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§ Private Profile · Puchstraße 17, Graz, Styria 8020, AT
Metaloop is a technology company.
Metaloop operates a digital marketplace facilitating the buying and selling of scrap metal globally. The company provides a platform that connects industrial producers of scrap with recyclers and consumers, offering tools for transparent pricing, logistics management, and material traceability. Its technology aims to streamline complex transactions within the fragmented scrap metal industry, enhancing efficiency and accessibility for all participants.
Jan Pannenbäcker and Alexander Schlick co-founded Metaloop in 2016, driven by the recognition of significant inefficiencies and lack of transparency within the traditional scrap metal trade. Their insight was to leverage digital solutions to bring order and efficiency to a historically opaque market, drawing on their backgrounds to build a centralized, data-driven ecosystem for industrial materials.
The platform serves a diverse clientele, including automotive manufacturers, demolition companies, and metalworking businesses, providing them with a more direct and efficient channel for managing their scrap materials. Metaloop envisions a future where industrial waste is seamlessly integrated into a circular economy, maximizing resource recovery and promoting sustainable practices across industries worldwide.
Metaloop has raised $17.0M across 1 funding round.
Metaloop has raised $17.0M in total across 1 funding round.
Metaloop has raised $17.0M across 1 funding round. Most recently, it raised $17.0M Series A in September 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2023 | $17M Series A | FirstMark Capital | 1776, Alumni Ventures, Bascom Ventures, Energy Impact Partners, Fifth Wall, Gotham GAL Ventures, Menlo Ventures, Parkway VC, Silence, SOJA Ventures, Greg Bettinelli, XFactor Ventures, FJ Labs, Odette YGA | Announced |
Metaloop is an Austrian technology-enabled marketplace that connects sellers of metal scrap with buyers like smelters, steel mills, and foundries, handling the full transaction process including matchmaking, logistics, financing, and risk management.[1][2][4] It serves over 600 clients globally, primarily in the metal recycling industry, by aggregating scrap volumes to optimize prices, improve access to secondary raw materials, and streamline an opaque market—allowing businesses to boost revenue and efficiency without scaling operations.[2][3][4] The platform solves key pain points like dysfunctional trading, sparse supply chains, and manual processes through live matchmaking, data-driven insights, and an all-in-one portal, while promoting sustainability by reducing CO2 emissions and supporting circular economy goals.[1][4][5]
Founded around 2016-2022 and headquartered in Graz or Vienna, Austria, Metaloop has raised over €20 million in funding, including a €16 million ($17 million) oversubscribed Series A in 2023 led by FirstMark Capital, demonstrating strong growth momentum amid fundraising challenges.[2][3][5]
Metaloop emerged from the need to modernize the fragmented scrap metal trading market, founded in 2016 (with some sources noting 2022 as a key operational milestone) in Graz, Austria.[1][2][3] Key figures include CEO likely referenced in funding announcements like Pannenbäcker, who highlighted the platform's role in addressing opaque supply chains for industrial manufacturers.[2] The idea stemmed from observing how sellers (e.g., manufacturers with scrap) and buyers (e.g., smelters) struggled with inefficient matching, logistics, and financing—prompting a tech solution that acts as a "merchant of record" without owning physical assets.[2][4]
Early traction built through seed funding of €4.2 million, expanding to 600 clients and a 50-person team (half in Austria, half global).[2][4] Pivotal moments include the 2023 €16 million Series A from FirstMark Capital, FJ Labs, Statkraft Ventures, and Silence VC, which was oversubscribed despite a tough market, fueling international scaling.[2][5]
Metaloop rides the wave of circular economy and sustainability trends, where recycling metals is critical amid raw material shortages, EU green regulations, and global decarbonization efforts—making scrap trading essential for industries like steel and manufacturing.[1][5] Timing is ideal post-2023 funding boom for climate tech, as volatile commodity prices and supply chain disruptions amplify demand for efficient platforms.[2][5]
Market forces favoring it include rising scrap scarcity for buyers and revenue pressures for sellers, plus Europe's push for digitalization in traditional sectors.[1][2] It influences the ecosystem by democratizing trade discovery, boosting recycling efficiency, and inspiring tech-sustainability hybrids—positioning Austria as a hub for industrial software amid a burgeoning European startup scene.[3][5]
Metaloop is primed for aggressive expansion with its €16 million war chest, likely targeting new markets, AI-enhanced matching, and deeper services like advanced analytics or blockchain for traceability.[2][5] Trends like stricter emissions rules, AI in supply chains, and commodity volatility will propel growth, potentially evolving it into a dominant global player in metals recycling tech.[1][5] As secondary materials grow scarcer, its aggregation model could redefine trading, tying back to its origins as a simple fix for a dysfunctional market—now scaling toward industry transformation.[2][4]
Metaloop has raised $17.0M in total across 1 funding round.
Metaloop's investors include FirstMark Capital, 1776, Alumni Ventures, Bascom Ventures, Energy Impact Partners, Fifth Wall, Gotham Gal Ventures, Menlo Ventures, Parkway VC, Silence, SOJA Ventures, Greg Bettinelli.