Berlin, Germany
Shelf.Network, founded in 2017, is a pioneering company based in Germany that revolutionizes cross-border vehicle trades through its unique arbitrage network. The platform boasts a Distributed Auctioning protocol which enables synchronized auctions across multiple interconnected marketplaces. This process facilitates the expansion of trades for sellers, providing transparency and potentially higher prices with minimal effort.
By primarily focusing on the automotive industry, Shelf.Network taps into a vast market where $150 billion worth of cars are auctioned annually, targeting corporate clients like insurance and leasing companies. The company's innovative use of blockchain technology solves the inefficiencies of traditional manual processes, making it easier for a broader audience to participate.
Operational in three European countries—Lithuania, Ukraine, and Georgia—with around 30 auctions daily, the network promises future expansion into other asset classes. In November 2018, the company secured a $1.10M Seed Round investment, showcasing its growth potential for investors in the E-Commerce, Fintech, and Trading Platform sectors.
