Mycrane secures major funding to power US, Saudi expansion

Mycrane secures major funding to power US, Saudi expansion

Saudi Arabia - Mycrane, the global online platform for the efficient online rental of lifting equipment, said it has secured a multi-million dollar sum to fund the next phase of its ambitious growth plans. Established in 2021, Mycrane is designed for contractors and clients in a variety of industries who can quickly and easily rent the lifting equipment they need. The free, easy-to-use online service negates the need to invest time and energy making offline contact with numerous potential suppliers. According to Mycrane founder and CEO Andrei Geikalo, the substantial financial injection will fund expansion in critical global markets including the US and Saudi Arabia, where the company will establish its own operations. The Dubai-based digital disruptor for cranes and construction sector raised the finance from private investors as part of a Series A funding round. The capital will also be deployed to accelerate sales and marketing activities around the world, as well as boosting operations in APAC and South Asia, where Mycrane is already active. In just 18 months, Mycrane has already launched its service in key global markets, with technical development, sales and marketing all performed in-house, it added. Geikalo said: "The trust placed in us by our