# Metaloop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metaloop

- Industry: Internet
- Headquarters: Graz, Austria
- Website: www.metaloop.eu
- Total disclosed funding: $22M
- Latest round: Series A (Sep 19, 2023)
- Investors on record: 4

## About

Based in Austria, and founded in 2022 by its CEO, Jan Pannenbäcker, and managing director, Alexander Schlick, Schrott24 GmbH, trading under the name Metaloop, operates as an online marketplace for the metal recycling industry, which sells scrap. As of 2023, the company is led by Henrik Sachs, and has partnered with companies like TechStars, Audi Denkwekstatt, IMPACT HUB Berlin, and many more. In September 2023, Metaloop raised EUR 16 million in series A funding led by new investor Firstmark Capital, with participation from another new investor Silence VC. Returning investors FJ Labs and Statkraft Ventures also participated in the round. 

Metaloop offers a digital platform that uses matchmaking technology to help users sell scrap to buyers. The company’s services include on-demand trading, long-term contracting, international trade financing, logistics, and hedging. It also provides demolition and deconstruction, scrap metal management consulting, and many more.

The company will use its series A funding to further develop its software, expand its team, and support its global expansion.

## Funding rounds

- Series A, Sep 19, 2023, $17M — FirstMark Capital, Statkraft Ventures, FJ Labs, Silence VC
- Seed, Dec 21, 2022, $4.5M — Statkraft Ventures, FJ Labs

## Investors

- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Seed, Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A
- Silence VC (https://capitalatlas.ai/funds/silence-vc) — Series A