About MachineMax
MachineMax is a company based in London (United Kingdom) founded in 2018 was acquired by Vesta Software Group in September 2024.. MachineMax has raised $4.1 million across 1 funding round from investors including Shell and Vesta Software Group. The company has 79 employees as of February 28, 2025. MachineMax operates in a competitive market with competitors including Procore, Samsara, Nemetschek Group, Radius and Hover, among others.
- Headquarter London, United Kingdom
- Employees 79 as on 28 Feb, 2025
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingReal Estate & Construction Transportation, Automotive & Logistics Natural Resources
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Machine Max Limited
- Date of Incorporation 23 Apr, 2018
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$1.27 M (USD)41as on Dec 31, 2022
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Net Profit
$-5.07 M (USD)-110as on Dec 31, 2022
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EBITDA
$-6.2 M (USD)-113as on Dec 31, 2022
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Total Equity Funding
$4.1 M (USD)
in 1 rounds
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Latest Funding Round
$4.1 M (USD), Series A
Jan 16, 2020
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Investors
Shell
& 1 more
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Employee Count
79
as on Feb 28, 2025
- Acquired by
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Funding Insights of MachineMax
MachineMax has successfully raised a total of $4.1M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.1 million completed in January 2020. 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 Series A — $4.1M
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First Round
First Round
(16 Jan 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series A - MachineMax | 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 MachineMax
MachineMax has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Shell and Vesta Software Group. 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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Shell is recognized as a global energy and petrochemical company.
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Founded Year | Domain | Location | |
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Vesta Software Group is engaged in acquiring vertical market software companies.
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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 MachineMax
| 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 - MachineMax
| 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 |
Machinemax Comparisons
Competitors of MachineMax
MachineMax 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 Procore, Samsara, Nemetschek Group, Radius and Hover, 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 |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
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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 Machinemax
Frequently Asked Questions about MachineMax
When was MachineMax founded?
MachineMax was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is MachineMax located?
MachineMax is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is MachineMax a funded company?
MachineMax is a funded company, having raised a total of $4.1M across 1 funding round to date. The company's 1st funding round was a Series A of $4.1M, raised on Jan 16, 2020.
How many employees does MachineMax have?
As of Feb 28, 2025, the latest employee count at MachineMax is 79.
What is the annual revenue of MachineMax?
Annual revenue of MachineMax is $1.27M as on Dec 31, 2022.
What does MachineMax do?
MachineMax was founded in 2018 and is based in London, United Kingdom. A cloud-based platform for equipment management in sectors such as mining and construction is provided. Features include integration of equipment data, battery-powered sensors for tracking location, operating states, and fuel consumption, along with AI-driven real-time insights. Potential clients encompass companies like Nordkalk, JSW, and Tarmac.
Who are the top competitors of MachineMax?
Who are MachineMax's investors?
MachineMax has 2 investors. Key investors include Shell, and Vesta Software Group.
What is MachineMax's valuation?
The valuation of MachineMax is $13.3M as of Jan 2020.