Metycle secures €131.7 million credit for metals platform
Cologne-based secondary metals supplier Metycle has secured a €131.7 million credit facility from Rivonia Road Capital.
Metycle has secured a €131.7 million credit facility to scale its global supply of secondary copper and aluminium. The Cologne-based company, founded in 2022 by Rafael Suchan and Sebastian Brenner, obtained the asset-backed lending from California's Rivonia Road Capital.
Daniel Zinn, co-founder and Managing Partner of Rivonia Road Capital, praised the company's approach. "We are proud to support Metycle’s next phase of growth," Zinn said. "The company has built a differentiated platform that brings greater transparency, reliability and efficiency to the global recycled metals market."
Funding and Investor Backing
The new credit facility follows earlier investment rounds. The company raised €14 million in a Series A round in February 2025. Its Seed round of €4.7 million closed in December 2023.
Metycle's investor base includes several venture capital firms. Alongside Rivonia Road Capital, backers include 2150, Project A, Partech, Market One Capital, and Dutch Founders Fund. Financing partners also include Crédit Agricole Leasing & Factoring and SCCF.
A Vertically Integrated Model
Metycle operates a vertically integrated business. It buys, upgrades, and supplies copper, aluminium, and other non-ferrous metals to industrial customers worldwide. The company states it has traded over €103 million worth of secondary metals in the past twelve months. This represents a growth of 150% compared to the prior year. Its team operates across 15 countries.
The business model rests on three interconnected pillars.
First is a global trading operation. This unit manages sourcing, contracts, and risk.
The second pillar involves physical processing at SmartSorting Hubs. These facilities use AI-enabled sorting, mechanical separation, and laser-induced breakdown spectroscopy. The technology converts mixed scrap into feedstock that matches specific buyer requirements. Metycle's first such hub is located in Maasmechelen, Belgium.
The third component is a digital verification layer called TrustTrack. This system links records on material origin, quality, processing, and logistics to each batch and trade.
Addressing Market Fragmentation
The company argues that market predictability, not demand, is the primary constraint for secondary metals. Copper and aluminium are key for electrification, power grids, data centres, and manufacturing. Metycle contends that reliable secondary supply can ensure material security while new primary mines, which take years to develop, are built.
Despite this importance, the market remains fragmented. Inconsistent specifications and poor documentation make transactions difficult to standardise, verify, and finance at scale. Metycle aims to bridge this gap by combining trading, physical processing, and digital verification.
Our opportunity is to make secondary supply behave more like an industrial raw material: specified, traceable, and reliably delivered, said co-founder and CEO Rafael Suchan. This facility gives us the capacity to finance substantially more material through that system and serve customers at a much greater scale.
Scaling the Platform
The credit facility provides working capital to accelerate growth. According to the company, it will enable the financing of larger physical metal transactions. It will also help move greater volumes of recycled feedstock and expand supply to industrial buyers and smelters globally.
Also, the facility establishes a repeatable financial framework. This framework is designed to speed up execution for suppliers. The ultimate goal is to deliver larger and more consistent flows of specified secondary feedstock to Metycle's industrial customers.
