About Aucto
Aucto is an online marketplace that focuses on the auction and tendering of used and surplus industrial equipment, machinery, and tools. The platform connects sellers with surplus industrial assets to buyers looking for affordable options. Sellers can list their equipment for auction or submit tenders, allowing buyers to bid or make offers. Aucto generates revenue through listing fees, transaction fees from sales, and premium services for better visibility of listings. This marketplace caters to businesses that prefer cost-effective solutions for industrial equipment, providing a reliable platform for both buyers and sellers to engage in efficient transactions.
San Francisco, CaliforniaHeadquarters
2020Year Founded
$7.2MTotal Funding
SEEDCompany Stage
Industrial & ManufacturingIndustries
11-50Employees
Benefits
Competitive Cash and equity
Flexible PTO
Full suite of benefits
Remote friendly
Risks
Increased competition from platforms like EquipNet could erode Aucto's market share.
Rapid AI advancements may outpace Aucto's current platform capabilities.
Economic downturns could reduce demand for surplus industrial equipment.
Differentiation
Aucto specializes in surplus industrial assets, a niche yet vital market segment.
The platform offers both auctions and tenders, providing flexible selling options.
Aucto's Pricing Engine tool helps sellers evaluate the worth of their machinery.
Upsides
Growing demand for sustainable practices boosts Aucto's surplus asset sales.
Industry 4.0 upgrades increase surplus machinery available for Aucto's marketplace.
Global online auction market growth supports Aucto's business model.
Funding
Total raised$7.20 M
Latest valuation$18.50 M
StageSEED
SEED
8/31/2021$4
$18.50 M