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Kinnevik

Europe, Stockholms Lan, Sweden, Stockholm

Description

Kinnevik is a prominent Swedish investment group, established in 1936, with a distinct focus on building and scaling digital consumer businesses. Operating as an entrepreneurial investor, Kinnevik primarily targets growth-stage companies across sectors such as e-commerce, fintech, healthcare, and software. Their strategy involves taking significant, often controlling, stakes and providing long-term strategic support to their portfolio companies, aiming to foster sustainable growth and market leadership.

Investor Profile

Kinnevik has backed more than 156 startups, with 10 new investments in the last 12 months alone. The firm has led 70 rounds, about 45% of its total and boasts 32 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Germany, Sweden.
  • Strong thematic focus on E-Commerce, Internet, Health Care.
  • Led 3 rounds in the past year.
  • Typical check size: $54M – $216M.

Stage Focus

  • Series Unknown (17%)
  • Series B (17%)
  • Series C (16%)
  • Series A (13%)
  • Series D (12%)
  • Series E (5%)
  • Private Equity (4%)
  • Series F (3%)
  • Seed (3%)
  • Convertible Note (3%)

Country Focus

  • United States (21%)
  • Germany (14%)
  • Sweden (13%)
  • United Kingdom (12%)
  • Denmark (7%)
  • Spain (6%)
  • Russian Federation (5%)
  • India (4%)
  • Norway (3%)
  • Nigeria (3%)

Industry Focus

  • E-commerce
  • Internet
  • Health Care
  • Financial Services
  • Fintech
  • Shopping
  • Software
  • Marketplace
  • Travel
  • Retail
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Kinnevik frequently co-invest with?

Rocket Internet
Europe, Berlin, Germany, Berlin
Co-Investments: 20
AMF
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 7
VNV Global
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 9
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 9
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 7
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 7
Atomico
Europe, England, United Kingdom, London
Co-Investments: 7
Thrive Capital
North America, New York, United States, New York
Co-Investments: 8
Felix Capital
Europe, England, United Kingdom, London
Co-Investments: 7
HV Capital
Europe, Bayern, Germany, Munich
Co-Investments: 14

Which angels does Kinnevik often collaborate with?

Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 1
FG
North America, New York, United States, New York
Shared Deals: 1
Peter H. Mühlmann
Asia, Central Region, Singapore
Shared Deals: 2
Daniel Carroll
North America, California, United States, San Francisco
Shared Deals: 1
RG
Europe, Islas Baleares, Spain, San Francisco
Shared Deals: 1
HK
North America, New York, United States, New York
Shared Deals: 2
Shared Deals: 1
TD
North America, Texas, United States, Austin
Shared Deals: 1
FL
North America, New York, United States, New York
Shared Deals: 1
EG
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Kinnevik?

Tandem Health

Stockholm, Stockholms Lan, Sweden

Tandem Health provides an AI-based medical scribe that generates clinical notes from consultations.

Artificial Intelligence (AI)Health CareOffice AdministrationSoftware
Series AJun 30, 2025
Amount Raised: $50,035,236
Breathe Battery Technologies

London, England, United Kingdom

Breathe Battery Technologies is a developer of electric vehicle battery charging control software for automotive manufacturers.

AutomotiveBatteryEnergy StorageSoftware
Series BMay 7, 2025
Amount Raised: $21,000,000
Job&Talent

Madrid, Madrid, Spain

Jobandtalent is an online staffing marketplace for finding and filling gig-type jobs.

EmploymentMarketplaceStaffing Agency
Series FApr 10, 2025
Amount Raised: $103,593,921
Job&Talent

Madrid, Madrid, Spain

Jobandtalent is an online staffing marketplace for finding and filling gig-type jobs.

EmploymentMarketplaceStaffing Agency
Series FMar 25, 2025
Amount Raised: $99,255,690
Mews

Prague, Hlavni mesto Praha, Czech Republic

Mews is a cloud-based hotel property management system that helps simplify hotel operations so properties can focus on their guests.

Enterprise SoftwareHospitalityHotelProperty ManagementTravel
Series UnknownMar 4, 2025
Amount Raised: $75,000,000
TravelPerk

Barcelona, Catalonia, Spain

TravelPerk is a business travel management platform that helps companies book, manage, and control their corporate travel.

Business TravelSaaSSoftwareTicketingTravelTravel Agency
Series EJan 27, 2025
Amount Raised: $200,000,000
Enveda Biosciences

Boulder, Colorado, United States

Enveda Biosciences is a biotechnology company that provides engineering new drugs from plants.

BiotechnologyPharmaceuticalTherapeutics
Series CNov 21, 2024
Amount Raised: $130,000,000
Aira

Stockholm, Stockholms Lan, Sweden

Aira operates as a clean energy-tech company that provides heat pumps and home energy-saving solutions.

CleanTechEnergyHeating, Ventilation, and Air Conditioning (HVAC)
Series BOct 16, 2024
Amount Raised: $68,410,594
HungryPanda

London, England, United Kingdom

HungryPanda is a food delivery platform that offers authentic Asian cuisine, catering primarily to Chinese communities living abroad.

Series DSep 30, 2024
Amount Raised: $55,000,000
Spring Health

New York, New York, United States

Spring Health provides mental health solution for employers and health plans.

Artificial Intelligence (AI)Health CareMental HealthmHealthWellness
Series EJul 31, 2024
Amount Raised: $100,000,000