Valkea invests in a pioneering circular-economy technology startup Magsort

Valkea has led an investment round in a Finnish startup Magsort together with a group of private investors. The company’s ambitious growth plan is further supported by Finnish Climate Fund (Ilmastorahasto). The innovative solution distributed by Magsort, an ultrahigh energy crusher for the processing of steel slag and incinerator bottom ash, is furthering the decarbonization of the global steel industry. Being currently one of the biggest emitters of global CO2 emissions, the steel industry is in crucial need of game-changing solutions like Magsort’s.

The steel industry can reduce its carbon footprint by recycling steel from steel slag, a byproduct of steel production. Magsort has brought to market a superior solution that can double the recovery rate compared to existing solutions, making the recycling of steel in slag financially viable and helping the steel industry reduce its carbon footprint. The processed slag may be used as a cement substitute, further helping the world reduce carbon emissions.

“Valkea’s ultimate goal is to drive the change for a cleaner future. Circular economy innovations are at a core as we are transforming our relationship with the earth and its resources. We are excited to support Magsort as their solution not only has impressively scaling commercial traction but also a significant impact on the environment", says Ilkka Lassila, the COO of Valkea Growth Club. “When circular economy startups talk about lowering carbon footprint, the numbers mentioned are usually in kilograms. Magsort is talking about millions of tonnes", Ilkka highlights.

Magsort will direct the funds towards further commercialization in the global steel industry and waste-handling also outside the Nordic countries. "We need to intensify the circular economy globally to reduce carbon emissions. With this funding we will be able to speed up our commercialization process and hence also further the world's decarbonization agenda", says Magsort's founder and CEO Niklas Törnkvist.

For more information, please contact:

Valkea Growth Club
Ilkka Lassila, COO
ilkka@valkea.club
+358405243217

Magsort
Niklas Törnkvist, Founder and CEO
niklas.tornkvist@magsort.fi
+358505149797

Finnish Climate Fund (Ilmastorahasto)
Saara Mattero, Communications Manager
saara.mattero@ilmastorahasto.fi
+358400114777