# Aucto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aucto

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.aucto.com
- Total disclosed funding: $8.9M
- Latest round: Series A (Oct 1, 2023)
- Investors on record: 3

## About

Based in California, US, and founded in 2015, Aucto Inc. operates as an enterprise platform that enables organizations to recover and manage capital from surplus assets. The company was founded by its current CEO Jamil Rahman. In September 2021, the company raised USD 3.7 million in seed funding led by its new investor NFX, with participation from new investor Motivate Venture Capital and individual investor Jack Greco.

The company's platform manages the buying and selling of industrial surplus assets. It connects buyers with sellers directly, which allows both domestic and international buyers to find, bid on, and purchase machinery, equipment, materials, and parts from government and private sellers.

The seed funding will allow Aucto Inc. to maintain and expand its growth.

## Funding rounds

- Series A, Oct 1, 2023, $5.2M — BIP Ventures
- Seed, Mar 31, 2021, $3.7M — NFX, Motivate Venture Capital

## Investors

- NFX (https://capitalatlas.ai/funds/nfx) — Seed
- Motivate Venture Capital (https://capitalatlas.ai/funds/motivate-venture-capital) — Seed
- BIP Ventures (https://capitalatlas.ai/funds/bip-ventures) — Series A