Shaping the Metal Recycling Industry: Metaloop’s €16M Funding

We raised 16 Million Euros in a Series A round led by New York-based technology investor FirstMark Capital, with participation from Silence VC and existing investors Statkraft Ventures and FJ Labs - to accelerate growth & reduce carbon emissions.

Anca Ciobanu

Anca Ciobanu

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Exciting news! We just raised a €16 M round, led by New York-based technology investor FirstMark Capital, with participation from Silence VC and existing investors Statkraft Ventures and FJ Labs. 

 

Bridging the Gap and Closing the Loop: From Opaque Markets to Transparent Metal Scrap Operations

 

While metal scrap is perfect for recycling, navigating the metal scrap market, with its lack of transparency, can be challenging. 

But we are here to shape the future of the metal recycling industry by making it more efficient and sustainable. 

 

Every day, we work to deliver the best solutions for our customers, from improving prices for sellers and granting better access to buyers, logistics, and financing, all in one place. 

 

A More Sustainable Path Forward For the Industry

 

Empowering our customers to redefine the industry, we're committed to a shared journey of sustainability, growth, and success.

 

 "Closing this funding round supports our growth trajectory and contributes to making the analog market for metal recycling more digital, transparent, and efficient. I am glad we are not only striving to build an upcoming leader in our industry, but also to contribute from day one to the urgently needed decarbonization of our planet."

- Jan Pannenbäcker, Co-Founder of Metaloop

 

 "Our aspiration is to become the leading global service provider for metal scrap and closing the loop services. With FirstMark, we have found the ideal partner with the right mindset who shares this ambition with us and will continue to support us on our journey toward that goal."

- Alexander Schlick, Co-Founder of Metaloop

 

“Based on our experience investing in leading global marketplaces, the most important characteristics of a great business are strong organic growth and best-in-class retention – a product that customers love. We see these rare qualities in Metaloop, and we look forward to partnering with them to build to global leadership.“

- Rick Heitzmann, General Partner & Co-Founder of FirstMark

 

FirstMark's Commitment to Metaloop’s Vision

 

Rick Heitzmann will join Metaloop’s board of directors alongside the Founders and Alexander Küppers, MD at Statkraft Ventures. FirstMark Principal Derek Chu will serve as a board observer next to Odette Yga from Statkraft Ventures.

 

Making the entire metal recycling industry more efficient and sustainable will benefit the people and the planet, and we are really excited about what’s next.

 

A big thank you to our early supporters who believed in us from the start. To our new partners, welcome to Metaloop. We're excited about the journey ahead, together.

Topics:

  • metaloop
  • internal news
  • round A
  • investment

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