Downstream raises $8M in Series A funding

Downstream, a Dallas-based equipment rental, waste management and site services marketplace, has raised $8 million in Series A funding co-led by Brick & Mortar Ventures and Moneta Ventures, with continued participation from FJ Labs and Victorum Capital.

As an all-in-one equipment rental, waste management and site services marketplace, Downstream says it allows contractors to manage procurement, bookings and payments with real-time pricing, transparent billing and a “mobile-first” experience. For suppliers, Downstream provides digital storefronts and tools to help streamline operations. The company says it aims to help waste haulers and suppliers strengthen their brand identities through these solutions.

“We are industry-obsessed, and this new capital allows us to grow our supplier partnerships while delivering modern tools that strengthen brands and optimize job sites,” Downstream CEO and co-founder Zach Irwin says. “Using Downstream Marketplace is like ordering a pizza—only instead you can get a boom lift, a dumpster and a portable toilet to your job site with just a few clicks.”

“We’re excited to partner with the Downstream team as they modernize how construction teams manage rentals and site services,” Brick & Mortar Ventures Partner Austin Yount says. “It’s a part of the industry that touches every job but has seen little innovation. Downstream’s platform brings much-needed structure and visibility to that work, helping contractors operate more efficiently and suppliers serve their customers better.”