Cologne-based Metycle secures €131.7 million credit facility to scale secondary copper and aluminium supply
Metycle, a Cologne-based supplier of secondary copper and aluminium, has secured a €131.7 million ($150 million) credit facility. The credit facility was provided by Rivonia Road Capital, a California-headquartered private capital manager specialising in asset-backed lending. The credit facility comes after the company raised €14 million in Series A funding in February 2025. In December […] The…
Cologne-based Metycle, a supplier of secondary copper and aluminium, has secured a €131.7 million credit facility to expand its operations. The funding was provided by Rivonia Road Capital, a California-based private capital manager specializing in asset-backed lending. Metycle, founded in 2022 by Rafael Suchan and Sebastian Brenner, has been operating as a vertically integrated secondary metals company, buying, upgrading and supplying copper, aluminium and other non-ferrous metals to industrial customers globally.
The company has reported a 150% growth in the past year, with €103 million worth of secondary metals traded and a presence in 15 countries. Metycle's business model is built on three pillars: a global trading operation, SmartSorting Hubs utilizing AI-enabled sorting and laser-induced breakdown spectroscopy, and TrustTrack, a digital layer that documents material origin, quality, processing and logistics.
The company's co-founder and CEO, Suchan, stated that the credit facility will enable Metycle to finance larger transactions and deliver consistent flows of specified secondary feedstock to industrial customers, ultimately making secondary supply behave more like an industrial raw material.
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