Metycle lands $150M credit facility to scale secondary metals trade
What's the deal? Metycle, a global supplier of secondary copper and aluminum, has secured a $150 million credit facility from Rivonia Road CapitalDealroom has a profile for this one. Try Dealroom →, a private capital manager focused on asset-backed lending. The financing will fund transactions across the full trade cycle, from supplier payment to buyer settlement.
What's the endgame? Metycle wants to make recycled metal behave like a standardised industrial input. Its vertically integrated model pairs commodity trading with physical processing and digital verification to move scrap from source to smelter more predictably.
Why now? Copper and aluminum are central to electrification, power grids, data center infrastructure, and advanced manufacturing. With new primary supply slow to develop, reliable secondary supply is becoming more important to raw material security — yet the market stays fragmented, with inconsistencies across specifications, data quality, and documentation that make deals hard to finance at scale.
What's the money for? The facility lets Metycle execute larger transactions, move greater volumes, and expand supply to industrial buyers and smelters. It also creates a repeatable framework for financing complex physical commodity trades with institutional private credit.
In their words: "Secondary metals do not lack demand. They lack predictability," said Rafael Suchan, chief executive officer and co-founder of Metycle. "This facility gives us the capacity to finance substantially more material through that system and serve customers at a much greater scale."
Metycle's first SmartSorting Hub, in Maasmechelen, Belgium, combines AI-enabled sorting, spectroscopy, and proprietary data to turn mixed scrap into smelter-ready feedstock. Its TrustTrack layer links records on material identity, quality, custody, and logistics to individual batches and trades.
The signal: The deal ranks among the largest debt rounds in its category — above the 95th percentile for IoT-linked companies in Germany, based on 208 comparable rounds. It reflects a broader shift: as demand for sustainable raw materials climbs, institutional private credit is stepping in to finance the physical commodity infrastructure banks have long found hard to underwrite.
Read more: business.thepilotnews.com
Image credit: MAG (Mines Advisory Group)
