Metycle Secures €131.7M for Recycled Metal Supply Growth

Metycle, a Cologne-based innovator in the secondary metals market, has secured a substantial €131.7 million ($150 million) credit facility. This significant financial backing, provided by California-based private capital manager Rivonia Road Capital, is earmarked to accelerate the company's mission of scaling the supply of recycled copper and aluminum. This development follows a series of successful funding rounds, including a €14 million Series A led by 2150 in early 2025 and a €4.7 million Seed round concluded in late 2023.

The strategic infusion of capital positions Metycle to address a critical bottleneck in the global transition towards sustainable materials. While demand for recycled metals is robust, driven by electrification, data infrastructure, and manufacturing, the market's fragmentation and lack of predictability hinder its full potential. Metycle aims to bridge this gap by enhancing transparency, reliability, and efficiency in the sourcing and processing of secondary metals.

Daniel Zinn, Co-founder and Managing Partner at Rivonia Road Capital, expressed confidence in Metycle's growth trajectory. He highlighted the company's distinctive platform, which injects much-needed transparency and efficiency into the global recycled metals sector. Zinn specifically commended the management team's profound industry acumen, disciplined execution, and clear strategic vision for expansion. This facility will empower Metycle to finance larger physical metal transactions and manage greater volumes of recycled feedstock.

Founded in 2022 by Rafael Suchan and Sebastian Brenner, Metycle operates a vertically integrated model. The company acquires, refines, and supplies copper, aluminum, and other non-ferrous metals to industrial clients worldwide. In the past year alone, Metycle reported trading over €103 million ($120 million) in secondary metals, marking an impressive 150% year-over-year growth. Their operational footprint spans 15 countries, underscoring their global reach.

Metycle's operational framework rests on three core components: a global trading division managing sourcing and risk, advanced SmartSorting Hubs utilizing AI and spectroscopy for scrap conversion, and TrustTrack, a digital system ensuring material traceability and quality verification. Their inaugural SmartSorting Hub is situated in Maasmechelen, Belgium. This comprehensive approach is designed to make secondary supply as dependable and specified as primary raw materials, a crucial step for industrial adoption.

The newly secured credit facility will enable Metycle to significantly expand its supply chain capabilities, serving industrial buyers and smelters at an unprecedented scale. It provides a repeatable financial structure that streamlines execution for suppliers while ensuring consistent, high-quality secondary feedstock for customers. This strategic move is set to bolster material security and support the circular economy, particularly as primary resource extraction faces increasing environmental scrutiny and development timelines.

Key investors and financing partners supporting Metycle's vision include 2150, Project A, Partech, Market One Capital, Dutch Founders Fund, Crédit Agricole Leasing & Factoring, and SCCF, in addition to the primary lender, Rivonia Road Capital.