# Vanilla Steel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vanilla-steel

- Industry: Materials
- Headquarters: Berlin, Germany
- Website: www.vanillasteel.com
- Total disclosed funding: $4M
- Latest round: Seed (Jun 18, 2021)
- Investors on record: 4

## About

Based in Berlin, Germany and founded in 2020, Vanilla Stell GmbH operates as a digital platform provider that allows buyers to find and buy excess steel directly from producers and processors. Vanilla Steel operates in 50 countries and has more than 100 suppliers with over 90,000 tons of steel listed since 2020. The company was co-founded by Matthias Affeldt, Alexis Ducros, Clifford Ondara, and Simon Zühlke. In July 2021, Vanilla Steel raised USD 4 million in Seed funding led by June Fund, Seedcamp, and Mustard Seed MAZE.

The company's line of products includes semi-finished steel, carbon steel flat, carbon steel long, stainless steel, pipes, and tubes. Vanilla Steel also provides an independent technology platform that enables steel processors and traders to source non-prime steel from Europe. The platform enables steel suppliers to match up with buyers via weekly auctions.

Vanilla Steel GmbH plans to build its secondary market in metals, recruit new talents to support growth, expand its new geographies and invest in new product functionalities.

## Funding rounds

- Seed, Jun 18, 2021, $4M — Seedcamp, June Fund, Mustard Seed MAZE, Polipo Ventures

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- June Fund (https://capitalatlas.ai/funds/june-fund) — Seed
- Mustard Seed MAZE (https://capitalatlas.ai/funds/mustard-seed-maze) — Seed
- Polipo Ventures (https://capitalatlas.ai/funds/polipo-ventures) — Seed