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.

Feb 20, 2025•10 months ago

Amount Raised

€14.1 Million

Round Type

series a

CologneSoftware

Investors

Project APartechMarket One CapitalDff Ventures2150

Description

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 Information

Company

Metycle

Location

Cologne, North Rhine Westphalia, Germany

About

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.

Related People

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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