Kinnevik
Kinnevik, founded in 1936, is an investment company focusing on healthcare, software, marketplaces, and climate tech primarily in Europe and the US.
Company History
Kinnevik was founded in 1936. Over the decades, it has grown into a prominent investment company. The focus has evolved to include sectors such as healthcare, software, marketplaces, and climate tech. This evolution reflects Kinnevik's strategic adaptability and commitment to capitalizing on emerging opportunities. As of 31 March 2024, the company boasts a diversified portfolio valued at SEK 47.9 billion.
Investment Focus
Kinnevik concentrates its investment efforts on healthcare, software, marketplaces, and climate tech. The company seeks out opportunities primarily in Europe and the US. Each of these sectors represents a significant portion of Kinnevik's portfolio, with Health & Bio constituting 35%, Software making up 29%, Platforms & Marketplaces at 19%, and Climate Tech at 9%. This strategy underscores Kinnevik's commitment to supporting innovative and impactful businesses.
Financial Performance
As of 31 March 2024, Kinnevik holds a net asset value of SEK 47.9 billion and a net cash position of SEK 10.3 billion. Post the Tele2 divestment, the net cash pro forma stands at SEK 13.9 billion. Additionally, the company has achieved a 5-year total shareholder return (TSR) of 2%. These figures highlight Kinnevik’s financial stability and prudent investment strategies.
Investment Strategy
Kinnevik is known for providing patient capital and operational support to scale businesses. This approach allows the companies in its portfolio to grow sustainably and achieve long-term success. Kinnevik's portfolio currently includes over 30 companies, demonstrating its extensive reach and diversified interests across various growth sectors.
Portfolio Composition
The portfolio composition of Kinnevik as of 31 March 2024 includes Health & Bio at 35%, Software at 29%, Platforms & Marketplaces at 19%, and Climate Tech at 9%. This diversified portfolio highlights the company's strategic investments across various sectors, ensuring a balanced approach to growth and risk management.