About IronPlanet Australia
IronPlanet Australia is a company based in Brisbane (Australia) founded in 1998 was acquired by Ritchie Bros in August 2016.. IronPlanet Australia has raised $84.63 million across 5 funding rounds from investors including SVB, Ritchie Bros and Capital One. IronPlanet Australia operates in a competitive market with competitors including Ritchie Bros, Boom & Bucket, Machinio, Purple Wave and Commercial Truck Trader, among others.
- Headquarter Brisbane, Australia
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Sectors
Transportation, Automotive & LogisticsReal Estate & Construction Retail
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$84.63 M (USD)
in 5 rounds
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Latest Funding Round
$17.97 M (USD), Series B
Aug 23, 2016
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Investors
SVB
& 15 more
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Employee Count
Employee Count
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Acquired by
Ritchie Bros
(Aug 29, 2016)
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Funding Insights of IronPlanet Australia
IronPlanet Australia has successfully raised a total of $84.63M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $17.97 million completed in August 2016. 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 5
- Last Round Series B — $18.0M
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First Round
First Round
(07 Feb 2000)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series B - IronPlanet Australia | Valuation |
investors |
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| Sep, 2015 | Amount | Debt – Conventional - IronPlanet Australia | Valuation |
investors |
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| Jan, 2015 | Amount | Series B - IronPlanet Australia | Valuation |
investors |
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| 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 IronPlanet Australia
IronPlanet Australia has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Ritchie Bros and Capital One. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Provider of loans, credit cards, and savings services
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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 IronPlanet Australia
| 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 - IronPlanet Australia
| 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 |
Ironplanet Australia Comparisons
Competitors of IronPlanet Australia
IronPlanet Australia 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 Ritchie Bros, Boom & Bucket, Machinio, Purple Wave and Commercial Truck Trader, 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 |
Heavy machinery is auctioned via an online marketplace platform.
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| domain | founded_year | HQ Location |
Heavy equipment is traded via an online marketplace platform.
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| domain | founded_year | HQ Location |
Used heavy machinery is traded via an online auction marketplace.
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| domain | founded_year | HQ Location |
Used equipment is auctioned online via a dedicated platform.
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| domain | founded_year | HQ Location |
Commercial trucks and trailers are listed on an online platform.
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| domain | founded_year | HQ Location |
Online auction platform for construction equipment is managed.
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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 Ironplanet Australia
Frequently Asked Questions about IronPlanet Australia
When was IronPlanet Australia founded?
IronPlanet Australia was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is IronPlanet Australia located?
IronPlanet Australia is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Is IronPlanet Australia a funded company?
IronPlanet Australia is a funded company, having raised a total of $84.63M across 5 funding rounds to date. The company's 1st funding round was a Series B of $20.66M, raised on Feb 07, 2000.
What does IronPlanet Australia do?
IronPlanet was founded in 1998 in Brisbane, Australia, as a platform focused on auctions for used heavy equipment in the construction and agriculture sectors. Equipment such as backhoes, dozers, farm tractors, and trucks can be bought and sold through a consignment model. Items are consigned to auctions, prepared for sale, and offered for inspection at the sellers site. The platform operates via an iOS app.
Who are the top competitors of IronPlanet Australia?
IronPlanet Australia's top competitors include Ritchie Bros, Purple Wave and Machinio.
Who are IronPlanet Australia's investors?
IronPlanet Australia has 16 investors. Key investors include SVB, Ritchie Bros, Capital One, Kleiner Perkins, and Accel.