H2 Green Steel Raises Additional EUR70 Million in Series B Funding
10/19/2022 - Steelmaking startup H2 Green Steel has reached the final close on a EUR260 million round of Series B equity funding, the company has announced.
According to H2 Green Steel, the private placement round that was co-led by AMF, GIC and Schaeffler, alongside existing investor Altor.
“In addition to already communicated investments by Hitachi Energy and Kobe Steel, the close of the round adds new shareholders Swedish investment company Kinnevik, and a climate-focused institutional investment fund,” it said.
The funding will be used to help bring the company’s planned green steel plant in northern Sweden into being.
H2 Green Steel closed its series A equity round of EUR86 million in May 2021 and announced the first close of its Series B round of in August 2022, raising EUR$190 million.
