Kinnevik

Founded in 1936, Kinnevik is an investment company focused on building digital consumer businesses globally. It partners with talented founders to create and invest in fast-growing companies, aiming to deliver both shareholder value and positive social impact.

Anna Adlarson

Investor

Ala Alenazi Ph.D

Investment Manager

Georgi Ganev

Torun Litzén

Director of Corporate Communications

Maria- Helen Maras

Investor

Past deals in Scandinavia

Mathem

Venture Round in 2023
MatHem is an e-commerce company based in Stockholm, Sweden, specializing in the online delivery of groceries and household consumables. Founded in 2009, it serves over half of Swedish households by providing a comprehensive online grocery store that includes a wide variety of products, ready-made grocery bags, and recipe suggestions. MatHem operates a user-friendly platform that streamlines grocery shopping and enhances the cooking experience through subscription plans and helpful tips. Deliveries are made seven days a week using temperature-controlled vehicles to maintain product freshness. The company's commitment to quality has earned it recognition, including awards for being the Grocery Website of the Year by a Swedish online magazine.

Lunar

Series D in 2023
Lunar is a digital challenger bank founded in 2015 by Ken Villum Klausen, headquartered in Copenhagen, Hovedstaden. It provides a mobile-based banking app that allows consumers to manage their personal finances through a variety of services, including insurance, savings, budgeting, loans, and investments. The company operates with a banking license and has introduced both free accounts and a subscription-based service called Lunar Premium. Additionally, Lunar facilitates online money transfers and payments, offering functionalities such as balance checking and account opening. By partnering with local banks, Lunar enhances security and simplifies banking processes for its customers. With a presence in Aarhus, Copenhagen, Stockholm, and Oslo, the company employs over 180 individuals and aims to expand its personal and business banking operations while striving for profitability in attractive banking markets. Lunar has successfully raised €104 million from several investors.

Oda

Venture Round in 2022
Oda, formerly known as Kolonial.no AS, is a prominent online grocery retailer based in Oslo, Norway. Founded in 2013, the company specializes in providing a wide array of grocery items, including fresh produce, dairy products, meats, seafood, baked goods, household essentials, and personal care items. Oda employs a data-driven approach to enhance efficiency and sustainability throughout its supply chain, aiming to deliver high-quality products directly to customers' doorsteps or designated collection points. The platform caters to millions of consumers, ensuring convenient access to everyday staples and ready-made meals while emphasizing a commitment to sustainable retail practices.

Oda

Debt Financing in 2022
Oda, formerly known as Kolonial.no AS, is a prominent online grocery retailer based in Oslo, Norway. Founded in 2013, the company specializes in providing a wide array of grocery items, including fresh produce, dairy products, meats, seafood, baked goods, household essentials, and personal care items. Oda employs a data-driven approach to enhance efficiency and sustainability throughout its supply chain, aiming to deliver high-quality products directly to customers' doorsteps or designated collection points. The platform caters to millions of consumers, ensuring convenient access to everyday staples and ready-made meals while emphasizing a commitment to sustainable retail practices.

Budbee

Venture Round in 2022
Budbee is a Swedish delivery service that operates an online marketplace for last-mile logistics, connecting e-commerce merchants with a network of third-party delivery providers rather than owning a proprietary fleet. Founded in 2015 and based in Stockholm, the company focuses on home delivery and efficient last-mile solutions for online retailers. Its service set includes detailed tracking and instant messaging to improve transparency and customer communication, aiming to deliver a seamless shopping experience and reduce wait times for consumers.

Lunar

Series D in 2022
Lunar is a digital challenger bank founded in 2015 by Ken Villum Klausen, headquartered in Copenhagen, Hovedstaden. It provides a mobile-based banking app that allows consumers to manage their personal finances through a variety of services, including insurance, savings, budgeting, loans, and investments. The company operates with a banking license and has introduced both free accounts and a subscription-based service called Lunar Premium. Additionally, Lunar facilitates online money transfers and payments, offering functionalities such as balance checking and account opening. By partnering with local banks, Lunar enhances security and simplifies banking processes for its customers. With a presence in Aarhus, Copenhagen, Stockholm, and Oslo, the company employs over 180 individuals and aims to expand its personal and business banking operations while striving for profitability in attractive banking markets. Lunar has successfully raised €104 million from several investors.

Pleo

Series C in 2021
Pleo is a Copenhagen-based company founded in 2015 by Jeppe Rindom and Niccolo Perra, dedicated to transforming business spending for modern teams. The company offers an all-in-one platform designed to simplify the expense management process. Its innovative solution includes smart company cards and a user-friendly mobile application that automatically matches receipts and tracks spending in real-time. Pleo's platform eliminates the need for traditional expense reports and streamlines bookkeeping tasks by integrating directly with accounting software, providing businesses with comprehensive visibility and control over their expenditures. By focusing on making employees feel valued at work, Pleo aims to enhance the overall experience of managing business spending.

Lunar

Series D in 2021
Lunar is a digital challenger bank founded in 2015 by Ken Villum Klausen, headquartered in Copenhagen, Hovedstaden. It provides a mobile-based banking app that allows consumers to manage their personal finances through a variety of services, including insurance, savings, budgeting, loans, and investments. The company operates with a banking license and has introduced both free accounts and a subscription-based service called Lunar Premium. Additionally, Lunar facilitates online money transfers and payments, offering functionalities such as balance checking and account opening. By partnering with local banks, Lunar enhances security and simplifies banking processes for its customers. With a presence in Aarhus, Copenhagen, Stockholm, and Oslo, the company employs over 180 individuals and aims to expand its personal and business banking operations while striving for profitability in attractive banking markets. Lunar has successfully raised €104 million from several investors.

Pleo

Series C in 2021
Pleo is a Copenhagen-based company founded in 2015 by Jeppe Rindom and Niccolo Perra, dedicated to transforming business spending for modern teams. The company offers an all-in-one platform designed to simplify the expense management process. Its innovative solution includes smart company cards and a user-friendly mobile application that automatically matches receipts and tracks spending in real-time. Pleo's platform eliminates the need for traditional expense reports and streamlines bookkeeping tasks by integrating directly with accounting software, providing businesses with comprehensive visibility and control over their expenditures. By focusing on making employees feel valued at work, Pleo aims to enhance the overall experience of managing business spending.

Mathem

Venture Round in 2021
MatHem is an e-commerce company based in Stockholm, Sweden, specializing in the online delivery of groceries and household consumables. Founded in 2009, it serves over half of Swedish households by providing a comprehensive online grocery store that includes a wide variety of products, ready-made grocery bags, and recipe suggestions. MatHem operates a user-friendly platform that streamlines grocery shopping and enhances the cooking experience through subscription plans and helpful tips. Deliveries are made seven days a week using temperature-controlled vehicles to maintain product freshness. The company's commitment to quality has earned it recognition, including awards for being the Grocery Website of the Year by a Swedish online magazine.

Oda

Venture Round in 2021
Oda, formerly known as Kolonial.no AS, is a prominent online grocery retailer based in Oslo, Norway. Founded in 2013, the company specializes in providing a wide array of grocery items, including fresh produce, dairy products, meats, seafood, baked goods, household essentials, and personal care items. Oda employs a data-driven approach to enhance efficiency and sustainability throughout its supply chain, aiming to deliver high-quality products directly to customers' doorsteps or designated collection points. The platform caters to millions of consumers, ensuring convenient access to everyday staples and ready-made meals while emphasizing a commitment to sustainable retail practices.

Mathem

Venture Round in 2021
MatHem is an e-commerce company based in Stockholm, Sweden, specializing in the online delivery of groceries and household consumables. Founded in 2009, it serves over half of Swedish households by providing a comprehensive online grocery store that includes a wide variety of products, ready-made grocery bags, and recipe suggestions. MatHem operates a user-friendly platform that streamlines grocery shopping and enhances the cooking experience through subscription plans and helpful tips. Deliveries are made seven days a week using temperature-controlled vehicles to maintain product freshness. The company's commitment to quality has earned it recognition, including awards for being the Grocery Website of the Year by a Swedish online magazine.

Simple Feast

Venture Round in 2021
Simple Feast is a Copenhagen-based company founded in 2015 by Jakob Jønck and Thomas Ambus, specializing in sustainable plant-based meal delivery. The company offers a range of meal kits that include Weekly Boxes, providing three nights of vegetarian or vegan meals that require minimal preparation, and Comfort Food Boxes, which feature 4 to 8 jarred meals that only need heating and a side dish. All meals are designed to be healthy and are packaged in biodegradable boxes, aligning with the company's commitment to sustainability. Simple Feast aims to simplify plant-based cooking for consumers by offering ready-to-eat options curated by chefs and food experts, ensuring convenience without compromising on nutrition.

Budbee

Series C in 2021
Budbee is a Swedish delivery service that operates an online marketplace for last-mile logistics, connecting e-commerce merchants with a network of third-party delivery providers rather than owning a proprietary fleet. Founded in 2015 and based in Stockholm, the company focuses on home delivery and efficient last-mile solutions for online retailers. Its service set includes detailed tracking and instant messaging to improve transparency and customer communication, aiming to deliver a seamless shopping experience and reduce wait times for consumers.

Joint Academy

Series B in 2020
Joint Academy is a digital health platform that connects patients with licensed physical therapists to deliver evidence‑based online treatment for chronic joint and back pain, including osteoarthritis. The app offers individualized exercise plans, interactive education, and progress tracking, enabling therapists to manage symptoms and reduce reliance on medication. Clinical studies show patients experience pain reduction, reconsideration of surgery, and decreased painkiller use. The service is available in Sweden, the US, the UK, France, and Germany.

Budbee

Series B in 2020
Budbee is a Swedish delivery service that operates an online marketplace for last-mile logistics, connecting e-commerce merchants with a network of third-party delivery providers rather than owning a proprietary fleet. Founded in 2015 and based in Stockholm, the company focuses on home delivery and efficient last-mile solutions for online retailers. Its service set includes detailed tracking and instant messaging to improve transparency and customer communication, aiming to deliver a seamless shopping experience and reduce wait times for consumers.

Mathem

Venture Round in 2020
MatHem is an e-commerce company based in Stockholm, Sweden, specializing in the online delivery of groceries and household consumables. Founded in 2009, it serves over half of Swedish households by providing a comprehensive online grocery store that includes a wide variety of products, ready-made grocery bags, and recipe suggestions. MatHem operates a user-friendly platform that streamlines grocery shopping and enhances the cooking experience through subscription plans and helpful tips. Deliveries are made seven days a week using temperature-controlled vehicles to maintain product freshness. The company's commitment to quality has earned it recognition, including awards for being the Grocery Website of the Year by a Swedish online magazine.

Pleo

Series B in 2019
Pleo is a Copenhagen-based company founded in 2015 by Jeppe Rindom and Niccolo Perra, dedicated to transforming business spending for modern teams. The company offers an all-in-one platform designed to simplify the expense management process. Its innovative solution includes smart company cards and a user-friendly mobile application that automatically matches receipts and tracks spending in real-time. Pleo's platform eliminates the need for traditional expense reports and streamlines bookkeeping tasks by integrating directly with accounting software, providing businesses with comprehensive visibility and control over their expenditures. By focusing on making employees feel valued at work, Pleo aims to enhance the overall experience of managing business spending.

Oda

Convertible Note in 2019
Oda, formerly known as Kolonial.no AS, is a prominent online grocery retailer based in Oslo, Norway. Founded in 2013, the company specializes in providing a wide array of grocery items, including fresh produce, dairy products, meats, seafood, baked goods, household essentials, and personal care items. Oda employs a data-driven approach to enhance efficiency and sustainability throughout its supply chain, aiming to deliver high-quality products directly to customers' doorsteps or designated collection points. The platform caters to millions of consumers, ensuring convenient access to everyday staples and ready-made meals while emphasizing a commitment to sustainable retail practices.

Budbee

Series A in 2019
Budbee is a Swedish delivery service that operates an online marketplace for last-mile logistics, connecting e-commerce merchants with a network of third-party delivery providers rather than owning a proprietary fleet. Founded in 2015 and based in Stockholm, the company focuses on home delivery and efficient last-mile solutions for online retailers. Its service set includes detailed tracking and instant messaging to improve transparency and customer communication, aiming to deliver a seamless shopping experience and reduce wait times for consumers.

Mathem

Venture Round in 2019
MatHem is an e-commerce company based in Stockholm, Sweden, specializing in the online delivery of groceries and household consumables. Founded in 2009, it serves over half of Swedish households by providing a comprehensive online grocery store that includes a wide variety of products, ready-made grocery bags, and recipe suggestions. MatHem operates a user-friendly platform that streamlines grocery shopping and enhances the cooking experience through subscription plans and helpful tips. Deliveries are made seven days a week using temperature-controlled vehicles to maintain product freshness. The company's commitment to quality has earned it recognition, including awards for being the Grocery Website of the Year by a Swedish online magazine.

Karma

Series A in 2018
Karma develops an application that helps restaurants, grocers and cafés reduce their food waste by selling their surplus to consumers at reduced prices. Its application serves as a sales channel via which merchants offer take away food items to registered users. Elsa Bernadotte, Mattis Larsson, Hjalmar Nordegren, Ludvig Berling, and Steven van Wel founded Karma on September 1, 2015. Its headquarters is in Stockholm in Sweden.

Oda

Venture Round in 2018
Oda, formerly known as Kolonial.no AS, is a prominent online grocery retailer based in Oslo, Norway. Founded in 2013, the company specializes in providing a wide array of grocery items, including fresh produce, dairy products, meats, seafood, baked goods, household essentials, and personal care items. Oda employs a data-driven approach to enhance efficiency and sustainability throughout its supply chain, aiming to deliver high-quality products directly to customers' doorsteps or designated collection points. The platform caters to millions of consumers, ensuring convenient access to everyday staples and ready-made meals while emphasizing a commitment to sustainable retail practices.

Pleo

Series A in 2018
Pleo is a Copenhagen-based company founded in 2015 by Jeppe Rindom and Niccolo Perra, dedicated to transforming business spending for modern teams. The company offers an all-in-one platform designed to simplify the expense management process. Its innovative solution includes smart company cards and a user-friendly mobile application that automatically matches receipts and tracks spending in real-time. Pleo's platform eliminates the need for traditional expense reports and streamlines bookkeeping tasks by integrating directly with accounting software, providing businesses with comprehensive visibility and control over their expenditures. By focusing on making employees feel valued at work, Pleo aims to enhance the overall experience of managing business spending.

Budbee

Series A in 2018
Budbee is a Swedish delivery service that operates an online marketplace for last-mile logistics, connecting e-commerce merchants with a network of third-party delivery providers rather than owning a proprietary fleet. Founded in 2015 and based in Stockholm, the company focuses on home delivery and efficient last-mile solutions for online retailers. Its service set includes detailed tracking and instant messaging to improve transparency and customer communication, aiming to deliver a seamless shopping experience and reduce wait times for consumers.

Com Hem

Post in 2017
Com Hem is the largest cable company in Sweden, providing a range of services that include television, broadband, and telephone solutions for both individuals and businesses. Founded in 1983 and headquartered in Stockholm, Com Hem operates through two main segments: Com Hem and Boxer, the latter being an acquired business. The company is known for its affordable, high-quality offerings and has distinguished itself in the market by delivering the TiVo TV service, which enables customers to access television content via mobile devices through the TiVoToGo app. Com Hem also engages in network operations by contracting telecom services directly with landlords, facilitating communication and maintenance for property owners. With approximately 950 employees, Com Hem generates the majority of its revenue within Sweden.
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