METYCLE raised €14.1M in a Series A funding round led by 2150 to develop its data and AI backbone for the metal recycling industry.
METYCLE raised €14.1M in a Series A funding round led by 2150 to develop its data and AI backbone for the metal recycling industry.
02/20/25, 8:03 AM
Location
cologneMoney raised
€14.1 million
Industry
software
Round Type
series a
Investors
Project A, Partech, Market One Capital, Dff Ventures, 2150
METYCLE, a digital platform for international secondary metal trade, has raised €14.1M in a Series A funding round. The company will use the new funds to further develop its data, software, and AI capabilities.
Company Info
Location
cologne, north rhine-westphalia, germany
Additional Info
METYCLE is building the platform to accelerate the global circular flow of secondary metals.
At METYCLE, we are bringing the $610 billion global scrap metal trading industry into the 21st century. We are building an online platform to connect buyers and sellers of scrap metal internationally, enabling the seamless flow of recycling material to accelerate the global circular flow of secondary metals. Secondary metals are essential building blocks in the global effort to reduce CO2 emissions by up to 95% compared to primary metal production and to make materials available for the global transition towards green energy production.