Where is Blastr located?

Blastr is headquartered in Norway.

How many employees does Blastr have?

As of Jul 31, 2026, the latest employee count at Blastr is 12.

Is Blastr a funded company?

Blastr is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on 2024.

When was the latest funding round of Blastr?

Blastr's latest funding was a $***** PE round on 2024, with participation from 1 investor.

Where does Blastr rank among its competitors?

Blastr ranks 9th amongst 18 active competitors, of which 8 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Stegra, which secured $1.64B in Apr, 2026.

Who are the top competitors of Blastr?

Blastr's top competitors include Electra, Stegra and GreenIron. Among them, Stegra secured the most recent funding round in April, 2026.

Blastr - 2026 Company Profile, Funding & Competitors

Blastr is a late stage company based in Norway. It operates as a Producer of ultra-low CO₂ steel using hydrogen. It replaces coal and coke with hydrogen in the steel production process, drastically reducing carbon emissions. The company develops integrated, decarbonized, and scalable value chains for ultra-low CO₂ steel production. This approach aims to create a cost-competitive product while contributing to a more sustainable future. It is supported by strategic partners and technology providers.. Blastr has raised an undisclosed amount in funding. The company has 18 active competitors, including 8 that are funded. Its top competitors include companies like Electra, Stegra and GreenIron.

Company Details

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Key Metrics

Location

Norway

Stage

Late Stage

Latest Funding Round

PE, 2024, $*****

Investors

Tesi

Ranked

9^th among 18 active competitors

Employee Count

12 as on Jul 31, 2026

Similar Companies

GreenIron & 6 more

View Blastr's full profile

Blastr has raised funding over 1 round. Its latest funding round was a PE round on 2024 for $*****. 1 investor participated in its latest round. Blastr has 1 institutional investor.

Here is the list of recent funding rounds of Blastr:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2024	3898	PE	2686	5113	4557	2563

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Blastr's employee count trend

Blastr has 12 employees as of Jul 26. Here is Blastr's employee count trend over the years:

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Top competitors of Blastr include Electra, Stegra and GreenIron. Here is the list of Top 10 competitors of Blastr, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Electra 2020, Boulder (United States), Series B	Manufacturer of clean iron using electrochemical processes and iron ore	$299M	Capricorn, Temasek & 19 others	65/100
2nd	Stegra 2020, Stockholm (Sweden), Series A	Developer of technology for green hydrogen, green iron, and green steel	$1.64B	Wallenberg Investments AB, IMAS & 13 others	60/100
3rd	GreenIron 2018, Stockholm (Sweden), Series A	Provider of CO2-free metal production using recycled materials	$5.51M	FAM, Almi Invest	49/100
4th	Element Zero 2022, Malaga (Spain), Seed	Developer of electrochemical processes for zero emission metal ore conversion	$10M	Playground Global	44/100
5th	Herthametals Series B	Developer of sustainable steel production technology	$17M	Clean Energy Ventures, Breakthrough Energy ... & 3 others	43/100
6th	GravitHy 2022, Marseille (France), Series A	Developer of low-carbon iron	$64.8M	Marcegaglia, ENGIE New Ventures & 5 others	42/100
7th	Meranti Green Steel 2023, Singapore, Unfunded	Manufacturer of iron and steel products using green hydrogen technology	-	-	36/100
8th	Hydnum Steel Funding Raised	Provider of an online event listing and ticketing platform	-	Mintur	35/100
9th	Blastr Norway, Late Stage	Producer of ultra-low CO₂ steel using hydrogen. It replaces coal and coke with hydrogen in the steel production process, drastically reducing carbon emissions. The company develops integrated, decarbonized, and scalable value chains for ultra-low CO₂ steel production. This approach aims to create a cost-competitive product while contributing to a more sustainable future. It is supported by strategic partners and technology providers.	-	Tesi	35/100
10th	Limelight Steel 2021, San Diego (United States), Seed	Provider of steel manufacturing services	-	Collab Fund, Khosla Ventures & 6 others	33/100