ScrapAd secures €6 million in Series A funding to advance its leadership in the digital metal recycling market and expand its international presence.

Target Information

ScrapAd, a leading B2B digital platform for the buying and selling of recyclable metals, has successfully closed a Series A funding round of €6 million. This investment marks a pivotal moment for ScrapAd as it seeks to solidify its global leadership in the circular economy. The company aims to accelerate its international expansion into strategic markets such as Europe and Asia while continuing to develop its proprietary technology focused on automation, traceability, and digital intelligence.

Through its innovative platform, ScrapAd integrates advanced language processing models and artificial intelligence systems for risk analytics, enhancing both logistical and documentation efficiency. This technology addresses historic challenges faced by the metal recycling industry, such as transparency issues, operational informality, payment risks, logistical challenges, and language barriers. The platform facilitates safe and efficient negotiations, managing the entire value chain without the need for intermediaries or physical movement.

Industry Overview

The recycling industry plays a crucial role in promoting sustainability by reducing waste and maximizing resource recovery. In Europe, the sector is witnessing rapid growth fueled by increasing regulatory pressures and public awareness regarding environmental issues. Governmen