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Home COUNTRY DACH

One man’s trash: ScrapBees raises €4 million for innovative recycling solutions

EU Startupsby EU Startups
January 22, 2025
Reading Time: 3 mins read
in DACH, GREEN, VENTURE CAPITAL
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ScrapBees GmbH, a Neuss-based startup in innovative recycling solutions for tradespeople and businesses, has successfully raised €4 million to expand its regional operations nationally.

Joining the effort are new investors NRW.BANK and EIT RawMaterials, alongside continued support from Munich-based impact investor BONVENTURE, Faraday Venture Partners and several Business Angels.

Thilo Hamm, Co-founder of ScrapBees, explains: “Given the ongoing shortage of skilled workers, many trade businesses value our solutions for providing reliable, on-site support directly at construction sites. From removing old heating systems from basements to assisting with the installation of new systems and managing the recycling of all construction site waste, we aim to be an indispensable partner. Our mission is to become the backbone of the heating transition for the plumbing trade. With this new capital and the confidence of our investors, we are committed to advancing this mission by seamlessly integrating our services into the workflows of trade businesses across multiple sectors.”

Founded in 2022 by Thilo Hamm and Florian Kriependorf, ScrapBees addresses the need of efficient recycling in the face of a raw material shortage with a digital-first approach and hands-on service, looking to offer transparent recycling solutions directly to customers.

By managing the ‘first mile’ of the recycling process – handling logistics from construction sites to recipients of unmixed materials – ScrapBees ensures resources are quickly and cleanly returned to the circular economy. 

Gonzalo Tradacete, CEO of Faraday Venture Partners, adds: “ScrapBees embodies the kind of innovative, sustainability-driven solutions we seek to support. Their approach to recycling not only addresses the critical issue of resource scarcity but also contributes significantly to efficiency in key industries like Heating, Ventilation, and Air Conditioning (HVAC). We are thrilled to support Scrapbees in this new phase, alongside new investors, in their mission to transform recycling into a cornerstone of the circular economy.”

With its commitment to the Sanitary, Heating and Air Conditioning (SHAC) industry, the startup ScrapBees is helping achieve climate targets.

“If 500,000 heat pumps are to be installed in Germany every year, that means around 300 kilograms of scrap metal each time. Compared to traditional recycling, our process saves 230 kilograms of CO2 per collected ton,” says Florian Kriependorf, Co-founder of ScrapBees.

Around 400 of ScrapBees’ more than 900 business customers come from the HVAC sector.

ScrapBees’ services are available in all major metropolitan regions in Germany. The startup maintains its own fleet of over 30 vehicles and employs all drivers on a permanent basis.

Companies can register for the service by email, phone, WhatsApp or a online and have it collected at the desired time. The material is analysed, weighed and digitally recorded on site. Electronic proof of disposal is part of the standard process, and the customer receives a credit note for valuable materials. ScrapBees sells the collected material to a network of national retailers and processors, sorted by type and with clearly documented origin.

Over the next 12 months, ScrapBees plans to gradually roll out its services under the ScrapBeesbrand throughout Germany.

Thilo Hamm concludes: “Over 400 customers from the HVAC sector, including many national suppliers, are already using our solutions in their processes. Together with them, we are aiming for strong growth and plan to expand further by acquiring new customers. We also want to relieve companies from other sectors with our efficient recycling services so that they can focus more on their core business.”

Read the orginal article: https://www.eu-startups.com/2025/01/one-mans-trash-scrapbees-raises-e4-million-for-innovative-recycling-solutions/

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