ScrapBees Secures €4 Million Funding for Expansion
Deal News | Feb 04, 2025 | Osborne Clarke
ScrapBees, a Neuss-based recycling start-up specializing in the collection and recycling of scrap metal, has successfully completed a €4 million funding round. Founded in 2020 by Florian Kriependorf, Sebastian Kopsan, and Thilo Hamm, ScrapBees aims to support the heating transition by offering comprehensive waste management services, primarily targeting craft businesses in the sanitary, heating, and air conditioning sectors. The funding round was led by NRW.BANK and EIT RawMaterials, with further investment from the impact fund Bonventure and several business angels. With renewed capital, ScrapBees is preparing to broaden its service reach across Germany and seek collaboration opportunities, notably with GC Group, a leading building technology wholesaler. The financial consultancy Osborne Clarke provided advisory support during this funding round, with a team led by Benedikt Hölsmann and partner Nicolas Gabrysch.
Sectors
- Recycling and Waste Management
- Corporate Finance and Advisory
- Banking and Financial Services
Geography
- Germany – ScrapBees is a start-up based in Neuss, Germany, intending to expand its services across additional regions within the country.
- Europe – EIT RawMaterials, a key participant in the funding round, is a European innovation network, indicating a broader regional interest.
Industry
- Recycling and Waste Management – ScrapBees specializes in the collection and recycling of scrap metal, positioning itself within the recycling and waste management sector.
- Corporate Finance and Advisory – Osborne Clarke, a law firm providing financial and legal advisory, played a significant role in advising ScrapBees during its funding round.
- Banking and Financial Services – NRW.BANK's involvement as a leading investor highlights the participation of the banking sector in this funding round.
Financials
- €4 million – Amount raised by ScrapBees in the funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ScrapBees | Target Company | Company | A Neuss-based start-up focusing on the recycling and collection of scrap metal. |
| Osborne Clarke | Legal Advisor | Company | A legal firm that advised ScrapBees on the funding round. |
| NRW.BANK | Lead Investor | Company | A German bank that led the €4 million funding round. |
| EIT RawMaterials | Investor | Company | A European innovation network that participated in the funding round. |
| Bonventure | Investor | Company | An impact fund that contributed to the funding round. |
| Business Angels | Investors | People | Individual investors involved in the funding round. |
| GC Group | Potential Partner | Company | A leading wholesaler for building technology, identified as a future cooperation partner with ScrapBees. |
| Florian Kriependorf | Co-Founder | People | One of the founders of ScrapBees. |
| Sebastian Kopsan | Co-Founder | People | One of the founders of ScrapBees. |
| Thilo Hamm | Co-Founder | People | One of the founders of ScrapBees. |
| Benedikt Hölsmann | Legal Advisor Lead | People | Led the Osborne Clarke team advising ScrapBees. |
| Nicolas Gabrysch | Partner | People | Partner responsible for Osborne Clarke's advisory team. |