H2 Green Steel

H2 Green Steel: Series C Funding Round

H2 Green Steel has successfully raised $1.5B in Series C funding, reaching a valuation of $3.5B.

Company Overview

Fossil-free steel production

Funding Details

The Series C round was led by Altor, with participation from IMAS Foundation, GIC, AP1, AP2, AP3, AP4, Temasek Holdings.

Company Information

• Headquarters: Luleå, Sweden
• Founded: 2020
• Employees: 500+
• Category: Green Steel

Investment

H2 Green Steel plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

• Altor: Verified investor in Series C
• IMAS Foundation: Verified investor in Series C
• GIC: Verified investor in Series C
• AP1: Verified investor in Series C
• AP2: Verified investor in Series C
• AP3: Verified investor in Series C
• AP4: Verified investor in Series C
• Temasek Holdings: Verified investor in Series C