Deals
Green Steelmaker H2 Seeks New Funds at $2.3 Billion Value
- H2 is working with advisers on latest fundraising round
- Swedish firm raised initial $105 million from investors in May
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H2 Green Steel is in talks to raise money from investors that could value the Swedish startup at more than 2 billion euros ($2.3 billion), according to people familiar with the matter.
The company, whose backers include Mercedes-Benz AG and Spotify Technology SA co-founder Daniel Ek, is working with advisers on raising more than 1 billion euros, the people said, asking not to be identified discussing confidential information.