Machineparty

a social network for industry, a fintech for float

  • Stage Prototype Ready
  • Industry Fintech
  • Location San Francisco, CA, US
  • Currency USD
  • Founded September 2014
  • Employees 10
  • Website machineparty.com

Company Summary

Machineparty is a B2B network marketplace for industry. Machineparty is Twitter for industry or Thumbtack for industry. It is a buyer driven marketplace. When a buyer needs a part or material, Machineparty gives them the ability to broadcast it with tags. On Machineparty, a buyer composes a “Meep”, the Machineparty Tweet. This is an inquiry, or an RFQ. Sellers can then filter the Meeps by tags.

This is a fundamental shift in the workflow of inquiries and quotations. Inquiries begin the workflow of industry:

Inquiry > Quotation > Purchase Order > Manufacturing > Delivery > Invoice > Float

After 60 days of direct marketing in Tulsa OK and New Delhi, the results were:

$5million worth of buyer Meeps on Machineparty
The average meep value was $30k
283 signups
40+ buyers users, including Tata Steel, Tata Motors, Autocrane, Citadel Industries, and other companies that spend millions on parts and materials.
240+ sellers.

Starting a startup?

Join the world's largest startup network for guidance, tools, and fundraising opportunities.

Get Started for Free