METYCLE

METYCLE is a B2B startup based in Germany, founded in 2022 with the slogan "Your digital platform for international secondary metal and recycled metal trade." The company aims to revolutionize the global scrap metal trading industry by creating an online platform that connects buyers and sellers of scrap metal internationally. This initiative is designed to facilitate the seamless flow of recycling materials, thereby accelerating the global circular flow of secondary metals. METYCLE's efforts align with the growing focus on sustainability, as secondary metals play a crucial role in reducing CO2 emissions and supporting the global transition towards green energy production. The startup recently secured a significant milestone with a €4.70M Seed Round investment on the 14th of December 2023. The investment was led by prominent venture capital firms including Project A Ventures, Market One Capital, and Partech, as well as individual investors like Philipp Andernach, Christoph Cordes, DFF (Dutch Founders Fund), Anne-Marie Großmann, and Gisbert Ruehl. This funding is expected to fuel METYCLE's growth and enhance its impact on the global sustainability landscape while modernizing the traditional metal trading industry.