KitSplit operates an online rental marketplace that lets creators rent and lend production gear such as cameras, lights, lenses, VR equipment and drones. The platform offers lower-cost rentals (CEO Lisbeth Kaufman estimated 30–50% cheaper than traditional rentals) and provides owners a way to monetize idle equipment. KitSplit has grown from 5,000 to 30,000 members and counts customers including NBC, Vox and National Geographic. The company has expanded via acquisition (CameraLends) and offers insurance options, a concierge service for logistics, and events as early product extensions. Leadership (CEO Lisbeth Kaufman and president Kristina Budelis) say the firm is focused on NYC and Los Angeles while serving renters across the United States. Long-term plans include becoming a one-stop shop for content creators and “reimagining the Hollywood production studio as a local marketplace.” KitSplit operates a peer-to-peer marketplace that lets creative professionals rent video and media equipment from other professionals and existing rental companies. The platform covers basic to high-tech gear such as 360-degree cameras and the Oculus Rift, and it integrates insurance purchase and delivery into the rental process. Owners of expensive equipment can list items to earn income when they are not using them. The service launched last year in New York and is expanding to Washington, D.C., with planned rollouts in Philadelphia and Boston. KitSplit has more than 5,000 members and listings representing $40 million worth of equipment. The company is deepening partnerships with media companies and aims to democratize access to film equipment.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Feb 2018