# Metals Hub

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metals-hub

- Industry: Software
- Headquarters: Dusseldorf, Germany
- Website: www.metals-hub.com
- Total disclosed funding: $14M
- Latest round: Series A (May 5, 2021)
- Investors on record: 3

## About

Based in Düsseldorf, Germany, and founded in 2016 by Dr. Frank Jackel and Dr. Sebastian Kreft, Metals Hub GmbH provides a metals trading and price intelligence platform. The company concluded USD 750 million in trading volume through its platform and with 1,100 companies using the software. In May 2021, the company raised its latest Series A funding led by Acton Capital.

Metals Hub GmbH's platform operates as a B2B digital marketplace for metals and ferroalloys. The platform enables enterprise customers to purchase and sell transaction-based price indices for many products like ferrochrome, ferrovanadium, and ferrosilicon. The platform offers the latest price points, market insights, and analytic benchmarking features.

The company generates revenue by charging transaction fees to the concluded deal on the platform. The company changed a standard fee of 0.4% for ferroalloys, 0.2% for nickel and copper metal, and 0.8% for ferrous scrap.

The company plans to further invest in its product leadership and customer acquisition and to drive its global footprint.

## Funding rounds

- Series A, May 5, 2021, $11M — Acton Capital, Point Nine, Chromo Invest
- Seed, Aug 13, 2018, $3.4M — Point Nine, Chromo Invest

## Investors

- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed, Series A
- Chromo Invest — Seed, Series A
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series A