Swedish online grocer MatHem has raised 500 million SEK, or €47.5 million, to develop a new environmentally certified warehouse in Larsboda and to continue expanding its retail delivery business. The company delivers groceries and small household items and, after ten years in business, has served over half of Swedish households. MatHem’s investors span several sectors. […]
Swedish investment powerhouse Kinnevik has committed to invest 0.9 billion Swedish kroner (roughly €86 million) in online grocer MatHem to increase its stake to 38%. Kinnevik announced that it will invest about €38 million in primary capital into the business, and the rest through secondary share purchases, to up its ownership. The investment company says […]
German transportation booking platform GoEuro has landed a whopping $150 million funding round led by Kinnevik AB and Temasek, with participation from Hillhouse Capital. The current round nearly doubles the total amount raised by the company since its launch 2012. Despite its name, GoEuro already offers transportation options beyond the European borders and is planning […]
German startup Wimdu, an “Airbnb killer” generously funded by the venture builder Rocket Internet, is shutting down, Gründerszene reports. The company is said to lay off some 50 employees in Berlin and another 60 in Lisbon by the year’s end. It is the financial investor Platinum Equity, which acquired Wimdu and a number other properties in […]
Norwegian online grocery retailer Kolonial.no has raised €31.4 million from Kinnevik, which in turn will receive a 15% stake in the company. Kolonial.no was founded in 2013 and offers grocery delivery to approximately 40% of Norwegian households. The company’s revenues grew by 88% in 2017, to €83.7 million. “Kinnevik is a dream partner for us,” […]
Copenhagen and London-based fintech company Pleo has landed $16 million in a Series A financing round led by Kinnevik and joined by Creandum, the Founders startup studio, Seedcamp and Vækstfonden. Pleo’s solution combines smart payment cards that can easily be assigned to employees with individually set limits with software and mobile apps to automatically match […]
German online furniture retailer Home24 is reportedly planning an initial public offering on the stock market for this summer. Manager Magazin reports that the Rocket Internet-backed company is in the midst of preparing a listing, according to sources within the company. We’ve reached out to Home24 for a comment and will update when we hear […]