Investments
141Portfolio Exits
26Partners & Customers
2About Kinnevik
Kinnevik (OTCMKTS: KNKBF) is an entrepreneurial investment group focused on building digital consumer brands in four sectors: Communication, E-commerce & Marketplaces, Entertainment, and Financial Services. The firm works in partnership with talented founders and managers to create, invest in and lead fast growing digital businesses both in developed and developing countries.
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Latest Kinnevik News
Sep 7, 2023
. The round was led by Altor, GIC, Hy24 and Just Climate, whit participation from Andra AP, AMF, Cristina Stenbeck, Hitachi Energy, IMAS Foundation, Kinnevik, Schaeffler, Vargas and Wallenberg Investments holding company FAM. The company intends to use the funds to finance the construction and development of its flagship large-scale green steel plant in Boden, Sweden. The plant will deliver steel with up to 95 percent less CO2 emissions compared to steel produced with traditional blast furnace technology. This is made possible by replacing coal in the production process with hydrogen, produced on-site with Europe’s largest electrolyzer, using electricity from renewable sources. The company is led by Henrik Henriksson as a CEO and Otto Gernandt as a CFO. Since launch in 2021, H2 Green Steel has raised more than €1.8 Billion of equity in three financing rounds. The company closed its series A equity round of €86M in May 2021 and announced the close of its series B1 round of €260M in October 2022. On the debt side, it announced in 2022 the structure for its debt financing of over €3.5 Billion and renewed commitment letters in July 2023. FinSMEs 07/09/2023
Kinnevik Investments
141 Investments
Kinnevik has made 141 investments. Their latest investment was in H2 Green Steel as part of their Series C on September 9, 2023.
Kinnevik Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/7/2023 | Series C | H2 Green Steel | $1,607.88M | No | 3 | |
7/17/2023 | Series D - III | TravelPerk | $19.78M | No | 1 | |
6/6/2023 | Series B | Charm Industrial | $100M | Yes | 7 | |
5/17/2023 | Private Equity - V | |||||
4/20/2023 | Series B - II |
Date | 9/7/2023 | 7/17/2023 | 6/6/2023 | 5/17/2023 | 4/20/2023 |
|---|---|---|---|---|---|
Round | Series C | Series D - III | Series B | Private Equity - V | Series B - II |
Company | H2 Green Steel | TravelPerk | Charm Industrial | ||
Amount | $1,607.88M | $19.78M | $100M | ||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 7 |
Kinnevik Portfolio Exits
26 Portfolio Exits
Kinnevik has 26 portfolio exits. Their latest portfolio exit was Common on January 10, 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 |
|---|---|---|---|---|---|
1/10/2023 | Merger | 4 | |||
9/19/2022 | Merger | 2 | |||
10/22/2021 | Reverse Merger | 11 | |||
Kinnevik Acquisitions
2 Acquisitions
Kinnevik acquired 2 companies. Their latest acquisition was MatHem on February 14, 2019.
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 |
|---|---|---|---|---|---|---|
2/14/2019 | Private Equity | $448.23M | Acq - Fin | 6 | ||
Date | 2/14/2019 | |
|---|---|---|
Investment Stage | Private Equity | |
Companies | ||
Valuation | ||
Total Funding | $448.23M | |
Note | Acq - Fin | |
Sources | 6 |
Kinnevik Partners & Customers
2 Partners and customers
Kinnevik has 2 strategic partners and customers. Kinnevik recently partnered with Millicom on June 6, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/3/2019 | Client | Luxembourg | Kinnevik AB has consistently supported Millicom International Cellular S.A. 's strategy , and Millicom International Cellular S.A. now looks forward to collaborating with Kinnevik AB in its current efforts . '' | 1 | |
3/31/2003 | Client |
Date | 6/3/2019 | 3/31/2003 |
|---|---|---|
Type | Client | Client |
Business Partner | ||
Country | Luxembourg | |
News Snippet | Kinnevik AB has consistently supported Millicom International Cellular S.A. 's strategy , and Millicom International Cellular S.A. now looks forward to collaborating with Kinnevik AB in its current efforts . '' | |
Sources | 1 |
Kinnevik Team
13 Team Members
Kinnevik has 13 team members, including former Chief Executive Officer, Chief Financial Officer, Joakim Andersson.
Name | Work History | Title | Status |
|---|---|---|---|
Joakim Andersson | TelliQ, and Handelsbanken | Chief Executive Officer, Chief Financial Officer | Former |
Name | Joakim Andersson | ||||
|---|---|---|---|---|---|
Work History | TelliQ, and Handelsbanken | ||||
Title | Chief Executive Officer, Chief Financial Officer | ||||
Status | Former |
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