About Aucto
Aucto is a company based in New York (United States) founded in 2005.. Aucto has raised $3.7 million across 1 funding round from investors including NFX and Motivate Venture Capital. Aucto offers products and services including Aucto Marketplace, Buy Now Listings, and Auction Events. Aucto operates in a competitive market with competitors including Moov, Digi-Key Electronics, Asseta, TestMart and Verical, among others.
- Headquarter New York, United States
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.7 M (USD)
in 1 rounds
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Latest Funding Round
$3.7 M (USD), Seed
Sep 23, 2021
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Investors
NFX
& 1 more
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Employee Count
Employee Count
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Products & Services of Aucto
Aucto offers a comprehensive portfolio of products and services, including Aucto Marketplace, Buy Now Listings, and Auction Events. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying and selling used industrial equipment via auctions
Service for immediate purchase of pre-owned machinery items
System for timed auctions of industrial assets
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Funding Insights of Aucto
Aucto has successfully raised a total of $3.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.7 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.7M
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First Round
First Round
(23 Sep 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Aucto | Valuation | NFX |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aucto
Aucto has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include NFX and Motivate Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in B2B & B2C startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aucto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aucto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aucto Comparisons
Competitors of Aucto
Aucto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moov, Digi-Key Electronics, Asseta, TestMart and Verical, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used semiconductor equipment is listed on an online B2B platform.
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| domain | founded_year | HQ Location |
Electronic components are distributed online to B2B customers worldwide.
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| domain | founded_year | HQ Location |
Used manufacturing equipment is traded via B2B marketplace platform.
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| domain | founded_year | HQ Location |
Marketplace of electronic instruments
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| domain | founded_year | HQ Location |
High-tech electronic components are traded between manufacturers and buyers online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aucto
Frequently Asked Questions about Aucto
When was Aucto founded?
Aucto was founded in 2005 and raised its 1st funding round 16 years after it was founded.
Where is Aucto located?
Aucto is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Aucto a funded company?
Aucto is a funded company, having raised a total of $3.7M across 1 funding round to date. The company's 1st funding round was a Seed of $3.7M, raised on Sep 23, 2021.
What does Aucto do?
Aucto was founded in 2005 and is headquartered in New York, United States. An online auction-based platform is operated for B2B transactions in industrial goods, encompassing categories such as construction and heavy equipment, MRO and industrial parts, marine and mining products. Bidding sessions are conducted over specified periods, with products awarded to the highest bidders once auctions conclude.
Who are the top competitors of Aucto?
Aucto's top competitors include Digi-Key Electronics, Asseta and Moov.
What products or services does Aucto offer?
Aucto offers Aucto Marketplace, Buy Now Listings, and Auction Events.
Who are Aucto's investors?
Aucto has 2 investors. Key investors include NFX, and Motivate Venture Capital.
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