TechCrunch
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Austrian startup Metaloop has raised $17 million in a Series A round of funding.
Founded out of Graz , Austria , in 2016 , the startup connects scrap metal sellers with buyers.
The global scrap metal recycling market was pegged as a $58 billion industry in 2021 , a figure that's estimated to nearly double by the end of the decade .
Metaloop has raised $17 million in funding for its latest $4.5 million Series A.
The Austrian startup currently serves 600 clients around the world.
The company also claims a team of around 50, roughly half of which are based in its Austrian HQ, with the remainder distributed globally.
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