The European online grocery market is currently hotter than Carolina Reaper. Earlier this month, Kinnevik – a Swedish investment company – invested NOK 200M (nearly €20M) in the Oslo-based online grocery startup Kolonial’s NOK 2.2B (approx €220M) round. The round was co-led by Softbank and Prosus. After the round, Kinnevik emerged as the largest shareholder in Kolonial (rebranded to Oda), owning 21 per cent of the company.
Today, Kinnevik has announced that it has invested SEK 150M (approx €14.8M) in the SEK 1.1B (approx €108.65M) funding round of Sweden-based online grocery store MatHem