Press Release: KWIPPED Selected for Silicon Valley Pitch Contest

FOR IMMEDIATE RELEASE

May 23, 2018

Contact: Robin Salter | 910-350-3203 | [email protected]

Wilmington, NCKWIPPED Inc., a Wilmington, NC-based tech startup, has been selected to participate in a prestigious Silicon Valley startup pitch contest in Mountain View, CA. The pitch contest is the flagship event of the Silicon Valley Open Doors Top International Startup Investment Conference (SVOD) being held May 30-31, 2018. SVOD Co-Chair, Stas Khirman, confirmed that out of more than 400 applications from startups around the world, KWIPPED was 1 of 39 startups selected for the SVOD Pitch Contest on the main stage at the conference. Selection criteria included: seed stage, series A and pre-series B companies. KWIPPED has raised about $1 million in seed capital from various angel and VC investors.

KWIPPED, which began operations in the spring of 2015, is an online B2B equipment rental and leasing marketplace. KWIPPED’s web platform enables businesses, professionals and other organizations to rent and lease a wide range of specialized equipment from a large network of equipment suppliers. The company currently facilitates rentals and leases in more than 900 equipment categories spanning 30+ industry verticals including: laboratory, medical, electronic test, environmental, power utility, construction, audio-visual, restaurant and land surveying.

According to KWIPPED Founder and CEO, Robert Preville, “Silicon Valley is the Mecca of tech startups and there will be hundreds of angel investors and VCs attending, including some very well known firms. Being selected to spotlight our business on stage in front of them us a huge opportunity, and we’re confident they’re going to see incredible value and potential in what we’re doing as a company.”

When asked what problem his company was solving, Preville responded, “Businesses in every sector need all kinds of equipment for all kinds of work applications and purchasing is often not preferred or possible. But, finding reliable suppliers that are willing and able to rent or lease highly specialized equipment can be difficult and time consuming. We’re using a technology platform and 2-sided marketplace model to transform a cumbersome sourcing process that took days or weeks, into a simple task that takes minutes.”

KWIPPED has already acquired approximately 7,000 registered business customers including well known organizations like: Apple, SpaceX, GE, The US Navy, Boeing, Wal-Mart, Coca-Cola, major hospitals, and more than 180 Universities including research giants like: Harvard, Stanford, Yale and MIT. KWIPPED is also a past finalist in the NCIDEA and Charlotte Venture Challenge pitch competitions.

Interestingly, the 2017 winner of the SVOD Pitch Contest was Raleigh, NC-based startup, PRSONAS, which offers virtual hologram technology.

About KWIPPED

KWIPPED, Inc. developed and maintains the world’s first comprehensive B2B online rental and leasing marketplace. KWIPPED enables businesses and organizations to locate equipment for virtually any commercial application, compare options and prices from competing suppliers, and execute rentals and leases—all online with unprecedented efficiency. KWIPPED’s worldwide headquarters is located in Wilmington, NC. For more information, call 800.273.8404 or visit www.KWIPPED.com.