Kinnevik

Kinnevik is an investment company based in Sweden, founded in 1936, that focuses on building digital consumer businesses. It aims to create, invest in, and lead fast-growing enterprises in both developed and emerging markets by partnering with skilled founders and management teams. Kinnevik's investment strategy encompasses various sectors, including healthcare, software, marketplaces, and climate technology, primarily across the United States and Europe. The company emphasizes delivering shareholder and social value through well-governed businesses that contribute positively to society.

Anna Adlarson

Venture and Growth Investor

Ala Alenazi

Venture and Growth Investor

Ala Alenazi

Investment Manager

Elin Ashrafi

Venture and Growth Investor

Jose Gaytan de Ayala

Venture and Growth Investor

Andreas Bernstrom

Senior Investment Director

Akhil Chainwala

Investment Director

Georgi Ganev

CEO

Tim He

Venture Investor

Fredrik Holmgren

Investor

Magnus Jakobson

Corporate Finance Director

Mathew Joseph

Sustainability Director

Torun Litzén

Director Corporate Communications

Maria- Helen Maras

Investor

Maria-Helen Maras

Venture and Growth Investor

Samuel Marsden

Venture and Growth Investor

Charles Martin

Venture and Growth Investor

Ola Nordbye

Investment Director

Anton Norrman

Venture and Growth Investor

Lucinda Palmer

Venture and Growth Investor

Maxine Rior

Investment associate

Christian Scherrer

Investment Manager

Tatiana Shalalvand

Investment Director

Anfisa Tukhvatullina

Investor

Natalie Tydeman

Senior Investment Director

Cecilia Zhao

Venture and Growth Investor

Past deals in Shopping

Mathem

Venture Round in 2021
MatHem i Sverige AB offers online retail of food and household products. It provides organic goods; grocery; prescription; health, party and feast, business and association, health, recipes from food bags, collaborations, weekday and weekend inspired food; wine; dairy products; bakery; meat and chark; drinks; pantry; fish; finished food and snacks; glass candy and snacks; baby food and accessories; pharmacy, hygiene and health; spices and flavorers; animal food and accessories; and kiosk and newspapers. The company is based in Stockholm, Sweden.

Oda

Venture Round in 2021
Oda, formerly known as Kolonial.no AS, is Norway's leading online grocery retailer, founded in 2013 and headquartered in Oslo. The company specializes in delivering a wide range of grocery items directly to consumers' homes or to designated collection points. Its extensive product offerings include fresh fruits and vegetables, dairy products, meat, seafood, baked goods, beverages, snacks, and various household essentials. Oda emphasizes a data-driven approach to retail, focusing on sustainability throughout its operations to create an efficient grocery delivery system. With its commitment to convenience and quality, Oda serves millions of customers across Norway.

Mathem

Venture Round in 2021
MatHem i Sverige AB offers online retail of food and household products. It provides organic goods; grocery; prescription; health, party and feast, business and association, health, recipes from food bags, collaborations, weekday and weekend inspired food; wine; dairy products; bakery; meat and chark; drinks; pantry; fish; finished food and snacks; glass candy and snacks; baby food and accessories; pharmacy, hygiene and health; spices and flavorers; animal food and accessories; and kiosk and newspapers. The company is based in Stockholm, Sweden.

Mathem

Venture Round in 2020
MatHem i Sverige AB offers online retail of food and household products. It provides organic goods; grocery; prescription; health, party and feast, business and association, health, recipes from food bags, collaborations, weekday and weekend inspired food; wine; dairy products; bakery; meat and chark; drinks; pantry; fish; finished food and snacks; glass candy and snacks; baby food and accessories; pharmacy, hygiene and health; spices and flavorers; animal food and accessories; and kiosk and newspapers. The company is based in Stockholm, Sweden.

Oda

Convertible Note in 2019
Oda, formerly known as Kolonial.no AS, is Norway's leading online grocery retailer, founded in 2013 and headquartered in Oslo. The company specializes in delivering a wide range of grocery items directly to consumers' homes or to designated collection points. Its extensive product offerings include fresh fruits and vegetables, dairy products, meat, seafood, baked goods, beverages, snacks, and various household essentials. Oda emphasizes a data-driven approach to retail, focusing on sustainability throughout its operations to create an efficient grocery delivery system. With its commitment to convenience and quality, Oda serves millions of customers across Norway.

Mathem

Venture Round in 2019
MatHem i Sverige AB offers online retail of food and household products. It provides organic goods; grocery; prescription; health, party and feast, business and association, health, recipes from food bags, collaborations, weekday and weekend inspired food; wine; dairy products; bakery; meat and chark; drinks; pantry; fish; finished food and snacks; glass candy and snacks; baby food and accessories; pharmacy, hygiene and health; spices and flavorers; animal food and accessories; and kiosk and newspapers. The company is based in Stockholm, Sweden.

Oda

Venture Round in 2018
Oda, formerly known as Kolonial.no AS, is Norway's leading online grocery retailer, founded in 2013 and headquartered in Oslo. The company specializes in delivering a wide range of grocery items directly to consumers' homes or to designated collection points. Its extensive product offerings include fresh fruits and vegetables, dairy products, meat, seafood, baked goods, beverages, snacks, and various household essentials. Oda emphasizes a data-driven approach to retail, focusing on sustainability throughout its operations to create an efficient grocery delivery system. With its commitment to convenience and quality, Oda serves millions of customers across Norway.

Linio

Private Equity Round in 2016
Linio is an e-commerce company that offers a wide variety of products online in many categories. It offers home electronics, technology products, mobiles, entertainment products, home appliances, fashion, sporting goods, babies and toys, books, and personal care products. It brings online consumer retail services to some of the fastest growing Latin American markets. Founded in 2012, Linio has operations in Mexico, Colombia, Peru, and Venezuela.

Westwing

Convertible Note in 2016
Westwing Group AG operates in the home and living e-commerce sector, offering a wide range of products including textiles, rugs, furniture, lighting, kitchenware, and decorative items. The company serves customers through two main segments: DACH, which encompasses Germany, Austria, and Switzerland, and International, covering Belgium, the Czech Republic, France, Italy, the Netherlands, Poland, Spain, and Slovakia. Westwing markets its products under both private labels and third-party brands. Founded in 2011 and headquartered in Munich, Germany, Westwing operates as an online shopping platform that combines a shoppable magazine and an online shopping club, catering to various home decor needs across multiple room categories.

Bedbathmore.com

Venture Round in 2016
BedBathMore provides the best bedsheet collection in India. Products of high quality delivered to your doorstep. Check it out and find something for your home.

Global Fashion Group

Venture Round in 2016
Global Fashion Group S.A. is an e-commerce company specializing in fashion and lifestyle markets across the Asia Pacific, Latin America, and the Commonwealth of Independent States. Founded in 2011 and headquartered in Senningerberg, Luxembourg, the company operates multiple online platforms, including The Iconic, Zalora, Dafiti, and Lamoda, catering to a diverse range of fashion products, from apparel to beauty items for both men and women. Global Fashion Group aims to provide a seamless shopping experience, leveraging its partnerships to deliver a mix of international and local brands. The company generates most of its revenue from the Australia and New Zealand market, primarily through The Iconic brand. In addition to its retail operations, Global Fashion Group offers a suite of services, including consultancy, IT, and marketing solutions, to enhance its e-commerce capabilities.

Home24

Venture Round in 2016
Home24 SE markets, sells, and ships furniture and home furnishings. Its large furniture products comprise living and dining furniture products, including chairs, tables, and drawers, upholstery products that comprise sofas, armchairs, and ottomans, bedroom furniture products, such as beds, wardrobes, and mattresses, and other products consisting of garden, office, and bathroom products. Home24's small furniture products include lightning products, such as interior and ceiling lights, and table lamps, accessories comprising decorations, curtains, and pillows, and other products, including mirrors, shelves, and cabinets. It sells its products primarily under the Home24, Mobly, Ars Manufacti, Ars Natura, Fredriks, Jack & Alice, Masion Belfort, Mooved, Eva Padberg, and Smood brand names. Home24 serves through a network of seven showrooms in Germany and Austria, as well as online channels, such as Websites and apps. It also operates in Switzerland, France, the Netherlands, Belgium, Italy, and Brazil. Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm founded Home24 in 2009. Its headquarters is in Berlin in Germany.

Global Fashion Group

Venture Round in 2015
Global Fashion Group S.A. is an e-commerce company specializing in fashion and lifestyle markets across the Asia Pacific, Latin America, and the Commonwealth of Independent States. Founded in 2011 and headquartered in Senningerberg, Luxembourg, the company operates multiple online platforms, including The Iconic, Zalora, Dafiti, and Lamoda, catering to a diverse range of fashion products, from apparel to beauty items for both men and women. Global Fashion Group aims to provide a seamless shopping experience, leveraging its partnerships to deliver a mix of international and local brands. The company generates most of its revenue from the Australia and New Zealand market, primarily through The Iconic brand. In addition to its retail operations, Global Fashion Group offers a suite of services, including consultancy, IT, and marketing solutions, to enhance its e-commerce capabilities.

Westwing

Venture Round in 2015
Westwing Group AG operates in the home and living e-commerce sector, offering a wide range of products including textiles, rugs, furniture, lighting, kitchenware, and decorative items. The company serves customers through two main segments: DACH, which encompasses Germany, Austria, and Switzerland, and International, covering Belgium, the Czech Republic, France, Italy, the Netherlands, Poland, Spain, and Slovakia. Westwing markets its products under both private labels and third-party brands. Founded in 2011 and headquartered in Munich, Germany, Westwing operates as an online shopping platform that combines a shoppable magazine and an online shopping club, catering to various home decor needs across multiple room categories.

Konga

Series C in 2015
Konga Online Shopping Limited is a prominent online marketplace based in Lagos, Nigeria, founded in 2012. It offers a diverse range of products, including electronics, fashion items, home appliances, toys, groceries, and personal care products. Konga serves a retail customer base primarily in Nigeria, aiming to enhance online shopping convenience and customer satisfaction. As one of the top three e-commerce sites in the country, Konga faces the challenge of increasing online shopping adoption, as less than one percent of Nigeria's population currently shops online. The company has experienced significant growth since its inception, with daily orders increasing from 1,000 in 2013 to over 3,000. Konga has garnered several awards, recognizing its impact and innovation in the retail sector. In 2018, it became a subsidiary of Zinox Technologies Limited, further strengthening its position in the market.

NextCommerce

Venture Round in 2015
Next Commerce builds tools that help shoppers make better, more informed purchasing decisions. Finding the right product or service is becoming increasingly difficult with the plethora of new data now available. Our mission is to make sense of that data and empower customers. To achieve this we leverage exceptional people, and unique technology to build and grow great businesses.

DealDey

Series B in 2015
DealDey Ltd. is an online platform that specializes in offering daily deals on a wide range of products and services in Nigeria, particularly in Lagos and Abuja. Launched in 2011, the company provides discounts on dining, travel, entertainment, healthcare, and various consumer goods, including fashion, electronics, and home appliances. Users can find deals on services such as beauty treatments, fitness classes, and professional training, as well as items for home improvement and personal care. Additionally, DealDey features offers on gifts, pet supplies, and real estate, making it a comprehensive resource for consumers looking to save on everyday purchases. As of 2016, DealDey operates as a subsidiary of Ringier Africa Deals Group.

Westwing

Private Equity Round in 2015
Westwing Group AG operates in the home and living e-commerce sector, offering a wide range of products including textiles, rugs, furniture, lighting, kitchenware, and decorative items. The company serves customers through two main segments: DACH, which encompasses Germany, Austria, and Switzerland, and International, covering Belgium, the Czech Republic, France, Italy, the Netherlands, Poland, Spain, and Slovakia. Westwing markets its products under both private labels and third-party brands. Founded in 2011 and headquartered in Munich, Germany, Westwing operates as an online shopping platform that combines a shoppable magazine and an online shopping club, catering to various home decor needs across multiple room categories.

Konga

Series B in 2014
Konga Online Shopping Limited is a prominent online marketplace based in Lagos, Nigeria, founded in 2012. It offers a diverse range of products, including electronics, fashion items, home appliances, toys, groceries, and personal care products. Konga serves a retail customer base primarily in Nigeria, aiming to enhance online shopping convenience and customer satisfaction. As one of the top three e-commerce sites in the country, Konga faces the challenge of increasing online shopping adoption, as less than one percent of Nigeria's population currently shops online. The company has experienced significant growth since its inception, with daily orders increasing from 1,000 in 2013 to over 3,000. Konga has garnered several awards, recognizing its impact and innovation in the retail sector. In 2018, it became a subsidiary of Zinox Technologies Limited, further strengthening its position in the market.

Linio

Private Equity Round in 2013
Linio is an e-commerce company that offers a wide variety of products online in many categories. It offers home electronics, technology products, mobiles, entertainment products, home appliances, fashion, sporting goods, babies and toys, books, and personal care products. It brings online consumer retail services to some of the fastest growing Latin American markets. Founded in 2012, Linio has operations in Mexico, Colombia, Peru, and Venezuela.

THE ICONIC

Venture Round in 2013
THE ICONIC is a leading online fashion and footwear retailer in Australia and New Zealand, established in 2011. It offers a wide range of over 500 brands and 25,000 items, featuring the latest trends in men's and women's fashion. The company is committed to providing a premium online shopping experience characterized by exceptional customer service. To enhance customer satisfaction, THE ICONIC provides free shipping and a generous 100-day return policy on all purchases.

Zalora

Series C in 2013
Zalora is an e-commerce platform based in Ho Chi Minh City, Vietnam, specializing in fashion and footwear products. Launched in March 2012, it offers a wide selection of clothing, shoes, accessories, and beauty items from well-known brands such as Mango, Nike, Calvin Klein, and Levi's. The platform caters to men, women, and children, providing users with the ability to browse images of products and make purchases online. In addition to shopping, Zalora also offers fashion tips, advice, and an online magazine, along with promotional discounts to enhance the customer experience. The company has positioned itself as a key player in the online retail market, focusing on delivering quality fashion at affordable prices across various countries.

Mobly

Private Equity Round in 2013
Mobly is an e-commerce platform based in São Paulo, Brazil, specializing in home furnishings and decoration. Founded in 2011 by co-founders Victor Noda, Marcelo Marques, and Mario Fernandes, the company has established itself as a leading reference in the Brazilian market for furniture and related products. Mobly offers a wide range of items, including sofas, wardrobes, office chairs, dining tables, bed linens, kitchen appliances, and lighting products. The platform categorizes its offerings into several segments, such as Furniture, Children's items, Household Utilities, Garden and Leisure equipment, Renovation and Garage supplies, Electronics, and more, catering to diverse consumer needs in home improvement and decoration.

Konga

Series A in 2013
Konga Online Shopping Limited is a prominent online marketplace based in Lagos, Nigeria, founded in 2012. It offers a diverse range of products, including electronics, fashion items, home appliances, toys, groceries, and personal care products. Konga serves a retail customer base primarily in Nigeria, aiming to enhance online shopping convenience and customer satisfaction. As one of the top three e-commerce sites in the country, Konga faces the challenge of increasing online shopping adoption, as less than one percent of Nigeria's population currently shops online. The company has experienced significant growth since its inception, with daily orders increasing from 1,000 in 2013 to over 3,000. Konga has garnered several awards, recognizing its impact and innovation in the retail sector. In 2018, it became a subsidiary of Zinox Technologies Limited, further strengthening its position in the market.

Dafiti

Series C in 2012
Dafiti is a prominent e-commerce platform based in São Paulo, Brazil, specializing in footwear, fashion, and lifestyle products for men and women. Launched in 2010, it offers a diverse catalog featuring over 100,000 products from more than 1,000 national and international brands. The platform is designed to provide a seamless shopping experience, allowing customers to browse and purchase a wide range of apparel, shoes, accessories, and beauty products through a single online store. Dafiti is supported by notable investors, including the Rocket Internet group, JP Morgan, and the World Bank, which underscores its significant presence in the Brazilian online retail market.

Zalando

Secondary Market in 2012
Zalando, founded in Berlin in 2008, is Europe's largest online fashion platform, offering a vast selection of clothing, footwear, accessories, and beauty products for men, women, and children. With nearly 50 million active customers across 25 European countries, Zalando features over 7,000 brands, ranging from renowned international names to local labels. The company's major market is the DACH region, which includes Germany, Austria, and Switzerland. Zalando operates 12 fulfillment centers to ensure efficient logistics and distribution, catering to local customer needs. The platform aims to provide an exceptional online shopping experience by continually optimizing its offerings and leveraging e-commerce expertise.

Westwing

Private Equity Round in 2012
Westwing Group AG operates in the home and living e-commerce sector, offering a wide range of products including textiles, rugs, furniture, lighting, kitchenware, and decorative items. The company serves customers through two main segments: DACH, which encompasses Germany, Austria, and Switzerland, and International, covering Belgium, the Czech Republic, France, Italy, the Netherlands, Poland, Spain, and Slovakia. Westwing markets its products under both private labels and third-party brands. Founded in 2011 and headquartered in Munich, Germany, Westwing operates as an online shopping platform that combines a shoppable magazine and an online shopping club, catering to various home decor needs across multiple room categories.

Home24

Venture Round in 2012
Home24 SE markets, sells, and ships furniture and home furnishings. Its large furniture products comprise living and dining furniture products, including chairs, tables, and drawers, upholstery products that comprise sofas, armchairs, and ottomans, bedroom furniture products, such as beds, wardrobes, and mattresses, and other products consisting of garden, office, and bathroom products. Home24's small furniture products include lightning products, such as interior and ceiling lights, and table lamps, accessories comprising decorations, curtains, and pillows, and other products, including mirrors, shelves, and cabinets. It sells its products primarily under the Home24, Mobly, Ars Manufacti, Ars Natura, Fredriks, Jack & Alice, Masion Belfort, Mooved, Eva Padberg, and Smood brand names. Home24 serves through a network of seven showrooms in Germany and Austria, as well as online channels, such as Websites and apps. It also operates in Switzerland, France, the Netherlands, Belgium, Italy, and Brazil. Christoph Cordes, Felix Jahn, Marc Appelhoff, and Philipp Kreibohm founded Home24 in 2009. Its headquarters is in Berlin in Germany.

Konga

Seed Round in 2012
Konga Online Shopping Limited is a prominent online marketplace based in Lagos, Nigeria, founded in 2012. It offers a diverse range of products, including electronics, fashion items, home appliances, toys, groceries, and personal care products. Konga serves a retail customer base primarily in Nigeria, aiming to enhance online shopping convenience and customer satisfaction. As one of the top three e-commerce sites in the country, Konga faces the challenge of increasing online shopping adoption, as less than one percent of Nigeria's population currently shops online. The company has experienced significant growth since its inception, with daily orders increasing from 1,000 in 2013 to over 3,000. Konga has garnered several awards, recognizing its impact and innovation in the retail sector. In 2018, it became a subsidiary of Zinox Technologies Limited, further strengthening its position in the market.

Sapato

Series C in 2011
Sapato is an online shoe retailer based in Moscow, Russia, offering a wide selection of footwear and accessories, including bags and shoe care products. Launched in June 2010 by Fast Lane Ventures, the platform quickly gained popularity, attracting over 200,000 daily visitors and achieving significant sales growth. Sapato's business model was adapted from successful online shoe companies in the US and Europe to fit the Russian market. The company ensures secure delivery across Russia, along with the protection of customer data and payment information. After several rounds of fundraising, including investments from eVenture Capital Partners and Intel Capital, Sapato was acquired by Ozon in February 2012 and subsequently sold to KupiVIP in April 2012. The company is recognized among the top 20 largest e-commerce platforms in Russia and is led by Matthieu Lannegrand, who brings extensive experience in the shoe market.

Jabong

Seed Round in 2010
Jabong.com is the best Online shopping Portal in India for men, women & kids for shoes, clothing, watches, sunglasses. Jabong was once thought to own one-quarter of India’s fashion e-commerce market, making it the chief threat to Myntra.

Lamoda

Seed Round in 2010
Lamoda is a prominent online retailer in Russia and the CIS, providing over one million products from 900 international brands. Launched in 2011, the platform specializes in apparel, shoes, accessories, and beauty products, catering to diverse consumer preferences. Lamoda distinguishes itself through its commitment to customer experience, offering free shipping, a try-on service, and a generous 365-day return policy at no additional cost. To enhance convenience, it operates Lamoda Express, an express delivery network that enables next-day delivery to more than twenty-five cities across Russia and Kazakhstan.

Namshi

Seed Round in 2010
Namshi General Trading L.L.C, founded in 2011 and based in Dubai, is a prominent online retailer in the Middle East, specializing in fashion and lifestyle products. The company offers a wide range of apparel, shoes, accessories, beauty and grooming products, as well as home and lifestyle items for men, women, and children. Featuring over 550 brands, including well-known names like Nike, Adidas, and Lacoste, Namshi serves as an exclusive distributor for many international brands in the region. It operates across the Gulf Cooperation Council (GCC) countries, providing customers with services such as free delivery, a 14-day return policy, and cash on delivery options. As of 2017, Namshi is a subsidiary of Emaar Malls PJSC, further strengthening its position in the competitive online retail market.

Zalando

Series A in 2010
Zalando, founded in Berlin in 2008, is Europe's largest online fashion platform, offering a vast selection of clothing, footwear, accessories, and beauty products for men, women, and children. With nearly 50 million active customers across 25 European countries, Zalando features over 7,000 brands, ranging from renowned international names to local labels. The company's major market is the DACH region, which includes Germany, Austria, and Switzerland. Zalando operates 12 fulfillment centers to ensure efficient logistics and distribution, catering to local customer needs. The platform aims to provide an exceptional online shopping experience by continually optimizing its offerings and leveraging e-commerce expertise.

Sapato

Series B in 2010
Sapato is an online shoe retailer based in Moscow, Russia, offering a wide selection of footwear and accessories, including bags and shoe care products. Launched in June 2010 by Fast Lane Ventures, the platform quickly gained popularity, attracting over 200,000 daily visitors and achieving significant sales growth. Sapato's business model was adapted from successful online shoe companies in the US and Europe to fit the Russian market. The company ensures secure delivery across Russia, along with the protection of customer data and payment information. After several rounds of fundraising, including investments from eVenture Capital Partners and Intel Capital, Sapato was acquired by Ozon in February 2012 and subsequently sold to KupiVIP in April 2012. The company is recognized among the top 20 largest e-commerce platforms in Russia and is led by Matthieu Lannegrand, who brings extensive experience in the shoe market.

Sapato

Series A in 2010
Sapato is an online shoe retailer based in Moscow, Russia, offering a wide selection of footwear and accessories, including bags and shoe care products. Launched in June 2010 by Fast Lane Ventures, the platform quickly gained popularity, attracting over 200,000 daily visitors and achieving significant sales growth. Sapato's business model was adapted from successful online shoe companies in the US and Europe to fit the Russian market. The company ensures secure delivery across Russia, along with the protection of customer data and payment information. After several rounds of fundraising, including investments from eVenture Capital Partners and Intel Capital, Sapato was acquired by Ozon in February 2012 and subsequently sold to KupiVIP in April 2012. The company is recognized among the top 20 largest e-commerce platforms in Russia and is led by Matthieu Lannegrand, who brings extensive experience in the shoe market.
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