What is METALOOP?
Founded in 2016, METALOOP operates at the intersection of industrial recycling and fintech. The company provides a sophisticated digital marketplace that enables businesses to optimize revenue streams without the need for traditional, resource-heavy scaling. By utilizing live matchmaking and automated trade discovery, the platform empowers participants in the metal recycling industry to secure superior pricing and operational efficiency. This model effectively democratizes access to market data, allowing smaller players to compete on a level playing field with larger industrial entities, thereby fostering a more transparent and liquid global metal market.
How much funding has METALOOP raised?
METALOOP has raised a total of $17M across 1 funding round:
Series A
$17M
Series A (2023): $17M with participation from FirstMark Capital, Statkraft, and FJ Labs
Key Investors in METALOOP
FirstMark Capital
A New York-based venture firm that provides strategic capital and operational expertise to high-growth technology companies.
Statkraft
An investment arm of Europe's largest renewable energy producer, focusing on scaling startups that drive the green energy transition.
FJ Labs
A specialized venture firm with a massive portfolio of marketplace startups, known for identifying and scaling businesses with strong network effects.
What's next for METALOOP?
With the successful closure of this Series A round, METALOOP is well-positioned to expand its footprint across European markets. The strategic focus will likely shift toward enhancing the platform's automation capabilities and deepening its integration with existing supply chain management systems. As the global demand for sustainable material sourcing intensifies, the company's ability to provide real-time, data-driven insights will be instrumental in capturing further market share. Investors are clearly betting on the firm's capacity to standardize the fragmented metal recycling landscape, turning a historically opaque industry into a streamlined, technology-first ecosystem.
See full METALOOP company page
