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