BoxedUp brings the sharing economy to high-end video production
source link: https://finance.yahoo.com/news/boxedup-brings-sharing-economy-high-131608516.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
BoxedUp brings the sharing economy to high-end video production
The cameras, lenses, and lighting equipment to shoot even a relatively modest production can cost in the millions of dollars. Rental is often the name of the game, but the latticework of mom-and-pop equipment rentals can be hard to navigate. BoxedUp takes a fresh look at the space, creating a rental marketplace -- a Turo or Airbnb for video equipment if you will -- where equipment owners can offer up their gear for rent.
The company's model works by aggregating listings from individual owners, local rental shops, and manufacturers, giving content creators access to equipment, and owners a national platform to earn money on gear. For now, the company focuses on the US only, but the investment will enable an upgrade of fulfillment capabilities, enabling BoxedUp to offer same-day delivery in key markets.
“With this funding, BoxedUp can focus on expanding the capabilities of our platform, enabling us to better serve our customers, brands, and local rental shops throughout the United States,” says Donald Boone, CEO and founder at BoxedUp said of the funding round. The company recently closed $2.3m, with money from Slauson & Co, Collab Capital, Black Capital, and Outlander VC. . “We plan to build on this opportunity and grow our team, bringing on additional engineering talent, and operational expertise.”
"The BoxedUp team is perfectly positioned to meet content creators where they are without the burden of equipment ownership and logistics while providing equipment owners a way to easily monetize their underutilized inventory,” Ajay Relan, Managing Partner at Slauson & Co, explains the thinking behind the investment. "We're excited for this intersection of the creator and shared economies and looking forward to supporting the vision and expansion of the platform."
The company originally started as a rental company focusing on camera kits aimed at video conferences, virtual events, and similar use cases.
Recommend
-
5
Stock Futures Hit All Time High on Red Hot Economy – TrustnodesS&P 500 futures have risen to a new all time high today as bullishness returns to stock markets following some very positive economic data. Manufacturing last month...
-
3
Monday, June 28, 2021 Seven High Frequency Indicators for the Economy by Calculated Risk on 6/28/2021 08:15:...
-
4
CNBC Disruptor 50Airbnb survived Covid, but the crisis mode in “sharing” economy staysPublished Thu, Feb 3 20225:30 PM ESTUpdated Thu, Feb 3 20...
-
4
@Ishan PandeyIshan PandeyCrypto Veteran. Tokenization, DeFi and Security Tokens - Blockchain.
-
4
Worker-Owned Apps Are Redefining the Sharing Economy As Uber and its ilk face high prices, increased regulation, and labor shortages, a new cooperative model is thriving.
-
3
October 24, 2022 ...
-
5
On-Demand Tailoring Brings the Gig Economy to Your WardrobeA London-based startup is networking seamsters with the goal of personalizing fit and making garments last longer.
-
5
January 31, 2023 ...
-
10
Is 'the sharing economy' a misnomer? by Benjamin Kessler,
-
1
Support is great. Feedback is even better."Thank you for checking out our launch. Your feedback is valuable to us. Please let us know if you have any thought in your mind to improve this product."
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK