# Aucto

**Source:** https://www.startuphub.ai/startups/aucto
**Profile type:** Startup

> SaaS-enabled marketplace for buying and selling surplus industrial equipment and machinery across manufacturing and energy sectors.

## About

Aucto is an enterprise SaaS marketplace for buying and selling surplus industrial equipment and machinery across manufacturing and energy sectors. Enterprises like GM and WEC Energy Group use Aucto to recover capital from idle assets while buyers access high-quality pre-owned industrial equipment. The platform operates across 70+ countries and raised $3.7M in seed funding led by NFX.

## Key facts

- **Slug:** aucto
- **Website:** https://www.aucto.com
- **Location:** Toronto, Canada
- **Founded:** 2015
- **Employees:** 35
- **Operating status:** Active
- **Total funding:** $4M
- **Sectors / tags:** Industrial Tech, Marketplace, Supply Chain, Sustainability, Circular Economy, B2B Marketplace, Manufacturing, Asset Management, AI for Software Implementations
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/aucto
  - Twitter: https://x.com/AuctoMP
  - Facebook: https://www.facebook.com/auctomp

## Frequently asked

### What does Aucto do?

Aucto is an enterprise SaaS marketplace for buying and selling surplus industrial equipment and machinery across manufacturing and energy sectors. Enterprises like GM and WEC Energy Group use Aucto to recover capital from idle assets while buyers access high-quality pre-owned industrial equipment. The platform operates across 70+ countries and raised $3.7M in seed funding led by NFX.

### What is Aucto's valuation?

StartupHub estimates Aucto's effective valuation at $14.6M (range $9.3M to $22.2M, 22% confidence), based on comparable companies in the sector.

### How much funding has Aucto raised?

Aucto has raised a total of $4M in funding. The most recent round on record is Seed.

### Where is Aucto headquartered?

Aucto is headquartered in Toronto, Canada.

### When was Aucto founded?

Aucto was founded in 2015.

### What industry does Aucto operate in?

Aucto operates in Industrial Tech, Marketplace, Supply Chain, Sustainability, Circular Economy, B2B Marketplace.

### How many employees does Aucto have?

Aucto has approximately 35 people on record.

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