Investments
26Portfolio Exits
3About Foundation Asset Management
Foundation Asset Management (FAM) manages the assets of the Wallenberg Foundation. It aims to generate good total returns which in turn will enable the Wallenberg Foundations to fund scientific research and education. It also invests in alternative investments, including private equity and venture capital. The firm was founded in 2007 and is based in Stockholm, Sweden.
Want to inform investors similar to Foundation Asset Management about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest Foundation Asset Management News
Jul 26, 2023
5-day change February 10, 2013 at 11:00 pm Share Foundation Asset Management AB and Lindengruppen AB acquired an additional 13.03% stake in Höganäs AB (publ) (OM:HOGA B) from Industrivärden (OM:INDU A) for SEK 1.4 billion on February 11, 2013. Under the terms of the agreement, Foundation Asset and Lindengruppen agreed to acquire 4.4 million shares of Höganäs for SEK 320 per share. Lindengruppen AB and Foundation Asset Management AB also made an offer to acquire remaining 67.25% stake in Höganäs AB from Didner & Gerge Fonder, Marathon Asset Management, LLP and other shareholders for SEK 7.9 billion. In the event a public offer from H. Intressenter should result in a higher price per share than SEK 320, Industrivarden will receive an additional payment corresponding to the difference. Foundation Asset Management AB and Lindengruppen AB completed the acquisition of an additional 13.03% stake in Höganäs AB (publ) (OM:HOGA B) from Industrivärden (OM:INDU A) on February 11, 2013. Share
Foundation Asset Management Investments
26 Investments
Foundation Asset Management has made 26 investments. Their latest investment was in H2 Green Steel as part of their Series C on September 9, 2023.
Foundation Asset Management Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/7/2023 | Series C | H2 Green Steel | $1,607.88M | No | 3 | |
4/26/2023 | Corporate Minority | Qarlbo Energy | Yes | 1 | ||
12/27/2022 | Unattributed | Novare | Yes | 1 | ||
8/31/2022 | Series B | |||||
1/1/2022 | Private Equity |
Date | 9/7/2023 | 4/26/2023 | 12/27/2022 | 8/31/2022 | 1/1/2022 |
|---|---|---|---|---|---|
Round | Series C | Corporate Minority | Unattributed | Series B | Private Equity |
Company | H2 Green Steel | Qarlbo Energy | Novare | ||
Amount | $1,607.88M | ||||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 1 |
Foundation Asset Management Portfolio Exits
3 Portfolio Exits
Foundation Asset Management has 3 portfolio exits. Their latest portfolio exit was Nanosys on September 07, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/7/2023 | Acquired | 3 | |||
Date | 9/7/2023 | ||
|---|---|---|---|
Exit | Acquired | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 3 |
Foundation Asset Management Acquisitions
5 Acquisitions
Foundation Asset Management acquired 5 companies. Their latest acquisition was Kivra on June 30, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
6/30/2022 | Seed / Angel | $10.87M | Acq - Fin | 2 | ||
5/5/2021 | ||||||
1/1/2019 | ||||||
12/2/2017 | ||||||
1/1/2017 |
Date | 6/30/2022 | 5/5/2021 | 1/1/2019 | 12/2/2017 | 1/1/2017 |
|---|---|---|---|---|---|
Investment Stage | Seed / Angel | ||||
Companies | |||||
Valuation | |||||
Total Funding | $10.87M | ||||
Note | Acq - Fin | ||||
Sources | 2 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.
