MYCRANE secures Series A funding to drive next phase of growth

MYCRANE, the global online platform for efficient online hoist rentals, has secured a multi-million dollar investment to fund the next phase of its ambitious growth plans.

According to Andrei Geikalo, MYCRANE’s Founder and CEO, the significant cash infusion will fund expansion into key global markets such as the US and Saudi Arabia, where the company will set up its own offices.

The Dubai-based digital disruptor has received funding in a Series A funding round from private investors. The capital will also be used to accelerate sales and marketing activities around the world, as well as to strengthen operations in APAC and South Asia, where MYCRANE is already active.

Founded in 2021, MYCRANE caters to contractors and customers across multiple industries who need a quick and easy way to hire the lifting equipment they need. The free, easy-to-use online service eliminates the need to invest time and energy in contacting numerous potential suppliers offline.

In just 18 months, MYCRANE has already launched its service in key global markets, with technical development, sales and marketing carried out entirely in-house.

Mr. Geikalo commented, “The confidence our investors are placing in us will propel the next phase of MYCRANE’s growth over the next 18 months and is a validation of our vision to improve the crane rental procurement process, which was outdated and flawed prior to our launch was.” .

“This Series A funding marks a milestone in MYCRANE history. This will help expand our service to more global markets and allow us to continue to innovate for the crane and construction sectors.”

MYCRANE currently has more than 3,000 registered customers and more than 15,000 cranes available for rent on the platform.

Related Articles

Back to top button

Subscribe To Our Newsletter

Don't miss new updates on your email