About Machinio
Machinio is a company based in Chicago (United States) founded in 2012 was acquired by Liquidity Services in July 2018. Machinio has raised $4.04 million across 3 funding rounds from investors including Ritchie Bros, Liquidity Services and Maxfield Capital. Machinio operates in a competitive market with competitors including Ritchie Bros, Purple Wave, EquipmentFacts.com, IronDirect and Rock & Dirt, among others.
- Headquarter Chicago, United States
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing Retail
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4.04 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Series A
Jul 12, 2016
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Investors
Ritchie Bros
& 5 more
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Employee Count
Not available
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Acquired by
Liquidity Services
(Jul 10, 2018)
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People of Machinio
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Funding Insights of Machinio
Machinio has successfully raised a total of $4.04M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in July 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.
Investors in Machinio
Machinio has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Ritchie Bros, Liquidity Services and Maxfield Capital.
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Maxfield Capital is engaged in venture capital investments for technology companies.
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Startups are accelerated in fintech, SaaS, climate, and various sectors.
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Technology-focused private equity investments are conducted in the US.
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Investor details for Machinio
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Investments & Acquisitions by Machinio
Investment portfolio details for Machinio
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Financial Statements - Machinio
Detailed financials for Machinio
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Machinio Comparisons
Peer comparison for Machinio
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Competitors of Machinio
Machinio 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, Purple Wave, EquipmentFacts.com, IronDirect and Rock & Dirt, among others.
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Heavy machinery is auctioned via an online marketplace platform.
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Used equipment is auctioned online via a dedicated platform.
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Online auction platform for construction equipment is managed.
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Heavy equipment and parts are traded on an online marketplace.
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Construction equipment is listed and auctioned through an online platform.
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Detailed competitors of Machinio
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Latest news on Machinio
Complete news archive for Machinio
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Frequently Asked Questions about Machinio
Machinio was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Machinio is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Machinio is a funded company, having raised a total of $4.04M across 3 funding rounds to date.
Machinio was founded in 2012 in Chicago, United States, and operates as an online platform for buying and selling used industrial equipment and machinery. Sectors covered include metalworking, construction, agriculture, and transport. Listings are provided with product details, locations, pricing, and tools for seller communication. Revenue is generated through paid advertisements on the platform.
Machinio's top competitors include Ritchie Bros, Purple Wave and EquipmentFacts.com.
Machinio has 6 investors. Key investors include Ritchie Bros, Liquidity Services, Maxfield Capital, Entrepreneurs Roundtable Accelerator, and Elevation Partners.