Atlanta-based Quipli announced this week that it has raised $3.5 million from Boundless Venture Co., a venture studio based out of Oakland, Calif. The capital will be put towards expanding Quipli's technology.
"We have worked with Kyle Clements [Quipli founder and CEO] since Quipli was just an idea, and we couldn't be more excited to announce our continued support and partnership with him and the team," said Dan Saper, CEO of Boundless. "We found that customers in this market have been frustrated with legacy options and are ready for the next generation of software. The pain points are real and the opportunity is massive."
Quipli has exploded from zero to more than 100 equipment rental customers in just its first 18 months of existence, the company said, and continues to iterate quickly as it serves more and more upmarket customers.
"It's amazing what a modern technology platform can do, in terms of speed of new product releases,” said Clements. “Many customers were asking for a service & repair module in Q4, and we were able to deliver this feature in just a few weeks based on great feedback by our customer base."
Clements has been selected by the American Rental Association to headline its upcoming Future of Rental panel at the annual ARA Show on February 11th.
Court Kasten joined Quipli from Clutch Automotive and Sage Intacct as its chief operating officer in 2022 to help scale the business. "We added nearly 20 people to the team in the last year to keep up with demand and to continue to provide best-in-class customer support," said Kasten. "We're proud to offer free support and five-minute response times on emails during business hours."
Quipli has recently added several high-profile customers, including Arapahoe Rental, Haulotte, Sany, and Sonsray.
"Quipli is clearly leading the next generation of software in the equipment rental market," said Evan Moore, general manager of Arapahoe Rental, which runs nine locations across Colorado and Wyoming. "We hit many dead ends during our hunt for a fully web based rental management software with multi location capabilities and an integrated ecommerce website with real-time availability. We ran trials with multiple software vendors side-by-side for several months, and there was no comparison to Quipli's pace of development, and customer support. Quipli listens to our needs regularly and shows an excitement to develop requested features. The crew at Quipli has made Arapahoe Rental feel like a partnership and not just another customer."
