Metycle Lands $150M Credit Facility to Transform Europe's Recycled Metals Market

Jan de Vries · 2026-09-24

Cologne-based Metycle just secured a $150 million credit facility from Rivonia Road Capital. That's a big deal for a company that's only three years old. But here's what's really interesting: they're not just buying and selling scrap metal. They're trying to turn recycled copper and aluminum into a reliable, industrial-grade raw material. ### From Seed to Serious Money Metycle's funding journey has been quick. They raised $4.7 million in seed funding back in December 2023, then $14 million in Series A just over a year later. Now, with this $150 million credit line, they've got real firepower. Rivonia Road Capital is a California-based private capital manager that specializes in asset-backed lending. Daniel Zinn, co-founder and Managing Partner, said they were drawn to Metycle's platform because it brings transparency and efficiency to a market that's traditionally been messy and fragmented. ### Why Recycled Metals Matter Copper and aluminum are everywhere. Power grids, data centers, electric vehicles, manufacturing. The world needs more of both, and mining new supply takes years. Recycled metals can fill that gap, but only if buyers can trust what they're getting. That's the problem Metycle is solving. The secondary metals market is full of inconsistent specs and paperwork. Transactions are hard to standardize, verify, and finance at scale. Metycle's approach combines three things: - Global trading operations that handle sourcing, contracts, and risk - SmartSorting Hubs that use AI, mechanical separation, and laser-induced breakdown spectroscopy to turn mixed scrap into feedstock that matches buyer specs - TrustTrack, a digital layer that tracks origin, quality, processing, and logistics for every batch Their first SmartSorting Hub is in Maasmechelen, Belgium. The company has traded over $120 million worth of secondary metals in the past year, a 150% jump from the year before. They've got people in 15 countries. ### The Real Constraint Isn't Demand Metycle argues that demand for secondary metals isn't the problem. Predictability is. Buyers want to know exactly what they're getting, when they're getting it, and that it meets their specs. Without that, they stick with primary supply. > "Our opportunity is to make secondary supply behave more like an industrial raw material: specified, traceable, and reliably delivered. This facility gives us the capacity to finance substantially more material through that system and serve customers at a much greater scale." - Rafael Suchan, co-founder and CEO ### What This Means for the Market With this credit facility, Metycle can finance larger transactions and move bigger volumes. They'll expand supply to industrial buyers and smelters worldwide. The facility also gives them a repeatable framework to speed up execution for suppliers. In short, they're building the infrastructure to make recycled metals a dependable alternative to mined supply. That's good for material security, good for sustainability, and potentially very good for business. The investors behind Metycle include 2150, Project A, Partech, Market One Capital, Dutch Founders Fund, Crédit Agricole Leasing & Factoring, and SCCF. With this new credit line, they're betting that Metycle can turn a fragmented market into something that works like a well-oiled machine.