Brickbat: The Unfriendly Skies

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Material wealth: Scrap metal trading marketplace Metaloop raises $17M

European Union (EU) lawmakers this month announced plans to reduce waste and increase recycling across the bloc, with proposals to collect and process 45% of 16 identified “strategic” raw materials by 2030. At the same time, numerous startups have been raising sizable VC dollars for technologies that help people and industries reuse and recycle materials such as plastic; batteries; carbon fiber; carpet; and, indeed, metal. One such startup is Metaloop, a seven-year-old Austrian company that connects scrap metal sellers with buyers, which today announced it has raised €16 million ($17 million) in a Series A round of funding.

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