Funding round
Stegra Series A
Stegra, which works in steel decarbonization solutions in Stockholm, raised $256M in a Series A round announced on 19 Oct 2022. It is Stegra's third venture round on record; the one before was a Growth in Aug 2022.
$256M
Amount raised
260,000,000 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 2 months after Stegra's Growth. It is 6.8% of the $3.74B Stegra has raised in the venture rounds on record. Stegra raised again 11 months later: a Growth round of $1.60B in Sep 2023.
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
8 Series A rounds in Scrap Metals within a year either side disclosed an amount; the median was $29M, and this round was 9.0 times the median. The closest in time, other companies' Series A rounds in Scrap Metals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Scrap Metals | 21 Jun 2022 | $50M | not disclosed | not named |
| Scrap Metals | 15 Mar 2023 | $30M | not disclosed | Fifth Wall and HG Ventures |
| Scrap Metals | 25 Apr 2023 | $27M | not disclosed | Energy Impact Partners and BMW i Ventures |
| Scrap Metals | 2 Mar 2022 | $6.2M | $180M | not named |
| Scrap Metals | 15 Feb 2022 | $13M | not disclosed | Frankstahl and VoLo Earth |
| Scrap Metals | 24 Jan 2022 | $99M | not disclosed | IMM Investment |
| Scrap Metals | 19 Sep 2023 | $17M | not disclosed | FirstMark |
| Scrap Metals | 9 Oct 2023 | $42M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Stegra raise in its Series A round?
Stegra raised $256M in its Series A round, announced in Oct 2022.
What was Stegra's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Scrap Metals?
8 Series A rounds in Scrap Metals within a year either side disclosed an amount; the median was $29M, and this round was 9.0 times the median.
Did Stegra raise again after this round?
Yes: a Growth round in Sep 2023 of $1.60B.