METYCLE funding news – METYCLE Secures €14.1Million in Series A Round Funding

The company will use the funds to improve its data, software, and AI technology for the metal recycling industry. Founded in 2022 by Sebastian Brenner and Rafael Suchan, it aims to make the global metal recycling market more efficient and transparent.

The platform connects trusted buyers and sellers directly, cutting out middlemen to offer better prices and faster transactions. It takes ownership of the metals and ensures delivery as agreed, offering full transparency throughout the process.

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Buyers can access a large network of reliable suppliers, and AI is used to check the quality of materials. Sellers can easily list their products, and the platform works to find the best buyers for them.

It's AI-powered sorting system quickly identifies the physical and chemical properties of recyclable metals, reducing manual labor and CO2 emissions while improving recycling efficiency.

Rafael Suchan, co-founder of METYCLE said, “Metal recycling is crucial for the transition to a carbon-neutral world. Recycling does not only ensure circularity of metals, but also helps to reduce carbon dioxide emissions by up to 95% compared to primary metal production, Today, already more than one third of global metal production is based on recycled metals and METYCLE makes the global metal recycling industry more efficient and transparent with the help of state-of-the-art technology.”

Sebastian Brenner, co-founder of METYCLE said, “Our platform is revolutionizing how secondary metals are traded globally, By rolling out METYCLE’s AI-based sorting and quality certification, we’re creating unprecedented transparency and trust in the metal recycling industry.”

About METYCLE

METYCLE is creating a platform to speed up the global recycling of metals. They are modernizing the $610 billion scrap metal industry by building an online platform that connects buyers and sellers of scrap metal worldwide. This helps recycling materials flow more easily, supporting the global recycling of metals.