Funding round
Stegra Growth
Reported as "Growth Equity"
Stegra, which works in steel decarbonization solutions in Stockholm, raised $190M in a Growth round announced on 29 Aug 2022. It is Stegra's second venture round on record; the one before was a Growth in May 2021.
$190M
Amount raised
190,000,000 EUR converted
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Stegra did not disclose a valuation in this round. It came 15 months after Stegra's Growth. It is 5.1% of the $3.74B Stegra has raised in the venture rounds on record. Stegra raised again 2 months later: a Series A round of $256M in Oct 2022.
Stegra's funding rounds
Stegra has 5 venture rounds on record and 3 other deals. This one is highlighted.
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 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 |
| Scrap Metals | 9 Feb 2023 | $50M | not disclosed | Marubeni Corporation |
| Clothing Stores | 4 Aug 2022 | $700M | not disclosed | ACON Investments |
| Virgin Voyages Boat Tours & Cruises | 16 Aug 2022 | $550M | not disclosed | BlackRock |
| Cryptocurrency | 15 Aug 2022 | $350M | $1.00B | Andreessen Horowitz |
| Flow Real Estate Rental | 15 Aug 2022 | $350M | $1.00B | Andreessen Horowitz |
| Home Health Care | 4 Aug 2022 | $320M | not disclosed | Kairos HQ |
| Lunar Energy Batteries | 24 Aug 2022 | $300M | not disclosed | Sunrun and SK Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Stegra raise in its Growth round?
Stegra raised $190M in its Growth round, announced in Aug 2022.
What was Stegra's valuation at the Growth round?
It was not disclosed.
Did Stegra raise again after this round?
Yes: a Series A round in Oct 2022 of $256M.