Overview
Diversified corporation in materials, machinery, and electric power.
Founded
1905
Deals · 12mo
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- Stegra
Participated · Series B · Oct 2022
Stegra is an ailing Swedish startup focused on building the world’s biggest green-steel plant. The company has been seeking substantial new capital to complete construction of the facility and to remain in business. Reportedly, Stegra sought 15 billion SEK in fresh funding to stabilize operations and finish the project. A Wallenberg-led investor group committed 7–8 billion SEK as part of that financing, becoming the company’s largest shareholder. The funding was presented as a rescue package to ensure the plant’s completion. The article did not provide operational metrics such as revenue, users, or prior financing details.