Ingka Investments

Ingka Investments, founded in 2018 and headquartered in South Holland, Illinois, serves as the corporate venture arm of Ingka Group. The firm focuses on investing in innovative companies across North America, Europe, and the Asia-Pacific region, particularly in the retail, renewable energy, wind, solar, and forestry sectors. By connecting entrepreneurs with a diverse network of partners, Ingka Investments aims to support the growth of these companies while respecting resource management. The initiative aligns with Ingka Group’s broader mission to enhance everyday life through sustainable and affordable home furnishing solutions.

Peter Poel

Managing Director

18 past transactions

Kreditz

Venture Round in 2023
Kreditz provides a real-time credit scoring solution based on consumer-contributed bank transaction data. Through its mobile app, users can quickly connect their bank accounts and calculate their credit scores in under a minute, facilitating score improvement and the ability to share their financial standing with others. Additionally, Kreditz offers a business API that enables banks, financial institutions, insurance companies, telecoms, and various marketplaces to verify users' real-time credit scores. By utilizing advanced machine learning and artificial intelligence to analyze and categorize transaction data, Kreditz aims to enhance lending operations and reduce fraud, thus improving the overall efficiency of financial services and customer verification processes.

Urban Jungle

Series A in 2022
Urban Jungle Services Ltd. is an insurance technology company based in London, United Kingdom, founded in 2016. The company specializes in providing insurance solutions tailored for individuals who rent and share housing in urban environments. Its platform enables housemates to easily split insurance costs and adjust coverage names when residents change. The policies offered cover a range of items, including home contents, smartphones, valuables, multiple bikes, and security deposits, while also addressing emergency expenses related to incidents such as floods, fires, storm damage, theft, and accidental damage. By leveraging technology, Urban Jungle aims to offer accessible and affordable home insurance specifically designed for young professionals.

Livspace

Series F in 2022
Livspace is an interior design startup that offers a platform that connects people to designers, services, and products. The online shopping platform is a destination to find design, decorate, and furnish dream houses so they can undertake renovations like kitchen upgrades or repainting a room. It also provides end-to-end home interior services. In 2016, Livspace launched Canvas, its proprietary design-to-installation platform, a first for the interior design industry that aims to create a unique experience for homeowners and scales the job of interior designers. The décor startup is backed by Goldman Sachs, TPG Growth, Jungle Ventures, Bessemer Ventures, Helion Venture Partners, and Trifecta Capital Advisors. It was founded in 2014 by Anuj Srivastava and Ramakant Sharma.

DST Car

Series D in 2022
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

GoBolt

Series B in 2021
GoBolt, formerly known as Second Closet Incorporated, provides valet self-storage services that enable customers to store their belongings conveniently and securely. Founded in 2017 and based in Toronto, Canada, the company offers a comprehensive solution where customers can schedule pickups and returns of their items. GoBolt delivers boxes for customers to use for storage, then collects these items to be stored in a climate-controlled warehouse. The service is designed to be user-friendly, allowing clients to pay only for the space they utilize, making it an affordable option for those in need of storage solutions.

Matsmart

Series C in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

Doconomy

Venture Round in 2021
Doconomy AB is a Sweden-based fintech company that specializes in digital banking services aimed at promoting sustainable lifestyles. Founded in 2018 and headquartered in Stockholm, Doconomy provides the DO application, which tracks carbon dioxide emissions associated with online purchases. The company also offers DO Black, a credit card designed with a carbon limit to encourage environmentally conscious spending. By integrating tools that calculate the carbon impact of financial transactions, Doconomy empowers consumers to understand and reduce their environmental footprint. Their approach connects consumers, producers, retailers, and influencers within a circular ecosystem, fostering sustainable behavior and incentivizing reductions in unsustainable consumption.

DST Car

Series C in 2021
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

what3words

Venture Round in 2021
What3Words Limited offers a universal addressing solution that simplifies location communication by dividing the world into a grid of 3m x 3m squares, each identified by a unique three-word address. This innovative approach allows users to easily specify precise locations, such as delivery points, event venues, or emergency sites. The service is accessible through a free mobile app and an online map, and it can be integrated into other applications, platforms, or websites via a simple API. What3Words serves a wide range of industries, including delivery, emergency response, tourism, and national mapping, contributing to social and economic progress, particularly in developing regions. Founded in 2013, What3Words is headquartered in Baldock, United Kingdom.

Fluid Truck

Series A in 2021
Fluid Truck is a technology-driven B2B platform focused on truck sharing, aiming to transform the utilization of business vehicles in the United States. Established in 2015 and headquartered in Broomfield, Colorado, the company provides a mobile application that enables businesses to share and rent trucks, optimizing vehicle usage through fractional ownership. The application is accessible on both the App Store and Google Play, allowing business owners to efficiently manage their transportation needs by connecting with others in their community to rent vehicles when not in use.

Mover Systems

Venture Round in 2020
Mover Systems is a service that enables individuals and traders to order immediate transport online. - Passenger car, van or lift carriage: The freight carried by an associated Mover driver and tasks allocated to an appropriate vehicle nearby at the time. - All Mover drivers have a clean criminal record and all cargo is insured. - The customer can follow his Mover 'live' on the web. - Movers associated drivers are not employees. It is entirely voluntary and up to the individual driver, how much and when he or she will run for Mover.

what3words

Series C in 2020
What3Words Limited offers a universal addressing solution that simplifies location communication by dividing the world into a grid of 3m x 3m squares, each identified by a unique three-word address. This innovative approach allows users to easily specify precise locations, such as delivery points, event venues, or emergency sites. The service is accessible through a free mobile app and an online map, and it can be integrated into other applications, platforms, or websites via a simple API. What3Words serves a wide range of industries, including delivery, emergency response, tourism, and national mapping, contributing to social and economic progress, particularly in developing regions. Founded in 2013, What3Words is headquartered in Baldock, United Kingdom.

Livspace

Series D in 2020
Livspace is an interior design startup that offers a platform that connects people to designers, services, and products. The online shopping platform is a destination to find design, decorate, and furnish dream houses so they can undertake renovations like kitchen upgrades or repainting a room. It also provides end-to-end home interior services. In 2016, Livspace launched Canvas, its proprietary design-to-installation platform, a first for the interior design industry that aims to create a unique experience for homeowners and scales the job of interior designers. The décor startup is backed by Goldman Sachs, TPG Growth, Jungle Ventures, Bessemer Ventures, Helion Venture Partners, and Trifecta Capital Advisors. It was founded in 2014 by Anuj Srivastava and Ramakant Sharma.

Winnow

Series B in 2019
Winnow Solutions Ltd. is a London-based company that specializes in developing artificial intelligence tools aimed at reducing food waste in the food service industry, including restaurants and commercial kitchens. Incorporated in 2013, the company offers a platform that automatically measures and analyzes food waste using smart scale technology integrated into waste bins. This system provides chefs with valuable data to enhance kitchen production processes, ultimately helping to cut food waste in half and promote more sustainable practices. By connecting commercial kitchens and fostering a community of chefs, Winnow aims to inspire a broader movement towards minimizing environmental impact and improving operational efficiency in the culinary sector.

Matsmart

Venture Round in 2019
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

Ori

Series B in 2019
Ori is a smart space company that specializes in creating multi-functional, robotic-powered interior solutions to maximize living areas. By collaborating with real estate developers, builders, property managers, and architects, Ori aims to optimize the use of space in urban environments, making them more flexible, intelligent, sustainable, and affordable. The company focuses on transforming traditional living spaces into expandable apartments and semi-furnished studios that allow residents to adapt their environments according to their needs. Through innovative robotics that integrate architecture and design, Ori unlocks the potential for programmable spaces, which not only enhances the living experience for residents but also enables real estate developers to achieve higher revenue per square foot while offering affordable rents.

AeroFarms

Series E in 2019
AeroFarms is an urban agricultural company with a mission to transform agriculture by building and operating environmentally responsible farms throughout the world. It provides an aeroponic growing system that grows and produces with neither soil or sun, in any location. This is all possible due to the nature of their modular stackable systems which are easy to store as well as enabling of local production of pesticide-free, greens. This allows the food production system to become more sustainable, efficient, and safe by creating commercial-scale farming in urban centers. AeroFarms was founded in 2004 and is based in Newark, New Jersey. It is a recipient of the Fast Company's Most Innovative Companies for 2018 and 2019. The company was also among the Inc Magazine's "25 Most Disruptive Companies" for the year 2017.

Click & Grow

Venture Round in 2018
Click & Grow LLC develops a technology based indoor gardening solution that helps plants to grow using automatically controlled technology. It offers Smart Herb Garden, a gardening solution that lets multiple plants to grow at a time. The company also offers Smart Herb Garden Refill, a technology solution with nano-tech growth medium that releases right amount of water, oxygen, and nutrients for plants. In addition, it offers Smart flowerbed, a home garden solution for herbs and flowers; Smart flowerbed Refill, a gardening solution that measures the vitals of plants and makes sure the environment is suitable; and gardening accessories. The company offers its products online in the United States and Europe. Click & Grow LLC was founded in 2010 and is based in Palo Alto, California.
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