Funding round
Stegra Growth
Reported as "Growth Equity"
Stegra, which works in steel decarbonization solutions in Stockholm, raised $105M in a Growth round announced on 24 May 2021. 14 firms took part. It is Stegra's first venture round on record.
$105M
Amount raised
Not disclosed
Post-money valuation
14
Investors
no lead named
Valuation
What this round says about the price
Stegra did not disclose a valuation in this round. It is Stegra's first venture round on record, 1 year after it was founded in 2020. It is 2.8% of the $3.74B Stegra has raised in the venture rounds on record. Stegra raised again 15 months later: a Growth round of $190M in Aug 2022.
Stegra's funding rounds
Stegra has 5 venture rounds on record and 3 other deals. This one is highlighted.
Investors
Who put money in
14 firms took part; no lead investor was named.
Investors
- backs 3 venture-backed companies new investor
- Ane & Robert Maersk Uggla new investor
- BILSTEIN GROUP new investor
- backs 35 venture-backed companies new investor
- Exor new investor
- FAM new investor
- backs 4 venture-backed companies new investor
- Kingspan new investor
- Marcegaglia new investor
- Mercedes-Benz AG new investor
- Scania new investor
- SMS Group new investor
- Stena Metall Finans new investor
- Vargas new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Scrap Metals, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Scrap Metals | 18 May 2022 | $80M | not disclosed | Ara Partners |
| cinch Automobile Dealers & Manufacturers | 28 May 2021 | $1.42B | not disclosed | not named |
| Sinch Telecommunications | 24 May 2021 | $1.10B | not disclosed | SoftBank Group Corp. |
| Wealthsimple Investment Consultants & Financial Advisors | 3 May 2021 | $610M | $4.07B | Meritech Capital and Greylock Partners |
| INTREN Construction Services | 6 May 2021 | $420M | not disclosed | not named |
| Tech Companies | 11 May 2021 | $383M | not disclosed | Turn/River |
| Tech Companies | 13 May 2021 | $290M | not disclosed | Insight Partners |
| Tech Companies | 6 May 2021 | $277M | $2.10B | Summit Partners and ICONIQ Growth |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Stegra raise in its Growth round?
Stegra raised $105M in its Growth round, announced in May 2021.
Which investors took part in Stegra's Growth round?
Altor, Ane & Robert Maersk Uggla, BILSTEIN GROUP, InnoEnergy, Exor and FAM and 8 more.
What was Stegra's valuation at the Growth round?
It was not disclosed.
Did Stegra raise again after this round?
Yes: a Growth round in Aug 2022 of $190M.