Altor supports H2 Green Steel on EUR 190 million funding round
Altor Fund V (Altor) continues to support the Swedish green impact company H2 Green Steel in its first close of the Series B equity financing. The key investors in the financing round next to Altor are AMF, GIC, Schaeffler, Swedbank Robur and Vargas Holding. Existing shareholders continue to support the company with additional equity funding, including such investors as Kingspan, FAM, Marcegaglia, IMAS Foundation, Cristina Stenbeck and Daniel Ek.Altor was also part of the initial Series A equity financing in March 2021.H2 Green Steel was founded in 2020 with the ambition to accelerate the