# Magsort Ltd: Environmental services, Helsinki, Finland

> Magsort Ltd: Magsort Ltd is a climate tech company based in Helsinki, Finland, focused on decarbonization and metal recovery from steel slag.

Source: https://millionrounds.com/startup/magsort-ltd (Millionrounds; every figure on the page links to its filing or article)

Finland · [Environmental services startup](https://millionrounds.com/companies)

# Magsort Ltd

Magsort Ltd is a climate tech company based in Helsinki, Finland, focused on decarbonization and metal recovery from steel slag.

Funding reported Last round: Series A

Environmental services Helsinki, Finland

Company summary

- **Founded:** - not reported
- **Team:** 12 11 to 50 people
- **Funding reported:** 15M as listed, currency not stated
- **Last round:** Series A Nov 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Magsort Ltd has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Magsort Ltd

Magsort Ltd is a climate tech company based in Helsinki, Finland, focused on decarbonization and metal recovery from steel slag.

Founded in 2014, Magsort specializes in processing steel slag to extract valuable metals and convert the remaining material into low-CO2 raw materials for the cement industry. The company offers end-to-end slag processing solutions that enhance metals recovery and profitability while reducing environmental impact. Magsort's proprietary technology is designed to produce zero-CO2 raw materials for cement production, catering to the needs of carbon steel mills, stainless steel mills, and waste-to-energy facilities. Its tailored products support the cement industry by providing high-quality raw materials derived from various steelmaking slags.

## What company datasets say Magsort Ltd raised

Funding, as reported

Reported in all **15M** in the source's currency

Last round **Series A**

Last round size **15M**

Last round date **Nov 2021**

## Founders and team

From Magsort Ltd's own website: 3 on the team.

- **Kalevi Kostiainen** CEO
- **Niklas Törnkvist** Head of New Business Development
- **Harri Kerminen** Chairman of the Board

## On a portfolio page

Investors who name them

- [Ikorni Invest](https://millionrounds.com/fund/ikorni-invest)

Each firm lists Magsort Ltd on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

industrial automation steel slag processing iron and steel mills and ferroalloy manufacturing co2 emissions reduction carbon reduction manufacturing sustainable materials sustainable steel co2 footprint climate solutions high purity steel waste management steel slag piles industrial decarbonization sustainable development energy-efficient process

Built with from their website

Google Tag Manager Amazon CloudFront Google Workspace CloudFlare Viewport Meta Webflow Hosting Google Meet CloudFlare CDN Mobile Friendly Open Graph

+8 more

jQuery Cloudflare DNS Google Analytics HTTP/3 GoDaddy Domains Google Analytics 4 Amazon AWS HSTS

- **Sector:** Environmental services
- **Industry code:** NAICS 33111, 562920, 327310, SIC 1499
- **Region:** Uusimaa

## Environmental services in Finland

Startups like it

- [**Carbo Culture** Helsinki · founded 2017](https://millionrounds.com/startup/carbo-culture)
- [**LeaseGreen** Espoo · founded 2013](https://millionrounds.com/startup/leasegreen)
- [**Soil Scout** Vantaa · founded 2013](https://millionrounds.com/startup/soil-scout)
- [**Solved - The Cleantech Company** Helsinki · founded 2013](https://millionrounds.com/startup/solved-the-cleantech-company)
- [**Tassu ESP Oy** Startup](https://millionrounds.com/startup/tassu-esp-oy)
- [**Ori Solution** Helsinki · founded 2019](https://millionrounds.com/startup/ori-solution)
- [**Materialisting** Helsinki · founded 2021](https://millionrounds.com/startup/materialisting)
- [**Eero Paloheimo Ecocity Ltd** Helsinki · founded 2009](https://millionrounds.com/startup/eero-paloheimo-ecocity-ltd)

## Is this your company?

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