Funding round
Stegra Growth
Reported as "Growth Equity"
Stegra, which works in steel decarbonization solutions in Stockholm, raised $1.60B in a Growth round announced on 7 Sep 2023. 13 firms took part, 1 of them already investors, with 1 individual investor. It is Stegra's fourth venture round on record; the one before was a Series A in Oct 2022.
$1.60B
Amount raised
1,500,000,000 EUR converted
Not disclosed
Post-money valuation
13
Investors
no lead named
Valuation
What this round says about the price
Stegra did not disclose a valuation in this round. It came 11 months after Stegra's Series A. It is 43% of the $3.74B Stegra has raised in the venture rounds on record. Stegra raised again 33 months later: a Growth round of $1.59B in Jun 2026.
Stegra's funding rounds
Stegra has 5 venture rounds on record and 3 other deals. This one is highlighted.
Investors
Who put money in
13 firms took part; no lead investor was named.
Investors
- Kinnevik backs 55 venture-backed companies existing investor
- backs 3 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- AMF new investor
- Hitachi Energy new investor
- backs 4 venture-backed companies new investor
- Schaeffler Group new investor
- Vargas Holdings new investor
- FAM AB new investor
Individual investors: Cristina Stenbeck.
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: 1 in Scrap Metals, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Scrap Metals | 9 Feb 2023 | $50M | not disclosed | Marubeni Corporation |
| Stack Tech Companies | 7 Sep 2023 | $1.00B | not disclosed | SoftBank Group |
| Wayflyer Loans & Financing | 5 Sep 2023 | $1.00B | not disclosed | Neuberger Berman |
| Wales & West Utilities Utility companies | 27 Sep 2023 | $924M | not disclosed | not named |
| Groceries Delivery | 8 Sep 2023 | $500M | $2.50B | Mubadala |
| BioFirst Group Chemicals | 30 Sep 2023 | $423M | not disclosed | not named |
| Resorts | 8 Sep 2023 | $360M | $3.00B | not named |
| Butternut Box Food Production | 4 Sep 2023 | $354M | not disclosed | General Atlantic |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Stegra raise in its Growth round?
Stegra raised $1.60B in its Growth round, announced in Sep 2023.
Which investors took part in Stegra's Growth round?
Kinnevik, Altor, GIC, Hy24, Just Climate and Temasek and 7 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 Jun 2026 of $1.59B.