Metycle, a German platform specialising in secondary copper and aluminium, has secured a €131.7 million credit facility to accelerate its growth and expand operations across its growing network of industrial buyers and smelters worldwide.
The financing round was led by Rivonia Road Capital, with additional backing from 2150, Project A, Partech, Market One Capital, Dutch Founders Fund, Crédit Agricole Leasing & Factoring, and SCCF. The credit facility brings Metycle’s total funding to €150 million since its founding in 2022.
The Cologne-based company plans to deploy the capital to finance larger physical metal transactions, increase the volume of recycled feedstock it can process, and expand its supply capabilities to meet rising demand from industrial customers and smelters globally. The company currently operates across 15 countries, positioning itself as a key player in Europe’s transition towards circular economy practices in the metals sector.
Building Efficiency in Recycled Metals Markets
Metycle has developed a platform approach to the secondary metals market, addressing longstanding challenges around transparency, reliability and operational efficiency in an industry traditionally characterised by fragmentation and opacity. By digitising the supply chain for recycled copper and aluminium, the company enables faster transactions, better price discovery, and improved traceability for customers seeking sustainable raw material alternatives.
The funding underscores investor confidence in the growing market for recycled metals, driven by regulatory pressures, corporate sustainability commitments, and the expanding demand for low-carbon alternatives to primary metal production. Recycling copper and aluminium requires significantly less energy than primary extraction, making secondary metals increasingly attractive to manufacturers facing pressure to reduce their environmental footprint.
“We are proud to support Metycle’s next phase of growth,” said Daniel Zinn, Co-founder and Managing Partner of Rivonia Road Capital. “The company has built a differentiated platform that brings greater transparency, reliability and efficiency to the global recycled metals market, while helping meet growing demand for sustainable raw materials.”
Scaling Operations in a Growing Sector
Metycle’s expansion comes at a time when European regulators are intensifying requirements around circular economy practices and supply chain sustainability. The European Union’s revised Circular Economy Action Plan and proposed Digital Product Passport regulations are expected to drive increased demand for traceable, certified recycled materials in coming years.
The company’s growth reflects a broader trend within the European cleantech sector, where startups are increasingly targeting industrial supply chains with solutions that combine sustainability benefits with operational efficiency gains. Similar platforms addressing fragmented industrial markets have gained traction across Europe, particularly in waste management, secondary materials, and resource recovery sectors where digitalisation can unlock significant value.
With this funding round, Metycle is positioned to capitalise on expanding demand for verified recycled feedstock among European and international manufacturers navigating tighter environmental regulations and corporate sustainability mandates.