Metycle Secures €131.7M Recycled Metals Facility

Metycle has secured a large credit facility to scale the physical trading side of its recycled-metals platform.

What happened

The Cologne-based company secured a €131.7M credit facility from Rivonia Road Capital. Metycle operates a platform for sourcing and trading secondary copper and aluminium and had previously raised €14M in Series A funding.

Unlike a conventional software round, the new financing is designed to support the working-capital needs of moving physical materials through the platform.

Why it matters

Circular-economy businesses often need more than equity to scale. Buying, holding and reselling commodities creates substantial financing requirements even when the underlying marketplace is software-enabled.

Copper is especially important because demand is rising alongside electrification, grid expansion, renewable energy and data-centre construction.

The bigger picture

Climate-tech financing is becoming more structurally diverse. Equity remains important for product development, but debt, asset-backed facilities and project finance are increasingly necessary once companies begin moving large volumes of physical goods. Metycle is an example of that transition from startup financing toward infrastructure-style capital.