# Altor

> Altor is a VC fund in Stockholm backing Manufacturing and E-Commerce. See 62 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 62
- Last investment: Apr 2026
- Lead investor: 19%
- Fund size: $2.8B
- Last fund: Feb 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/altor/
- Website: http://www.altor.com

Altor is a family of private equity funds focused on investing in and developing medium-sized companies. They want to create enduring value and make a real difference as a valuable partner for owners and managers in building world-class companies.

## Contacts

5 contacts available for Altor. Shizune tracks 11 team members at Altor. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/altor-equity-partners?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $68M–$190M |
| Private Equity | $326M–$1.9B |
| Post-IPO Equity | $8.8M–$27M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 10 | 16% |
| E-Commerce | 5 | 8% |
| Energy | 4 | 6% |
| Fashion | 4 | 6% |
| Renewable Energy | 4 | 6% |

87 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 37 | 60% |
| Post-IPO Equity | 5 | 8% |
| Series B | 3 | 5% |
| Funding Round | 3 | 5% |
| Venture - Series Unknown | 3 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 17 | 27% |
| Norway | 7 | 11% |
| United States | 6 | 10% |
| Denmark | 3 | 5% |
| Finland | 3 | 5% |

10 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bengt Maunsbach | Partner | 0 | https://shizune.co/investors/profile/bengt-maunsbach-e9f3 |
| Harald Mix | Partner | 2 | https://shizune.co/investors/profile/harald-mix |
| Klas Johansson | Partner | 5 | https://shizune.co/investors/profile/klas-johansson |
| Giovanna Maag | Partner | 0 | https://shizune.co/investors/profile/giovanna-maag |
| Hans Ragnesjo | CFO | 0 | https://shizune.co/investors/profile/hans-ragnesjo |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $1.6B | Private Equity | Apr 12, 2026 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $1.6B | Private Equity | Apr 12, 2026 |  |
| Aira | Aira operates as a clean energy-tech company. | $174.3M | Venture - Series Unknown | Aug 11, 2025 |  |
| CCM Hockey | CCM Hockey offers a wide range of hockey equipment, including skates, sticks, helmets, and protective gear designed for all age groups. The company focuses on performance and comfort, utilizing advanced materials and design to enhance player capabilities. |  | Private Equity | Jun 24, 2025 |  |
| Aira | Aira operates as a clean energy-tech company. | $68.4M | Series B | Oct 16, 2024 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $329.1M |  | Jan 22, 2024 |  |
| Stegra | H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.The plant will be built in northern Sweden, in Boden, offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of thesteel production facility. Production will begin in 2024 and by 2030, H2GS will have an annual production capacity of five million tons of high-quality steel. | $326.4M | Private Equity | Jan 22, 2024 |  |
| Aira | Aira operates as a clean energy-tech company. | $158.7M | Series B | Jan 15, 2024 |  |
| Aira | Aira operates as a clean energy-tech company. | $90.7M | Series A | Oct 18, 2023 |  |
| Marshall Group | Marshall Group is formed by merging Zound Industries and Marshall Amplification companies. |  | Secondary Market | Sep 15, 2023 |  |

10 of 62 investments shown.

## Co-investors
- [Kinnevik](https://shizune.co/investors/profile/investment-ab-kinnevik) — VC Fund, 8 deals together
- [Temasek](https://shizune.co/investors/profile/temasek) — VC Fund, 8 deals together
- [GIC](https://shizune.co/investors/profile/gic) — VC Fund, 5 deals together
- [Hy24](https://shizune.co/investors/profile/hy24) — VC Fund, 5 deals together
- [IMAS Foundation](https://shizune.co/investors/profile/imas-foundation) — VC Fund, 5 deals together
- [Just Climate](https://shizune.co/investors/profile/just-climate) — VC Fund, 5 deals together

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## FAQ

### What does Altor invest in?

Altor invests primarily in Manufacturing, E-Commerce and Energy startups, most often at Private Equity and Post-IPO Equity stage. Most of the 62 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Altor's check size?

Altor typically joins rounds of $68M–$190M at Series B, $326M–$1.9B at Private Equity and $8.8M–$27M at Post-IPO Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Altor participates in.

### How do I contact Altor?

Public channels for Altor include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Altor?

The team at Altor includes Bengt Maunsbach (Partner), Harald Mix (Partner) and Klas Johansson (Partner), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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