Initialized Capital has led Garage's seed round and participated in a subsequent Series A, securing $18M in total funding to modernize the procurement process of essential public safety equipment.

Target Information

Garage is an innovative, AI-powered marketplace designed to modernize the buying and selling process of essential equipment for local governments and public safety departments in America. With co-founders Martin Hunt and Alaz Sengul at the helm, Garage aims to address the long-standing inefficiencies in this sector by providing a centralized platform for transactions that have historically taken place through outdated regional auctions or informal channels.

Martin's personal journey as a volunteer firefighter, coupled with Alaz's technical expertise, uniquely positions the duo to revolutionize these workflows. They’ve identified that the U.S. hosts over 27,000 fire departments, many hampered by budget constraints, and recognize the critical importance of timely access to vital equipment such as fire trucks, which can cost from $500,000 to $1,000,000.

Industry Overview

The public safety sector in the United States is pivotal to community wellbeing, yet the procurement processes for fire and emergency response equipment remain antiquated