When was Stegra founded?

Stegra was founded in 2020 and raised its 1st funding round 3 years after it was founded.

Where is Stegra located?

Stegra is headquartered in Stockholm, Sweden.

How many employees does Stegra have?

As of Sep 30, 2026, the latest employee count at Stegra is 821.

Is Stegra a funded company?

Stegra is a funded company, having raised a total of $1.64B across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Apr 01, 2023.

When was the latest funding round of Stegra?

Stegra's latest funding was a $***** Conventional Debt round on Apr 14, 2026, with participation from 0 investor.

Where does Stegra rank among its competitors?

Stegra ranks 2nd amongst 18 active competitors, of which 8 are funded. It stands 1st 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 Stegra?

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

Stegra - 2026 Company Profile, Team, Funding & Competitors

Stegra is a series A company based in Stockholm (Sweden), founded in 2020. It operates as a Developer of technology for green hydrogen, green iron, and green steel. Stegra has raised $1.64B in funding from Wallenberg Investments AB. The company has 18 active competitors, including 8 that are funded. Its top competitors include companies like Electra, GreenIron and Element Zero.

Company Details

Developer of technology for green hydrogen, green iron, and green steel. The company focuses on replacing coal with green hydrogen to refine iron ore. This process emits steam, enabling the production of near-zero emission steel. The company aims to set a new industry standard.

Website: stegra.com/en
Social
Email ID: *****@stegra.com

Key Metrics

Founded Year

2020

Location

Stockholm, Sweden

Stage

Series A

Total Funding

$1.64B in 5 rounds

Latest Funding Round

Conventional Debt, Apr 14, 2026, $*****

Investors

Wallenberg Investments AB & 14 more

Ranked

2^nd among 18 active competitors

Employee Count

821 as on Sep 30, 2026

Similar Companies

Electra & 8 more

View Stegra's full profile

Stegra is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Stegra AB CIN: 559272-3000 , Sweden, Active	Sep 21, 2020	-	-	-

Stegra has raised a total funding of $1.64B over 5 rounds. Its first funding round was on Apr 01, 2023. Stegra has 15 institutional investors.

Here is the list of recent funding rounds of Stegra:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2026	3919694	Conventional Debt	4036668	8154940	4350023	3583329
Apr 14, 2026	1575835	Series A	6975400	9945610	5921935	Temasek & 10 more
Nov 26, 2025	4657537	Grant (prize money)	1880907	6359975	5893448	Swedish Energy Agency

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View details of Stegra's funding rounds and investors

Stegra's Board of Directors

Stegra's board has 3 active members. Henrik Hassel, Ulrika Nordström and Carl-Erik Lagercrantz are part of team.

Here is the list of Stegra's board of directors:

Name	Type	Representing	Status	Duration
yqwyhm{	Team	-	Current	3y 8m
zvkymzm	Team	-	Current	4y 7m
faecyjx	Team	-	Current	7y 1m

Stegra's employee count trend

Stegra has 821 employees as of Sep 26. Here is Stegra's employee count trend over the years:

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Top competitors of Stegra include Electra, GreenIron and Element Zero. Here is the list of Top 10 competitors of Stegra, 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	Temasek, Second AP Fund & 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	45/100
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	34/100
10th	Limelight Steel 2021, San Diego (United States), Seed	Provider of steel manufacturing services	-	Collab Fund, Khosla Ventures & 6 others	33/100