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Swedish online grocer MatHem raises €84 9M from Kinnevik, Verdane, others

MatHem is an e-commerce company that combines a complete grocery store online with recipes and subscriptions for ready-made groceries.

Swedish online grocery delivery startup is acquired by its competitor

Kavall, a fast delivery startup in Stockholm, has been acquired by its competitor Mathem. Kavall has offered delivery of groceries in just 10 minutes, from

Investegate |Kinnevik Announcements | Kinnevik: Kinnevik invests SEK150 million in MatHem s SEK1 1 billion funding round

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Sweden s Kinnevik invests €14 8 million in online grocer MatHem s €108 7 million funding round

Sweden’s Kinnevik invests €14.8 million in online grocer MatHem’s €108.7 million funding round April 22nd, 2021. Kinnevik is clearly going all-in on the red-hot online grocery delivery market. Just two weeks ago, they dropped at cool €220 million on Norway’s Kolonial (now Oda), and now how jumped into MatHem’s shopping basket (again) to the tune of €14.8 million in the grocer’s €108.7 million funding round. Kinnevik is joined by existing investors AMF and Stena, and the funding round also included €69.2 million in debt facility financing provided by P Capital Partners. ”Kinnevik is proud to support the continued growth of MatHem as it expands its product range and gains market share. I am impressed by how Johan and his team has met the increased interest in having groceries delivered to your doorstep, and I am convinced that MatHem will continue to develop its customer offering and efficiency,” comments Kinnevik CEO Georgi Ganev.

Mölndals-Posten » Mathem missbedömde ökade e-handeln: Ett misslyckande

Mölndals-Posten » Mathem missbedömde ökade e-handeln: Ett misslyckande
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