METYCLE operates a digital platform that connects verified buyers and sellers in the global secondary metal market, eliminating intermediaries and taking physical ownership of metals to ensure delivery and transparency. Its product includes AI-based quality assessments and an AI-powered sorting process that determines physical and chemical properties of shredded recyclable metals in real time. The company says this automation reduces manual labour, improves recycling ratios and material recovery, and lowers CO2 emissions. METYCLE will use the new funding to further develop its data, software, and AI backbone for the metal recycling industry. The platform offers buyers access to a wide network of reputable suppliers and provides sellers a streamlined listing process while actively finding optimal destinations for materials. Recycling more broadly can reduce carbon dioxide emissions by up to 95% compared to primary metal production, a benefit METYCLE aims to amplify through its technology. Metycle operates a digital, managed marketplace that connects buyers and sellers to trade secondary and mixed metals internationally. Its platform supports trading of steel, aluminum, copper and other non‑ferrous metals. The company digitizes the path to more recycling by helping collect and reuse materials, reducing the need to mine primary raw materials. Metycle intends to use the new funding to expand operations and broaden its business reach. Founded by Rafael Suchan and Sebastian Brenner and based in Cologne, Germany, the company focuses on more efficient and sustainable metal recycling. The article reports a USD5M Seed financing but does not disclose operating metrics. Metycle is a Cologne, Germany-based provider of an online trading platform for secondary metals. Led by Sebastian Brenner and Rafael Suchan, it describes itself as a global end-to-end marketplace that enables digital, fast, and efficient trade of secondary metals. The platform facilitates access to metal scrap and recycled metals for production supply chains and acts as a distributor on its own account. Metycle ensures trust and quality via specialized agents and helps match and monetize CO2 savings across the value chain. The company raised €1.5M in a pre-seed round led by One Capital and DFF, with angels Tom Bird and Louis Pfitzner participating. It intends to use the funds to increase its offering in ensuring product quality and to expand service offerings in financing and hedging for buyers.

Total raised

$23M

Funding rounds

3

Latest round

Series A

Latest activity

Feb 2025