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Kinnevik company logo
Holding Company
kinnevik.com

Investments

141

Portfolio Exits

26

Partners & Customers

2

About 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.

Headquarters Location

Skeppsbron 18

Stockholm, 103 13,

Sweden

+46 (0)8 562 000 00

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Latest Kinnevik News

H2 Green Steel Raises Approx. €1.5 Billion in Equity Funding

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.

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Kinnevik Investments Activity

investments chart

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

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$99M

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10

4/20/2023

Series B - II

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$99M

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10

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

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Amount

$1,607.88M

$19.78M

$100M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

3

1

7

10

10

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

$99M

4

9/19/2022

Merger

$99M

2

10/22/2021

Reverse Merger

$99M

11

10/14/2021

Corporate Majority

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$99M

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10

6/24/2021

Merger

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$99M

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10

Date

1/10/2023

9/19/2022

10/22/2021

10/14/2021

6/24/2021

Exit

Merger

Merger

Reverse Merger

Corporate Majority

Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

2

11

10

10

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

$99M

$448.23M

Acq - Fin

6

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$99M

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10

Date

2/14/2019

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

Total Funding

$448.23M

Note

Acq - Fin

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Sources

6

10

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

3 Jun 2019, 11:00 PM · Regulatory information. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES. Kinnevik intends to divest its shareholding in Millicom through a public offering and a distribution to Kinnevik’s shareholders

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

Sweden

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10

Date

6/3/2019

3/31/2003

Type

Client

Client

Business Partner

Country

Luxembourg

Sweden

News Snippet

3 Jun 2019, 11:00 PM · Regulatory information. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES. Kinnevik intends to divest its shareholding in Millicom through a public offering and a distribution to Kinnevik’s shareholders

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 . ''

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Sources

1

10

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

Chief Executive Officer, Chief Financial Officer

Former

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Name

Joakim Andersson

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Work History

Title

Chief Executive Officer, Chief Financial Officer

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Status

Former

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