The Venture Codex

Participated · Equity · Feb 2026

Metal 78 originated as a spin-off from research center Ceit and focuses on the recycling of spent industrial catalysts. Its process aims to recover valuable metals contained in these catalysts, offering a circular-economy solution for industry. The startup has attracted support from institutional, academic and industrial backers, including Geroa, Ampo, CDTI and the University of Navarra through a fund managed by Clave Capital. Roughly a year ago, the same group committed about €0.5 million to get the company off the ground. The newly secured €4.2 million will allow Metal 78 to advance its technology and move toward larger-scale implementation. No operating metrics such as revenue, customer count or production volumes were disclosed in the article. The company positions itself within the sustainable metallurgy and recycling sector, addressing both environmental and resource-efficiency challenges.