About Machineio
Machinio connects buyers and sellers of industrial machinery and equipment through its global online platform. It serves various industries, including agriculture, construction, transportation, and manufacturing, by listing a wide range of machinery from reputable partners. The platform uses advanced search algorithms to facilitate efficient transactions and generates revenue through listing fees and sales commissions. Machinio's goal is to streamline the buying and selling process, making it a trusted resource for businesses in need of heavy equipment.
New York City, New YorkHeadquarters
2012Year Founded
$3.9MTotal Funding
SERIES_ACompany Stage
Industrial & Manufacturing, Enterprise SoftwareIndustries
51-200Employees
Risks
Emerging marketplaces in niche sectors could dilute Machinio's market share.
Geopolitical tensions may impact Machinio's operations in certain international markets.
Equipment leasing trends could reduce demand for used machinery, affecting Machinio's business.
Differentiation
Machinio offers the most comprehensive marketplace for used industrial machinery globally.
The platform connects buyers and sellers across diverse industries like agriculture and construction.
Machinio's advanced search algorithms enhance user experience with accurate, personalized results.
Upsides
Rising demand for eco-friendly machinery boosts the used equipment market.
Online auctions expand Machinio's reach, attracting more buyers and sellers.
Digital transformation in the industrial sector benefits Machinio's online platform.
Funding
Total raised$3.93 M
Latest valuation$15.00 M
StageSERIES_A
SERIES A
6/30/2016$3
$15.00 M$1
$5.00 M