Metalshub is a Düsseldorf-based digital trading and price-intelligence platform that digitizes commercial trading of raw metals. The company offers a consumer-grade procurement marketplace and transaction-based price intelligence, publishing indices for products such as ferrochrome, ferrovanadium, and ferrosilicon. Its platform aims to replace email and spreadsheet-based trading, modernizing industrial supply-chain procurement. Metalshub promotes supply-chain transparency to help customers meet sustainability goals and address CO2 accountability in the steel industry. The platform counts over 1,100 companies active, including Outokumpu, Saarstahl, Dillinger and Swiss Steel Group, and has recorded over $750 million in traded volume since its 2017 launch. Metalshub plans to expand beyond Europe and is targeting $1 billion in gross merchandise value by the end of the year. Metalshub operates a digital marketplace for alloying elements (e.g., nickel, molybdenum, chromium) where buyers post specifications and sellers transact. The company was founded in December 2016 and launched an MVP a year later, when it completed its first transaction. The platform is available in eight languages and hosts about 600 registered companies that post over 150 requests per month. Metalshub runs a classic marketplace model: sellers pay a transaction fee on successful contracts and can optionally purchase services such as transport, credit insurance and financing through the platform. In 2018 the platform achieved a Gross Merchandise Value (GMV) of €23 million and expects to exceed €70 million in GMV in the current year. The company plans to add paid market information and statistics next year and aims to continue growing team, customers and product to become a "tool of choice" for raw-material trading.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

May 2021