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
*********
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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
$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
Employee Count
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Acquired by
Liquidity Services
(Jul 10, 2018)
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.0M
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First Round
First Round
(03 Jun 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series A - Machinio | Valuation |
investors |
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| May, 2014 | Amount | Seed - Machinio | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Machinio | Valuation |
investors |
| 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 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. 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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Maxfield Capital is engaged in venture capital investments for technology companies.
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Founded Year | Domain | Location | |
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Startups are accelerated in fintech, SaaS, climate, and various sectors.
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Founded Year | Domain | Location | |
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Technology-focused private equity investments are conducted in the US.
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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 Machinio
| 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 - Machinio
| 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 |
Machinio Comparisons
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. 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 |
Used equipment is auctioned online via a dedicated platform.
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| domain | founded_year | HQ Location |
Online auction platform for construction equipment is managed.
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| domain | founded_year | HQ Location |
Heavy equipment and parts are traded on an online marketplace.
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| domain | founded_year | HQ Location |
Construction equipment is listed and auctioned through an online platform.
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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 Machinio
Frequently Asked Questions about Machinio
When was Machinio founded?
Machinio was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Machinio located?
Machinio is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Machinio a funded company?
Machinio is a funded company, having raised a total of $4.04M across 3 funding rounds to date. The company's 1st funding round was a Seed of $40K, raised on Jun 03, 2013.
What does Machinio do?
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.
Who are the top competitors of Machinio?
Machinio's top competitors include Ritchie Bros, Purple Wave and EquipmentFacts.com.
Who are Machinio's investors?
Machinio has 6 investors. Key investors include Ritchie Bros, Liquidity Services, Maxfield Capital, Entrepreneurs Roundtable Accelerator, and Elevation Partners.