Scoop: GreenIron secures €20m as Sweden's richest family grabs controlling stake
15 okt. 2025
12:58
GreenIron, the Swedish startup aiming to produce greener steel and iron, has raised around €10.6m in new capital.
In a parallel move, the Wallenberg family's investment firm FAM has exchanged €9.4m in convertible loans for equity, making them the company’s largest shareholder, Impact Loop can reveal.
Read more on:
→ GreenIron's new revenue figures
→ The supplier dispute
→ And new appointments to the board
In a parallel move, the Wallenberg family's investment firm FAM has exchanged €9.4m in convertible loans for equity, making them the company’s largest shareholder, Impact Loop can reveal.
Read more on:
→ GreenIron's new revenue figures
→ The supplier dispute
→ And new appointments to the board
Swedish climate tech startup GreenIron has raised €10.6m from undisclosed investors as it looks to scale its hydrogen-based process for producing fossil-free iron and steel from industrial waste.
In a parallel move, the Wallenberg family’s investment firm FAM has converted €9.4m in convertible loans into equity, becoming GreenIron’s largest shareholder with just under 30% of the company, Impact Loop reveals.