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Metaloop
All-in-one solution for metal scrap
- 21-100 employees
- B2B
- Sustainability
- Consulting
- Environmental
- Automation
- Gries, Graz, Styria
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Company mission
To help businesses from the metal recycling industry to boost their revenue without scaling, using live match making and democratized trade discovery.
Our take
With the EU set to reduce waste and accelerate recycling plans across the continent, the recycling industry has seen plenty of funding in 2023. This boost of funding has seen Metaloop, an Austrian startup, benefit greatly from its own $17 million in Series A round in September.
The company links scrap metal sellers with buyers via its online marketplace that helps with fulfillment, transport, and logistics. It's important to note that the company doesn't link scrap metal traders and buyers who already have networks in place, but companies that have scrap metal as a byproduct of their processes in other fields, such as a smelting company or a foundry.
Metaloop is thereby helping companies make more money through their waste whilst also aiding the recycling industry, which is set to double by 2030 from a valuation of $58 billion in 2021. The company is working within an industry that has few direct competitors. Its closest competitors work within other specific industries such as Metalhub’s mining focus and Reibus’s new metal trading platform. Metaloop’s broader scope places it in a great position as the recycling industry ramps up to meet sustainability goals.
Kirsty
Company Specialist at Welcome to the Jungle
Leadership
Alexander Schlick
(Co-CEO)Previous Regional Financial Controller at Procter & Gamble.
Jan Pannenbaecker
(Co-CEO)Current Co-Founder and CEO at Schrott24. Previous Social Business Consultant at Yunus Social Business, Co-Founder at GOOD wear and worked within Business Development at ePortrait.