Kinnevik has agreed to invest $42.5m in Clas Ohlson-backed online supermarket MatHem while buying $53.5m in a secondary investment deal.

MatHem, a Sweden-based grocery e-commerce platform backed by hardware and household goods retailer Clas Ohlson, has secured a SEK900m ($96m) commitment from investment firm Kinnevik.

Kinnevik will invest $42.5m directly and purchase $53.5m in a secondary transaction, though the identify of the selling shareholders has not been disclosed. It will own a 38% stake in MatHem following the deal, which is expected to close by the end of Q1 2019.

Founded in 2006, MatHem runs an online supermarket that sells…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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