Toolots, an e-commerce platform for industrial equipment, landed a $3 million investment from Decathlon Capital Partners to accelerate growth. The revenue-based investment package will support Toolots’ continued expansion of products and inventories.

“With nearly 3,000 merchants across the globe relying on Toolots’ platform to meet the needs of more than 50,000 customers, Toolots clearly has demonstrated the superior value proposition of a direct sales e-commerce model for industrial equipment,” Jason Fu, founder and CEO of Toolots, said. “Toolots has been rapidly adding new merchants and new product lines, allowing our company to provide unrivaled product selection and availability, timely delivery and after sale support, all with extremely competitive pricing.”

“Toolots has successfully built relationships in industrial equipment verticals ranging from material handling to laboratory equipment and metal machine tools,” Kevin Grossman, vice president of Decathlon Capital Partners, said. “These relationships, in combination with the knowledge of Toolots’ staff and its U.S. distribution facilities, position the company to create new marketplace efficiencies. Manufacturers and customers alike benefit from the highly innovative Toolots platform.”

The investment is a revenue-based finance arrangement, meaning no equity or ownership was exchanged for growth capital. Instead, the investment will be repaid through Toolots’ future revenue.

Founded in 2016, Toolots is headquartered in Cerritos, CA.