When was LKAB founded?

LKAB was founded in 1890 and raised its 1st funding round 125 years after it was founded.

Where is LKAB located?

LKAB is headquartered in Lulea, Sweden. It is registered at Bolagsgata 40, 8514, NARVIK.

How many employees does LKAB have?

As of Feb 12, 2025, the latest employee count at LKAB is 169.

Is LKAB a funded company?

LKAB is a funded company, having raised an undisclosed amount across 12 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2015.

When was the latest funding round of LKAB?

LKAB's latest funding was a $***** Grant (prize money) round on Apr 01, 2022, with participation from 1 investor.

Where does LKAB rank among its competitors?

LKAB ranks 10th amongst 199 active competitors, of which 6 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was ArcelorMittal, which secured $906M in May, 2024.

Who are the top competitors of LKAB?

LKAB's top competitors include Fortescue, Lundin Mining and Fortescue Metals. Among them, ArcelorMittal secured the most recent funding round in May, 2024.

LKAB - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: lkab.com
Social
Email ID: *****@lkab.com
Phone Number: +46 **********
Registered Address: Bolagsgata 40, 8514, NARVIK

Key Metrics

Founded Year

1890

Location

Lulea, Sweden

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Apr 01, 2022, $*****

Investors

Europa

Ranked

10^th among 199 active competitors

Employee Count

169 as on Feb 12, 2025

Investment & Acquisitions

Reetec

Similar Companies

Fortescue & 94 more

View LKAB's full profile

LKAB is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LKAB NORGE AS CIN: 918400184 , Norway, Active	Mar 01, 1901	-	177 (As on Dec 31, 2022)

LKAB has raised funding over 12 rounds. Its first funding round was on Jan 01, 2015. Its latest funding round was a Grant (prize money) round on Apr 01, 2022 for $*****. 1 investor participated in its latest round. LKAB has 1 institutional investor.

Here is the list of recent funding rounds of LKAB:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 01, 2022	4610078	Grant (prize money)	9956696	4341943	1771056	4803024
Feb 26, 2020	8142264	Grant (prize money)	4953414	6758359	1747991	Europa
Jul 01, 2018	2462794	Grant (prize money)	3839309	5060158	2789101	Europa

Access funding benchmarks and valuations. Sign up today!

View details of LKAB's funding rounds and investors

LKAB's employee count trend

LKAB has 169 employees as of Feb 25. Here is LKAB's employee count trend over the years:

Uncover LKAB's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of LKAB include Fortescue, Lundin Mining and Fortescue Metals. Here is the list of Top 10 competitors of LKAB, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fortescue 2003, Perth (Australia), Public	Provider of mining services	-	Carlton Investments, Europa	62/100
2nd	Lundin Mining 1994, Toronto (Canada), Public	Base metals mining and exploration company focused on copper, nickel and zinc deposits	-	SEB, RBC Royal Bank & 4 others	59/100
3rd	Fortescue Metals 2003, Perth (Australia), Public	Producer of iron ore	-	CVC, Carlton Investments & 3 others	59/100
4th	ArcelorMittal 1976, Luxembourg (Luxembourg), Public	Manufacturer & supplier of steel products and iron ore mining materials	-	EQ Partner, 27th Street Capital & 11 others	55/100
5th	NMDC 1958, Hyderabad (India), Public	Iron ore producer of India	-	-	54/100
6th	Sandurgroup 1838, Bengaluru (India), Public	Provider of iron ore mining services	-	-	51/100
7th	Sree Metaliks 1995, Keonjhar (India), Unfunded	Manufacturer of iron ore pellets, sponge iron, steel billets, iron bars, and pig iron	-	-	51/100
8th	CAP 1946, Las Condes (Chile), Funding Raised	Producer of iron minerals and pellets	-	Bank of America, J P Morgan	50/100
9th	Metro Mining 2004, Brisbane (Australia), Public	Mining and exploration company focused on bauxite deposits	$6.06M	Resource Capital Funds, Greenstone Resources ... & 1 others	50/100
10th	LKAB 1890, Lulea (Sweden), Funding Raised	Provider of iron ore, minerals, and other products exploration services	-	Europa	49/100