COMPANY PROFILE

GreenIron AB

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A Swedish company focused on cost-efficient fossil-free reduction of metal oxides to pure metals

Stockholm, SwedenFounded 2018Energy

Valuation $50–100M Last recorded · 2025

Revenue <$1M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About GreenIron AB

GreenIron H2 AB is a Swedish company specializing in the fossil-free reduction of metal oxides to pure metals, primarily serving the mining and steel industries. The company operates in the sustainable materials sector, focusing on recycling waste and residues to produce 100% pure fossil-free iron. GreenIron's innovative process is energy-efficient, cost-effective, and significantly reduces environmental impact. The business model revolves around providing a sustainable solution that enhances productivity and profitability for its clients. GreenIron generates revenue by offering its proprietary technology and services to foundries and other industry participants looking to adopt greener practices. The company’s market includes environmentally conscious businesses aiming to reduce CO2 emissions and improve their sustainability footprint.

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At a glance

Status: Operational
Founded: 2018
Headquarters: Stockholm, Sweden
Employees: 44
Open positions: None listed
Dealroom signal: 89.2/100
Industry: Energy
Sub-industry: Waste Solution
Sector: Energy, Recycling, Steel, Sustainable Development Goals, Advanced Materials, Climate Tech, Circular Economy, Metal, EIT Ecosystem, Horizon Europe
Technology: Hardware
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VC✓Equity / VC	Oct 2025	$15M	$61M	Vinge	↗
EARLY VC✓Equity / VC	Jul 2024	$12M	$48M	FAM · Almi Invest	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	Profit	Margin
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

GreenIron AB website traffic

Latest recorded traffic for GreenIron AB is 3.3K monthly website visits, up 106.3% over the last three months. GreenIron AB's team grew 12.8% over the past year.

Latest monthly visits3.3K 3-month web change+106.3% 1-year team growth+12.8%

Monthly website visitsDec 2022–Jul 2026

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Closest operating peers by Dealroom taxonomy

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Company	Headquarters	Status	Employees	Total funding	Valuation
PCPurified Metal CompanyThe first company in the world that is able to process hazardous steel scrap into a clean premium raw material in a sustainable and economically responsible manner	Farmsum, Netherlands	Operational	5	$8.7M	$36M
OXOxaraCommunity interested in moving toward sustainable construction and circular economy	Dietikon, Switzerland	Operational
CLComposite Recycling LtdRecover valuable raw materials economically from waste plastics and other wastes, such as glass/carbon fibre composites, aluminium-laminated plastics, lithium-ion batteries and tyres with recycling on molten metals	Cork, Ireland	Operational
TNTNDCompany specializing in research and industrialization of processes for recycling electronic waste Li-ion batteries	Saint-André-lez-Lille, France	Operational
STStegraFormerly H2 Green Steel, large-scale steel producer based on a fossil-free manufacturing process targeting large European OEMs	Stockholms kommun, Sweden	Operational
GRGravithyHydrogen-produced low-carbon iron for steel industry decarbonization	Marseille, France	Operational
FIFineCellBiobased micro- and nanocellulose for sustainable products	Linköpings kommun, Sweden	Operational
AVAvertanaCircular economy technology to refine steelmaking waste into essential raw materials used to make everyday products with zero waste, no mining, less cost, and much lower CO2 emissions	Auckland, New Zealand	Operational