Blinto Raises €10.6M in Funding


Blinto, a Växjö, Sweden-based provider of an online auction platform for used heavy machinery, raised €10.6M in funding.

The round was led by Verdane.

The company intends to use the funds to enhance its proposition, reinforce its product and data resources, bolster its broker salesforce, and expand across Europe.

Founded in 2018 and led by CEO Richard Nilsson, Blinto offers a complete online auction service for used heavy machinery, which is built on modern digital technology and personal service. The platform features comprehensive technical specifications, detailed images, and video footage that accurately depict the object’s condition, empowering buyers to make informed decisions confidently.

The system handles the necessary negotiations and has a fast sales process that has created a loyal customer base.

The products primarily auctioned at & are construction machines, utility vehicles and tools.