We build the second market for heavy machinery.
Rekyndo was started by operators who spent a decade watching perfectly good machines rust in European yards because nobody had built a clean way to price them, trust them, and move them. So we’re building it.
A story about a 2009 wheel loader.
A few years ago, our CEO tried to help a family friend sell a 2009 wheel loader. It had 14,800 hours on it, a full service history, and a fair market value of roughly €48,000. It took eleven months to sell. They ended up accepting €22,000 from a dealer they’d never met, got paid by wire, and never saw the machine again.
What happened in those eleven months is the whole point of this company. They listed it on four classified sites. Fielded 62 phone calls, 18 of which were scams. Met two buyers in person who both tried to renegotiate on the hook. Paid for two inspections out-of-pocket. Shipped the machine on the dealer’s word and spent three weeks waiting for payment that almost didn’t come.
Every step of that process exists because the software we were all using didn’t know how any of it was supposed to work. It didn’t know what a fair price was. It couldn’t verify the buyer. It didn’t hold the money. It had no concept of an inspection. It was a classified ad with a photo.
Rekyndo is what that process looks like when you build the software to know.
Who you’re dealing with.
Half of Rekyndo has spent time on a machine yard. The other half has spent time shipping marketplace software. We find this to be the useful ratio.
Twelve years in industrial M&A. Operated two yards herself. Obsessed with why good machines rust.
Built trade-execution systems at scale. Likes protobufs. Owns an ancient tractor.
Ran ops at a European equipment marketplace for seven years. Knows every dealer between Essen and Katowice.
Former financial-crime lead. Built our three-tier verification programme from scratch.
Backed by operators, not just capital.
Round stage and investor names are illustrative placeholders — final composition confirmed at close.