ScrapAd, the leading B2B digital platform for buying and selling recyclable metals, has closed a €6 million Series A funding round led by Suma Capital, an investment manager specializing in sustainability and impact, and Inclimo. The round also included participation from Faraday Venture Partners, BStartup10, and other investors.

This investment marks an important milestone in ScrapAd’s international scale-up. The company will accelerate its entry into key European and Asian markets while strengthening the development of its proprietary technology, built on automation, traceability and advanced digital intelligence. ScrapAd already operates in 47 countries and has increased its transaction volume sixfold over the past two years.

With a genuinely transformative vision, ScrapAd has digitalized a sector traditionally defined by fragmentation and limited transparency. Its platform integrates advanced language-processing models, AI-driven risk management systems, and tools that enhance professionalism across the entire value chain. The company’s environmental impact to date is equally notable: more than 160,000 tonnes of CO₂ avoided, over 237 million kWh of energy saved and nearly 140 million litres of water preserved since its founding.

Suma Capital’s investment is made through its SC Venture strategy, which focuses on supporting technologies that accelerate decarbonization and the transition to a more sustainable economy. Specifically, the deal falls under its Early-Stage approach, aimed at backing climatetech startups in their initial growth phases.

Samuel Ruiz, CEO and co-founder of ScrapAd, said: “This investment strengthens our ability to transform and professionalize a global industry by delivering greater transparency, security and efficiency for our clients. Our ambition is to consolidate a single marketplace for trading recycled metals that brings together financing, traceability and data, enabling fully professionalized management from a single platform”.

Josep Miquel Torregrosa, partner at Suma Capital, added: “ScrapAd represents exactly the kind of solution we seek to support: technology that generates tangible environmental impact while raising industry standards in a sector that is essential to the transition toward a circular economy. We are delighted to accompany the team as they embark on this new phase of international expansion”.