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Stegra valuation, funding and investors

stegra.com ↗LinkedIn ↗

Stegra works in steel decarbonization solutions, based in Stockholm, Sweden. Founded in 2020, it has about 821 employees.

Stockholm Growth Equity
VALUATION · TODAY
$16.43B +6% after Growth
Range $11.21B – $24.83B · Grade B
TODAY
+12 MO
$10.00B
$20.00B
$30.00B
2021
2022
2023
2024
2025
2026
2027
Growth $105M
Growth $190M
Series A $256M
Growth $1.60B
Growth $1.59B
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY821 employees
+0%6m growth
+27%1y growth
–2y growth
500
1,000
Data from Nov 2024
TODAY
Predicted in 1 yr $17.50B +6% vs today
Predicted next raise $1.72B if a round comes
Winding-down probability 0%
Last round
Growth · $1.59B · Jun 2026
Valuation at last round
$15.92B · implied
Headcount
821 · up
Grade
B
Founded
2020
How VCMC values companies →

Stegra valuation today

VCMC values Stegra at $16.4B today, with a range of $11.2B to $24.8B and a grade of B. The valuation starts from its last funding round, a growth round in Jun 2026.

Valuation by date (88 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Stegra: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2020$10.2M$3.72M – $28.1M$11.4M (+11%)before first round–unknownD0%
1 Feb 2020$10.3M$3.75M – $28.3M$11.5M (+11%)before first round–unknownD0%
1 Mar 2020$10.4M$3.78M – $28.6M$11.6M (+11%)before first round–unknownD0%
1 Apr 2020$10.5M$3.82M – $28.8M$11.7M (+11%)before first round–unknownD0%
1 May 2020$10.6M$3.85M – $29.1M$11.8M (+11%)before first round–unknownD0%
1 Jun 2020$10.7M$3.89M – $29.3M$11.9M (+11%)before first round–unknownD0%
1 Jul 2020$10.8M$3.92M – $29.6M$12.0M (+11%)before first round–unknownD0%
1 Aug 2020$10.9M$3.96M – $29.9M$12.1M (+11%)before first round–unknownD0%
1 Sep 2020$11.0M$3.99M – $30.1M$12.2M (+11%)before first round–unknownD0%
1 Oct 2020$11.1M$4.03M – $30.4M$12.3M (+11%)before first round–unknownD0%
1 Nov 2020$11.2M$4.07M – $30.7M$12.4M (+11%)before first round–unknownD0%
1 Dec 2020$11.3M$4.10M – $31.0M$12.6M (+11%)before first round–unknownD0%
1 Jan 2021$11.4M$4.14M – $31.2M$12.7M (+11%)before first round–unknownD0%
1 Feb 2021$11.5M$4.18M – $31.5M$12.8M (+11%)before first round–unknownD0%
1 Mar 2021$11.6M$4.21M – $31.8M$12.8M (+11%)before first round–unknownD0%
1 Apr 2021$11.7M$4.25M – $32.1M$12.9M (+11%)before first round–unknownD0%
1 May 2021$11.8M$4.29M – $32.4M$13.0M (+11%)before first round–unknownD0%
25 May 2021$1.1B$703M – $1.8B$1.2B (+10%)after a round–unknownB0%
1 Jun 2021$1.1B$703M – $1.8B$1.2B (+10%)after a round–unknownB0%
1 Jul 2021$1.1B$703M – $1.8B$1.2B (+9%)after a round–unknownB0%
1 Aug 2021$1.1B$703M – $1.8B$1.2B (+8%)after a round–unknownB0%
1 Sep 2021$1.1B$703M – $1.8B$1.2B (+7%)after a round–unknownB0%
1 Oct 2021$1.1B$703M – $1.8B$1.2B (+6%)after a round–unknownB0%
1 Nov 2021$1.1B$703M – $1.8B$1.2B (+5%)after a round–unknownB0%
1 Dec 2021$1.1B$703M – $1.8B$1.2B (+5%)after a round–unknownB0%
1 Jan 2022$1.1B$703M – $1.8B$1.2B (+4%)after a round–unknownB0%
1 Feb 2022$1.1B$703M – $1.8B$1.2B (+3%)after a round–unknownB0%
1 Mar 2022$1.2B$703M – $1.8B$1.2B (+2%)after a round–unknownB0%
1 Apr 2022$1.2B$703M – $1.8B$1.2B (+1%)after a round–unknownB0%
1 May 2022$1.2B$703M – $1.8B$1.2B (+1%)after a round–unknownB0%
1 Jun 2022$1.2B$694M – $1.8B$1.2B (0%)after a round–unknownB0%
1 Jul 2022$1.2B$661M – $1.8B$1.2B (0%)after a round–unknownB0%
1 Aug 2022$1.2B$628M – $1.8B$1.2B (0%)after a round–unknownB0%
30 Aug 2022$1.7B$1.2B – $2.6B$1.8B (+10%)after a round–unknownB0%
1 Sep 2022$1.7B$1.2B – $2.6B$1.8B (+10%)after a round–unknownB0%
1 Oct 2022$1.7B$1.2B – $2.6B$1.8B (+9%)after a round–unknownB0%
20 Oct 2022$1.7B$1.2B – $4.4B$3.1B (+80%)after a round–unknownC0%
1 Nov 2022$1.8B$1.2B – $4.4B$3.1B (+76%)after a round–unknownC0%
1 Dec 2022$1.8B$1.2B – $4.4B$3.1B (+68%)after a round–unknownC0%
1 Jan 2023$1.9B$1.2B – $4.4B$3.1B (+60%)after a round–unknownC0%
1 Feb 2023$2.0B$1.2B – $4.4B$3.1B (+52%)after a round–unknownC0%
1 Mar 2023$2.1B$1.2B – $4.4B$3.1B (+45%)after a round–unknownC0%
1 Apr 2023$2.2B$1.2B – $4.4B$3.1B (+38%)after a round–unknownC0%
1 May 2023$2.4B$1.2B – $4.4B$3.1B (+32%)after a round–unknownC0%
1 Jun 2023$2.5B$1.2B – $4.4B$3.1B (+25%)after a round–unknownC0%
1 Jul 2023$2.6B$1.2B – $4.4B$3.1B (+19%)after a round–unknownC0%
1 Aug 2023$2.7B$1.2B – $4.4B$3.1B (+14%)after a round–unknownC0%
1 Sep 2023$2.9B$1.2B – $4.4B$3.1B (+8%)after a round–unknownC0%
8 Sep 2023$8.3B$5.9B – $13.0B$9.1B (+10%)after a round–unknownB0%
1 Oct 2023$8.4B$5.9B – $13.0B$9.1B (+9%)after a round–unknownB0%
1 Nov 2023$8.4B$5.9B – $13.0B$9.1B (+8%)after a round–unknownB0%
1 Dec 2023$8.5B$5.9B – $13.0B$9.1B (+8%)after a round–unknownB0%
1 Jan 2024$8.6B$5.9B – $13.0B$9.1B (+7%)after a round–unknownB0%
1 Feb 2024$8.6B$5.9B – $13.0B$9.1B (+6%)after a round–unknownB0%
1 Mar 2024$8.7B$5.9B – $13.0B$9.1B (+5%)after a round–unknownB0%
1 Apr 2024$8.8B$5.9B – $13.0B$9.1B (+4%)after a round–unknownB0%
1 May 2024$8.8B$5.9B – $13.0B$9.1B (+3%)after a round–unknownB0%
1 Jun 2024$8.9B$5.9B – $13.0B$9.1B (+3%)after a round–unknownB0%
1 Jul 2024$9.0B$5.9B – $13.0B$9.1B (+2%)after a round–unknownB0%
1 Aug 2024$9.1B$5.9B – $13.0B$9.1B (+1%)after a round–unknownB0%
1 Sep 2024$9.1B$5.9B – $13.0B$9.1B (0%)after a round–unknownB0%
1 Oct 2024$9.1B$5.6B – $13.0B$9.1B (0%)after a round–unknownB0%
1 Nov 2024$9.1B$5.3B – $13.0B$9.1B (0%)after a round360unknownB0%
1 Dec 2024$9.1B$5.1B – $13.0B$9.1B (0%)after a round360unknownB0%
1 Jan 2025$9.1B$5.3B – $13.0B$9.1B (0%)after a round420upB0%
1 Feb 2025$9.1B$5.1B – $13.0B$9.1B (0%)after a round420upB0%
1 Mar 2025$9.1B$5.0B – $13.0B$9.1B (0%)after a round420upB0%
1 Apr 2025$9.1B$4.9B – $13.0B$9.1B (0%)after a round420upB0%
1 May 2025$9.1B$4.7B – $13.0B$9.1B (0%)after a round420upB0%
1 Jun 2025$9.1B$4.6B – $13.0B$9.1B (0%)after a round420upB0%
1 Jul 2025$9.1B$4.5B – $13.0B$9.1B (0%)after a round420upB0%
1 Aug 2025$9.1B$5.4B – $13.0B$9.1B (0%)after a round644growingB0%
1 Sep 2025$9.1B$5.4B – $13.0B$9.1B (0%)after a round644growingB0%
1 Oct 2025$9.1B$5.1B – $13.0B$9.1B (0%)after a round644growingB0%
1 Nov 2025$9.1B$5.0B – $13.0B$9.1B (0%)after a round644growingB0%
1 Dec 2025$9.1B$4.9B – $13.0B$9.1B (0%)after a round644growingB0%
1 Jan 2026$9.1B$4.9B – $13.0B$9.1B (0%)after a round644growingB0%
1 Feb 2026$9.1B$4.8B – $13.0B$9.1B (0%)after a round644growingB0%
1 Mar 2026$9.1B$4.8B – $13.0B$9.1B (0%)after a round644growingB0%
1 Apr 2026$9.1B$4.7B – $13.0B$9.1B (0%)after a round820growingB0%
1 May 2026$9.1B$4.7B – $13.0B$9.1B (0%)after a round820growingB0%
1 Jun 2026$9.1B$4.6B – $13.0B$9.1B (0%)after a round825growingB0%
25 Jun 2026$15.9B$11.2B – $24.9B$17.5B (+10%)after a round825growingB0%
1 Jul 2026$16.0B$11.2B – $24.9B$17.5B (+10%)after a round825growingB0%
1 Aug 2026$16.1B$11.2B – $24.9B$17.5B (+9%)after a round825upB0%
1 Sep 2026$16.2B$11.2B – $24.9B$17.5B (+8%)after a round825upB0%
1 Oct 2026$16.3B$11.2B – $24.8B$17.5B (+7%)after a round821upB0%
24 Oct 2026$16.4B$11.2B – $24.8B$17.5B (+6%)after a round821upB0%

Key facts about Stegra

Founded
2020
Headquarters
Stockholm, Sweden
Employees
about 821 +27% in a year
Total raised
$12.05B
Funding rounds
8
Last round
Growth Equity Jun 2026

Stegra funding history

Stegra has 8 funding rounds on record, from May 2021 to Jun 2026, $12.05B in total. None disclosed a valuation.

  1. Growth Equity 24 Jun 2026

    Led by Wallenberg Investments; with IMAS Foundation, Temasek, Bolero, SEB-Stiftelsen, Altor, Hy24, Just Climate, AMF, AP2, Carbon Equity, Kallskär, Kobe Steel, Lingotto Innovation, Scania, Schaeffler, Security Trading, Stena Metall Finans, Swedbank Robur, AIP Management.

    Sources: stegra.com, stegra.com, esgtoday.com and 4 more

    $1.59B

  2. Grant 22 Jan 2024no round page

    With EU Innovation Fund.

    Sources: news.cision.com, prnewswire.com, gmk.center

    $270M

  3. Debt 22 Jan 2024no round page

    With BNP Paribas, ING, KfW IPEX-Bank, Societe Generale, UniCredit, AIP Management, Svensk Exportkredit (SEK), European Investment Bank, Riksgälden (Swedish National Debt Office), Euler Hermes.

    Sources: techfundingnews.com, stegra.com, vargasholding.com and 4 more

    $4.60B

  4. Growth Equity 7 Sep 2023

    With Kinnevik, Altor, GIC, Hy24, Just Climate, Temasek, Andra AP-fonden, AMF, Hitachi Energy, IMAS Foundation, Schaeffler Group, Vargas Holdings, FAM AB. Individuals: Cristina Stenbeck.

    Sources: kinnevik.com, carbonherald.com

    $1.60B

  5. Debt 24 Oct 2022no round page

    With AB Svensk Exportkredit, BNP Paribas, ING, UniCredit, Societe Generale, KfW IPEX-Bank, European Investment Bank, Euler Hermes, Swedish National Debt Office.

    Sources: prnewswire.com, gmk.center, vargasholding.com

    $3.44B

  6. Series A 19 Oct 2022

    Investors not disclosed.

    Sources: stegra.com, stegra.com, prnewswire.com and 1 more

    $256M

  7. Growth Equity 29 Aug 2022

    Investors not disclosed.

    Sources: stegra.com, prnewswire.com, vargasholding.com

    $190M

  8. Growth Equity 24 May 2021

    With Altor, Ane & Robert Maersk Uggla, BILSTEIN GROUP, InnoEnergy, Exor, FAM, IMAS Foundation, Kingspan, Marcegaglia, Mercedes-Benz AG, Scania, SMS Group, Stena Metall Finans, Vargas.

    Sources: stegra.com, stegra.com, stegra.com and 2 more

    $105M

Stegra investors

49 investors have backed Stegra; Wallenberg Investments led at least one round.

  • Wallenberg Investments lead
  • AMF 2 rounds
  • BNP Paribas 2 rounds
  • Euler Hermes 2 rounds
  • European Investment Bank 2 rounds
  • ING 2 rounds
  • KfW IPEX-Bank 2 rounds
  • Scania 2 rounds
  • Societe Generale 2 rounds
  • Stena Metall Finans 2 rounds
  • Temasek 2 rounds
  • UniCredit 2 rounds
  • AB Svensk Exportkredit
  • Ane & Robert Maersk Uggla
  • AP2
  • BILSTEIN GROUP
  • EU Innovation Fund
  • Exor
  • FAM
  • FAM AB
  • GIC
  • Hitachi Energy
  • Kallskär
  • Kingspan
  • Kinnevik
  • Kobe Steel
  • Lingotto Innovation
  • Marcegaglia
  • Mercedes-Benz AG
  • Riksgälden (Swedish National Debt Office)
  • Schaeffler
  • Schaeffler Group
  • SEB-Stiftelsen
  • Security Trading
  • SMS Group
  • Svensk Exportkredit (SEK)
  • Swedbank Robur
  • Swedish National Debt Office
  • Vargas
  • Vargas Holdings

What Stegra does

Stegra works in scrap metals, with 15 recorded offerings and customers in steel and renewable energy.

Stegra AB is a Swedish company engaged in decarbonizing hard-to-abate industries, with a primary focus on the steel sector. The company operates a fully integrated, digitalized, and circular plant in Boden, northern Sweden, which produces green hydrogen, green iron, and near-zero emission steel. Stegra also manages a supply chain and logistics network, including partnerships with ports, and collaborates with major clients in the automotive and technology sectors. The company is supported by a diverse workforce and is committed to sustainability through the use of renewable electricity, green hydrogen, and green iron.

Description from Veridion's company data.

Products and services

  • Steel Decarbonization Solutions
  • Green Hydrogen Production
  • Green Iron Production
  • Renewable Electricity Utilization
  • Circular Steel Manufacturing
  • Industrial Emissions Reduction Services
  • Sustainable Steel Manufacturing
  • Digitalized Steel Plant Operation
  • Green Industrial Material Supply
  • Long-Term Sustainability Agreements Services
  • Heavy Industry Decarbonization Consulting
  • Green Steel Supply Chain Solutions
  • Circular Steel Process Development
  • Renewable Energy Integration Services
  • Green Steel Logistics Solutions

Markets

  • Steel
  • Renewable Energy

Technology

  • Giga-Scale Electrolyzer for Green Hydrogen Production
  • Green Hydrogen Production
  • Green Iron Production

Supply chain

  • Sustainable Sourcing
  • Green Logistics
  • Supplier Collaboration

Business model

  • Business-to-Business
  • Manufacturing
  • Enterprise

Industry codes (NAICS)

  • 331110 Iron and Steel Mills and Ferroalloy Manufacturing 70% match
  • 325120 Industrial Gas Manufacturing 30% match

Questions about Stegra

What is Stegra worth?

Valuation $16.4B (range $11.2B to $24.8B), as of 24 Oct 2026.

Has Stegra raised money?

Stegra has 8 funding rounds on record, from May 2021 to Jun 2026, $12.05B in total. None disclosed a valuation.

Who has invested in Stegra?

Wallenberg Investments, Altor, IMAS Foundation, AIP Management, AMF and BNP Paribas, and 43 more. Lead investors include Wallenberg Investments.

How many people work at Stegra?

About 821, up 27% over the last year. Headcount grew from 360 in Nov 2024 to 821 in Sep 2026.

What does Stegra do?

Stegra works in scrap metals, with 15 recorded offerings and customers in steel and renewable energy. Its main offerings are steel decarbonization solutions, green hydrogen production and green iron production.

When was Stegra founded, and where is it based?

Stegra was founded in 2020 and is based in Stockholm, Sweden. It has about 821 employees, up 27% over the last year.

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