TradeMachines, a Berlin, Germany-based meta search engine for used machinery, raised an over €1m funding round.
Backers included Dr. Albrecht von Sonntag, Marcus Seidel and Philipp Klöckner.
With the investment, which will value TradeMachines at an 8-figure valuation, the company will be expanding its activities into more industries and
continue its internationalization to reinforce its global presence.
Founded in 2013 by Dr. Heico Koch, TradeMachines is a search engine for industrial auctions, which enables sellers and buyers to access online auctions of used machines by national and international auctioneers and dealers.
The platform lists over 1.3M machines including tractors, forklifts, construction machines, industrial cranes, wood saws, metal saws, and lawn mowers.
The company does not auction machines itself but brokers machine sales. So far, it has brokered machine sales worth a total of more than €7 billion.