Metycle, a Cologne, Germany-based provider of a digital platform for international secondary metal trade, raised €14.1M in Series A funding.
The round was led by 2150 with continuous investment from existing investors DFF Ventures, Market One Capital, Partech, and Project A.
The company intends to use the funds to develop further its data, software, and AI backbone for the metal recycling industry.
Metycle leverages a proprietary AI-powered sorting process that determines the physical and chemical properties of shredded recyclable metals in real-time, representing a reduction in manual labour and CO2 emissions as well as improved recycling ratios and material recovery. its Smart Sorting Hubs are able to produce efficient, direct routes for these materials, so that where possible they can remain within the local region.
The platform handles the entire trading process, including quality assurance, logistics, and payment processing.
FinSMEs
20/02/2025