Tech Company Financing Transactions

H2 Green Steel Funding Round

Altor, Andra AP and GIC participated in a $5.2 billion funding round for H2 Green Steel. The round was announced on 1/22/2024.

Transaction Overview

Company Name
Announced On
1/22/2024
Transaction Type
Debt
Venture Equity
Amount
$5,200,000,000
Round
Undisclosed
Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Riddargatan 23 A 1 tr.
Stockholm, 114 57
SE
Phone
Undisclosed
Email Address
Overview
H2 Green Steel (H2GS AB) was founded in 2020, with the ambition to accelerate the decarbonization of industry using Green Hydrogen. Steel is the company's first industry vertical due to its technological and commercial maturity when it comes to CO2 reduction possibilities. H2 Green Steel accelerates decarbonization of the European steel industry, one of the largest carbon dioxide emitters. The founder and largest shareholder is Vargas, which is also co-founder and one of the larger shareholders in Northvolt.
Profile
H2 Green Steel LinkedIn Company Profile
Social Media
H2 Green Steel Company Twitter Account
Company News
H2 Green Steel News
Facebook
H2 Green Steel on Facebook
YouTube
H2 Green Steel on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Henrik Henriksson
  Henrik Henriksson LinkedIn Profile  Henrik Henriksson Twitter Account  Henrik Henriksson News  Henrik Henriksson on Facebook
Chief Financial Officer
Otto Otto Gernandt
  Otto  Otto Gernandt LinkedIn Profile  Otto  Otto Gernandt Twitter Account  Otto  Otto Gernandt News  Otto  Otto Gernandt on Facebook
Chief Technical Officer
Maria Gulda
  Maria Gulda LinkedIn Profile  Maria Gulda Twitter Account  Maria Gulda News  Maria Gulda on Facebook


 

 

Browse more venture capital transactions:

Prev: 1/22/2024: Captura venture capital transaction
Next: 1/22/2024: Reel venture capital transaction

 

Share this article

 


News on VC Transactions

We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary