Funding round
Stegra Growth
Reported as "Growth Equity"
Stegra, which works in steel decarbonization solutions in Stockholm, raised $1.59B in a Growth round announced on 24 Jun 2026, led by Wallenberg Investments. 20 firms took part, 17 of them already investors. It is Stegra's fifth venture round on record; the one before was a Growth in Sep 2023.
$1.59B
Amount raised
1,400,000,000 EUR converted
Not disclosed
Post-money valuation
20
Investors
1 lead
Valuation
What this round says about the price
Stegra did not disclose a valuation in this round. It came 33 months after Stegra's Growth. It is 43% of the $3.74B Stegra has raised in the venture rounds on record. No later venture round is on record for Stegra.
Stegra's funding rounds
Stegra has 5 venture rounds on record and 3 other deals. This one is highlighted.
Investors
Who put money in
Wallenberg Investments led the round with 19 other firms. Wallenberg Investments, IMAS Foundation, Altor and Hy24 and 13 more had backed Stegra before.
Lead investor
- Wallenberg Investments existing investor
Also in the round
- backs 4 venture-backed companies existing investor
- Temasek backs 195 venture-backed companies new investor
- new investor
- SEB-Stiftelsen new investor
- backs 3 venture-backed companies existing investor
- backs 7 venture-backed companies existing investor
- backs 8 venture-backed companies existing investor
- AMF existing investor
- AP2 existing investor
- backs 6 venture-backed companies existing investor
- Kallskär existing investor
- Kobe Steel existing investor
- Lingotto Innovation existing investor
- Scania existing investor
- Schaeffler existing investor
- Security Trading existing investor
- Stena Metall Finans existing investor
- Swedbank Robur existing investor
- existing investor
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
8 Growth rounds in Scrap Metals within a year either side disclosed an amount; the median was $105M, and this round was 15 times the median. The closest in time, other companies' Growth rounds in Scrap Metals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Scrap Metals | 16 Jun 2026 | $280M | not disclosed | Overmatch Ventures and The New Industrial Corporation |
| Scrap Metals | 21 May 2026 | $134M | not disclosed | Sev.en Global Investments |
| Scrap Metals | 27 Aug 2026 | $75M | not disclosed | T. Rowe Price Associates, Inc. |
| Scrap Metals | 24 Apr 2026 | $32M | not disclosed | not named |
| Elmet Technologies Scrap Metals | 14 Sep 2026 | $450M | not disclosed | United States Department of War |
| Elmet Technologies Scrap Metals | 15 Sep 2026 | $450M | not disclosed | not named |
| Scrap Metals | 25 Sep 2026 | $75M | not disclosed | Bain Capital Ventures |
| Scrap Metals | 20 Nov 2025 | $45M | not disclosed | T. Rowe Price Associates and VXI Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Stegra raise in its Growth round?
Stegra raised $1.59B in its Growth round, announced in Jun 2026.
Who led Stegra's Growth round?
Wallenberg Investments led it, with IMAS Foundation, Temasek, Bolero, SEB-Stiftelsen and Altor and 14 more.
What was Stegra's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Scrap Metals?
8 Growth rounds in Scrap Metals within a year either side disclosed an amount; the median was $105M, and this round was 15 times the median.