Austrian firm Metaloop raises a €16M Series A for scrap metal recycling software
The Austrian scrap metal marketplace, founded by Alexander Schlick and Jan Pannenbäcker, has just raised an oversubscribed Series A funding round of over €16 million. The funds will see the software firm source top talent to join its sales, recycling operations, product, data and development teams as it eyes further growth of its digital enterprise software platform.
The round was led by capital from the US as FirstMark Capital backed the metal recycling cause. The round also included participation by Silence VC and existing investors Statkraft Ventures and FJ Labs.