What is Blinto?
Founded in Växjö in autumn 2018, Blinto offers a circular economy solution for used machines and commercial vehicles, extending their lifespan and utility. The company facilitates transactions through a comprehensive online auction service, leveraging modern digital technology to connect sellers and buyers. Blinto emphasizes high personal service in mediating deals and has rapidly become Sweden's fastest-growing online auction service, operating nationwide.
How much funding has Blinto raised?
Blinto has raised a total of $11.3M across 1 funding round:
Other Financing Round
$11.3M
Other Financing Round (2023): $11.3M with participation from Verdane
Key Investors in Blinto
Verdane
Verdane is a European growth equity investor focused on software, tech-enabled, and sustainable businesses, known for accelerating international growth and providing hands-on support. Their investment in Blinto likely stems from a focus on sustainable business models and digital transformation within the circular economy.
What's next for Blinto?
The recent major strategic investment signals a pivotal growth phase for Blinto. This capital infusion is expected to fuel further expansion of its national operations and enhance its digital auction platform. Blinto's focus on sustainability and the circular economy aligns with growing market trends, positioning the company for continued scaling and market leadership in the used machinery and commercial vehicle sector.
See full Blinto company page
