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Blinto announces €10.6m investment from Verdane to help bring heavy machinery into the circular economy
Blinto will benefit from Verdanes strong track record in growing and scaling sustainable businesses, as the company looks to enhance its technology and expand across European markets.Producing heavy machinery requires a lot of raw materials and energy-intensive manufacturing processes. This unique broker capability is a key competitive advantage and market differentiator.Verdane will support Blinto on its next stage of growth by leveraging its deep expertise in scaling online auction platforms and developing their digital offering, as well as expanding its European network. With the support of Elevate, its specialised team of in-house operational experts, Verdane will help Blinto enhance its unique proposition, reinforce its product and data resources, bolster its broker salesforce, and expand across Europe. Verdanes track record in e-commerce and scaling digital businesses and its in-house expertise will be invaluable as we embark on the next stage of our growth journey.Blinto was founded in 2018 and has quickly become one of Europes fastest-growing online auction platforms, with hundreds of thousands of visitors weekly. Verdanes team of over 130 investment professionals and operating experts, based out of Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
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