What is METALOOP?
Founded in 2016 and headquartered in Graz, Austria, METALOOP is dedicated to enhancing revenue for businesses within the metal recycling sector. The company achieves this by enabling businesses to scale without proportional increases in operational size, leveraging live matchmaking and democratized trade discovery. METALOOP's advanced technology facilitates better pricing and increased efficiency for its customers through automation, positioning it as a key innovator in a traditionally complex industry.
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 Statkraft Ventures, FJ Labs, and FirstMark Capital
Key Investors in METALOOP
Statkraft Ventures
Statkraft Ventures is an investment firm focused on supporting outstanding entrepreneurs in the energy and climate tech sectors. They operate international and Norway-specific funds that invest in early and growth stage start-ups, primarily in Europe and North America.
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses. They have invested in notable companies such as Alibaba, Coupang, and Rappi, building the world's largest portfolio of marketplace startups.
FirstMark Capital
FirstMark Capital is a company that operates in the Information & Document Management industry. It employs 20to49 people and has 1Mto5M of revenue. The company is headquartered in New York City, New York.
What's next for METALOOP?
The recent major strategic investment signifies METALOOP's readiness to accelerate its market penetration and technological development. With a clear focus on boosting revenue and efficiency in metal recycling, this capital infusion is expected to fuel further innovation in their live matchmaking and trade discovery platforms. The company's ability to secure such significant backing, particularly following its Series A, suggests a strong market validation and a promising outlook for continued expansion and leadership in the circular economy sector.
See full METALOOP company page
