Metycle, a Cologne, Germany-based provider of a digital platform for international secondary metal trade, raised USD5M in Seed funding.
The round was led by Project A with the participation of Partech, existing investors Market One Capital and Dutch Founders Fund (DFF), and industry angel investors such an Anne-Marie Großmann (GMH Group), Gisbert Rühl (ex-CEO of Klöckner & Co.), Christoph Cordes (Flink), and Philipp Andernach (Antunnacum).
The company intends to use the funds to expand operations and its business reach.
Founded by Rafael Suchan and Sebastian Brenner, Metycle is a managed marketplace to trade secondary metals internationally, connecting buyers and sellers for more efficient and sustainable metal recycling. The company’s platform allows buyers and sellers to trade any metals and mixed metals, from steel to aluminum to copper and other non-ferrous metals. Metycle digitizes the path to more recycling, helping to collect and reuse materials, reducing the need to mine primary raw materials.
FinSMEs
19/12/2023