METYCLE Revolutionizes Metal Recycling with €14M Series A Funding
Deal News | Feb 20, 2025 | 2150
METYCLE, a digital platform focused on the international trade of secondary metals, has successfully closed a €14.1 million Series A funding round. The round was led by private equity firm 2150, with participation from existing investors DFF Ventures, Market One Capital, Partech, and Project A. Founded in 2022 by Sebastian Brenner and Rafael Suchan, METYCLE aims to enhance the transparency and efficiency of the global metal recycling market while reducing carbon emissions. The platform directly connects verified buyers and sellers, ensuring transparency and eliminating intermediary costs. Utilizing advanced AI technology, METYCLE offers precise quality assessments and sorting processes for recyclable metals, thereby improving recycling ratios and significantly cutting CO2 emissions compared to primary metal production. The new capital will be invested to further develop METYCLE’s data, software, and AI capabilities, enabling the platform to revolutionize the secondary metals market through state-of-the-art technological solutions.
Sectors
- Metal Recycling
- Technology
- Private Equity
Geography
- Europe – METYCLE, with investors and operations in Europe, situates the article within this geography due to economic and environmental initiatives prevalent in the region.
Industry
- Metal Recycling – This industry focuses on the recovery and processing of scrap metals into reusable raw materials, instrumental in reducing environmental impact and promoting sustainable practices.
- Technology – The integration of AI and software solutions to enhance recycling efficiency places the company within the technology sector, particularly in developing digital platforms for industrial applications.
- Private Equity – Involvement of 2150, a private equity firm leading the investment round, categorizes the article within the private equity sector, focusing on investments that drive innovation and sustainability.
Financials
- €14.1M – The Series A funding amount raised by METYCLE to develop their digital platform for metal recycling.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| METYCLE | Target Company | Company | A digital platform founded in 2022 for international secondary metal trade, enhancing transparency and efficiency in metal recycling. |
| 2150 | Lead Investor | PE Firm | A private equity firm that led the Series A investment to enhance METYCLE's technological capabilities. |
| DFF Ventures | Investor | Company | Existing investor in METYCLE, participating in the Series A funding round. |
| Market One Capital | Investor | Company | Existing investor in METYCLE, participating in the Series A funding round. |
| Partech | Investor | Company | Existing investor in METYCLE, participating in the Series A funding round. |
| Project A | Investor | Company | Existing investor in METYCLE, participating in the Series A funding round. |
| Sebastian Brenner | Co-Founder | Person | Co-founder of METYCLE, focusing on the platform's strategic development and technology integration. |
| Rafael Suchan | Co-Founder | Person | Co-founder of METYCLE, emphasizing the platform's role in reducing CO2 emissions in metal recycling. |