Flow Partners advises Schrott24
€2.8 million fundraise by Statkraft Ventures, Gisbert Ruehl and FJ Labs
Graz, Austria — 15 June 2020
Flow Partners acted as a financial advisor to Schrott24, an Austrian online marketplace that enables scrap metal sellers to maximize their financial returns, and scrap metal recyclers to operate at full capacity. Flow Partners provided a financial modelling advisory in relation to a €2.8 million seed fundraise by Statkraft Ventures, Gisbert Ruehl and FJ Labs.
Schrott24 is a provider of an online scrap metal marketplace intended to digitize the scrap metal industry. The company's marketplace revolutionizes the metal recycling industry by making the market transparent, digital and efficient and making processes simplified and automated as well as build a digital platform that has a global impact on the scrap market, enhances its inefficient processes through technology, and creates a sustainable future, enabling scrap dealers, recyclers, and factories to increase their capacity utilization, acquire new suppliers and maximize their financial returns.
About Flow Partners
Flow Partners is a new-age technology advisory boutique, providing transaction advice to the companies and investors that shape up the global digital ecosystem. Founded in 2020, the firm operates worldwide and has presence in London, Berlin, Warsaw and Miami. For more information, please visit www.flowpartners.io.
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