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Metycle
Trading platform for secondary metals
- 1-20 employees
- B2B
- Marketplace
- Sustainability
- Logistics
- Payments
- Trading
- Georgs-Viertel, Köln, Germany
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Company mission
To fuel sustainability through metal recycling.
Our take
The primary metals market is reported to contribute a whopping 3.6 billion tonnes of CO2 emissions every year - making it a significant yet underappreciated contributor to global climate change. Metycle is a company hoping to help tackle this problem, with a marketplace enabling the secure and simple trade of secondary metals.
Secondary metals are derived wholly or in part from scrap, yet still function as well as their primary counterparts across a heap of applications. Unfortunately, the secondary metals market remains complex and untrustworthy, deterring businesses from adopting them.
Metycle's platform facilitates trustworthy and economical secondary metals trade. Buyers can connect to a network of suppliers, qualify for extended payment terms and track shipments, all without a sign-up fee. Sellers, meanwhile, are guaranteed prompt payment as well as safety and anonymity for their transactions.
With this undeniably attractive double-header, it is no surprise Metycle has raised strong funding that will be used to to accelerate its go-to-market strategy, expand into new geographies, and develop its technology further, including with AI-based quality control capabilities.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Ownership from day one
- Structured way of work
- Fast paced company
- Innovation is at our core
- Continuous growth and learning trajectory
- Positive impact for the world
Company values
- Prioritize the customer - We build services and tools for the benefit of our customers - every department is at the service of ensuring that secondary metals flow faster and more efficiently all over the world
- Trust yourself and each other - We trust each other and we always give each other the benefit of the doubt. We respect each other and embrace the diversity of perspectives and cultures that everybody brings. Use the freedom and autonomy given to you to be creative and courageous
- Move with urgency - We are a lean company with enough structure to move faster than any other player in the market. This way, we work to be drivers of digital change in an old-school global industry, not followers
- Be accountable and financially responsible - We are daring, but take responsibility for the decisions we make. We have freedom to decide smartly and we are wise when it comes to spending time and money
- Be focused but curious - We don't over-do, over-engineer or over-plan: we use our collective professional experience to solve the right problems while always investigating the most efficient ways of working and Just. Getting. Stuff. Done
- Think rigorously and use data - We care about making the right decisions and we use data to build evidence before deciding wherever possible
Funding (2 rounds)
Dec 2023
$5m
SEED
Mar 2023
$1.6m
SEED
Total funding: $6.6m
Leadership
Sebastian Brenner
(Co-founder)Previously Managing Director at CheMondis, Global Marketing Manager at Bayer Crop Science, and Global Manager (Soybean/Sugarcane Herbicides) at Syngenta.
Rafael Suchan
(Co-founder)Board Member of the Asia Transformation & Turnaround Association. Founded VASTALTA, and has been CEO at Scholz Recycling and at Chiho Environmental Group.