Eleven million US dollars for Metalshub

The Düsseldorf-based start-up offers transparent supply chains and a digital trading platform for metals and raw materials. It has now raised eleven million US dollars in its current financing round.

A platform for trading metal and raw materials: This is what the start-up Metalshub has been offering since 2016. The Düsseldorf-based company has now raised eleven million US dollars in a Series A financing round. Acton Capital is leading the round, along with existing investors Point Nine and Chromo Invest, as well as several business angels.

The money will be invested in expansion outside Europe, explains founder Sebastian Kreft: "We want to use this fresh capital to use this strong momentum to establish Metalshub beyond Europe. We expect to reach our next major milestone of one billion US dollars in total sales by the end of 2021."

Metalshub facilitates supply chain transparency through its digital ecosystem. This can reduce CO2 emissions and costs, according to the company. "With our focus on the physical metal and scrap trading sector, we have managed to address the specific needs of our industry," explains co-founder Frank Jackel. Today, Metalshub has over 1,000 customers.