FirstMark Capital
Assembly Line
Austrian firm Metaloop raises a €16M Series A for scrap metal recycling software
The Austrian scrap metal marketplace, founded by Alexander Schlick and Jan Pannenbäcker, has just raised an oversubscribed Series A funding round of over €16 million. The funds will see the software firm source top talent to join its sales, recycling operations, product, data and development teams as it eyes further growth of its digital enterprise software platform.
The round was led by capital from the US as FirstMark Capital backed the metal recycling cause. The round also included participation by Silence VC and existing investors Statkraft Ventures and FJ Labs.
CognitOps Raises $11M Series A Funding Led by FirstMark Capital and Announces New Austin, TX HQ
CognitOps will use the funds to expand internationally, increase sales capacity, and expand product development. Although global supply chains have invested over $10 billion in warehouse management solutions (WMS) over the past five years, operators are still struggling to adapt to labor shortages, accelerated service levels, and disrupted supply bases. The CognitOps platform empowers supply chain leaders to make better, faster decisions to manage complexity, reduce cost, and improve cycle time without the need to upgrade or replace their existing investments.