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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.

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About EquipNet

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

Industries

Data & AnalyticsIndustrial & ManufacturingEnterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$6.2M

Headquarters

Canton, MA

Founded

1999

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Simplify's take

What believers are saying

  • EquipNet celebrated 25 years in June 2026, signaling durable buyer and seller relationships.
  • October 2026 blog posts target uptime, valuations, and redeployment, reinforcing high-intent demand.
  • Certified pre-owned Agilent listings expand inventory for cautious pharma and biotech buyers.

What critics are saying

  • Agilent's certified pre-owned program disintermediates EquipNet's marketplace by 2027.
  • US Lab Partners partnership shifts advisory revenue away from EquipNet's fee stack.
  • OEM-direct resale turns EquipNet into a commoditized distribution layer.

What makes EquipNet unique

  • EquipNet spans auctions, direct sales, and recovery services across regulated life-science plants.
  • Its June 2026 US Lab Partners deal ties equipment resale to lab operations.
  • Agilent's 2024 certified-pre-owned agreement adds OEM-backed trust to secondary instruments.

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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
$30M
$45M
$65M
$100M

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

6 month growth

0%

1 year growth

1%

2 year growth

2%
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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