Wilmington startup Kwipped raises $1.3 million from 33 investors

WILMINGTON – Kwipped, a B2B startup focusing on equipment rentals, raised $1.3 million in private stock and debt offering.

The money came from 33 investors, according to the recent SEC filing.

The filing did not disclose how the firm plans to use the funds.

Founded by CEO Robert Preville, Kwipped is an online marketing offering B2B equipment rental, leasing and lease-to-own options through a large network of suppliers.

There are over 15,000 products and $150 million in assets from 27 industries available for rent or lease, according to its website.

Preville has founded a number of other companies in the B2B arena, is the co-owner of the Greater Wilmington Business Journal and is an active angel investor via IMAF Cape Fear.