IronPlanet
Latest round
- Series E
Last raised
- Aug 2016
Total raised
- $91M
Investors
- 8
About IronPlanet
IronPlanet, Inc.Founded in 1999 and headquartered in Pleasanton, California, IronPlanet, Inc. operates in the heavy equipment sector, specializing in an auction platform for used machinery. In August 2016, Ritchie Bros.5 mn, a deal completed in May 2017. The company has completed 13 different deals to date.IronPlanet specializes in the sale of used heavy construction equipment and trucks, providing a comprehensive marketplace where customers can browse thousands of affordable alternatives to new machinery. This ensures buyers receive reliable information about equipment conditions, facilitating informed purchasing decisions. IronPlanet serves a diverse client base, including construction companies, government agencies, and agricultural businesses across North America, Europe, the Middle East, and Asia-Pacific regions.IronPlanet generates revenue primarily through transaction-based sales of used heavy equipment and trucks on its platform. The business model includes online auctions and buy-now options, serving both B2B and direct-to-consumer sales.8 million users. The service offerings include exclusive inspection reports and asset appraisal services that enhance buyer confidence. Flagship services like IronClad Assurance® underpin the company’s reputation, ensuring buyers have access to verified equipment information.IronPlanet plans to leverage its recent acquisition by Ritchie Bros. to enhance its online platform and expand into new markets. The company aims to introduce new product lines and improve service offerings in the coming years, although specific product release dates have not been disclosed. Additionally, IronPlanet is targeting expansion into the Asia-Pacific region by 2025, aiming to capture a larger share of the local market.
Who invested in IronPlanet
8 investors across 7 rounds
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Funding rounds
Series E
Aug 23, 2016
Amount
$18M
Investors
Series D
Jan 7, 2015
Amount
$5.5M
Investors
Series D
Oct 31, 2014
Amount
$15M
Investors
Series B
Jul 17, 2000
Amount
$0.7M
Investors
Series B
Apr 28, 2000
Amount
$35M
Investors
Series A
Feb 23, 2000
Amount
$12M
Investors
Series A
Nov 1, 1999
Amount
$3.9M
Investors
Questions about IronPlanet
Who invested in IronPlanet?
IronPlanet has 8 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has IronPlanet raised?
IronPlanet has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did IronPlanet last raise money?
IronPlanet's most recent round on record is a Series E, in Aug 2016.
What does IronPlanet do?
IronPlanet is a internet company.
Where is IronPlanet headquartered?
IronPlanet is headquartered in Pleasanton, US.
Which VCs invest in companies like IronPlanet?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at IronPlanet's stage. Their profiles are linked below.
VCs backing internet startups at Series E
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