Metaloop secures growth funding from Statkraft Ventures and others to enhance its online scrap metal marketplace, driving digital transformation in the industry.
Information on the Target
Metaloop is a pioneering online marketplace focused on the scrap metal industry, aimed at digitalizing and transforming traditional practices within this sector. By creating a centralized platform, Metaloop streamlines operations for scrap dealers, recyclers, and factories, promoting transparency and efficiency in transactions. The company’s innovative approach seeks to simplify processes, enhance digital capabilities, and ultimately contribute to a more sustainable future in metal recycling.
The Metaloop marketplace empowers users to improve capacity utilization, expand their supplier networks, and optimize financial returns through advanced technology. This unique platform addresses long-standing inefficiencies in the scrap metal market, marking a significant shift towards a more automated and digital industry landscape.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in the Target's Specific Country
The scrap metal industry in Germany is a critical component of the broader recycling sector, which has seen substantial growth in recent years. With increasing environmental awareness and stringent regulations surrounding waste managemen
Similar Deals
World Fund, Porsche Ventures, Bosch Ventures, DeepTech & Climate Fonds, NRW.Venture, Vsquared Ventures, Speedinvest, 10x Founders → cylib
2024
Statkraft Ventures
invested in
Metaloop
in 2023
in a Series A deal