Machinio
Latest round
- Seed
Last raised
- May 2014
Total raised
- $1M
Investors
- 3
About Machinio
Machinio Corp. provides an online marketplace for buying and selling used machinery.Machinio Corp. specializes in the online auction and sale of used construction equipment, agricultural machinery, and various industrial assets. The platform operates as a surplus aggregator, facilitating transactions between machinery dealers and end-users, including construction firms and agricultural operations. Key offerings range from heavy machinery such as HAAS and MAZAK equipment to specialized tools and support systems. The service model allows clients to access a diverse inventory efficiently across North America, Europe, and select markets in Asia and Australia.Machinio generates revenue through a commission-based structure, where sellers pay a fee upon successful transactions facilitated by the platform. This model supports both B2B and direct-to-consumer sales, catering to clients ranging from small contractors to large enterprises. The auction events feature products such as the HAAS EC-1600ZT, showcasing high precision in machining operations. The pricing structure accommodates diverse buyer profiles, ensuring competitive bidding scenarios. The company plans to expand its offerings with new products designed for enhanced auction experiences, although specific release dates have not been disclosed.
Who invested in Machinio
3 investors across 2 rounds
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Questions about Machinio
Who invested in Machinio?
Machinio has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Machinio raised?
Machinio has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Machinio last raise money?
Machinio's most recent round on record is a Seed, in May 2014.
What does Machinio do?
Machinio is a internet company.
Where is Machinio headquartered?
Machinio is headquartered in Chicago, US.
Which VCs invest in companies like Machinio?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Machinio's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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