Budbee AB announced that it has received SEK 525 million in funding from AMF Pensionsförsäkring AB, Stena Sessan AB, Kinnevik AB, H&M CO:LAB
January 13, 2021
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Budbee AB announced that it has raised SEK 525 million in a round of funding led by new investor AMF Pensionsförsäkring AB on January 14, 2021. The transaction also involved participation from returning investors Stena Sessan AB, Kinnevik AB (OM:KINV B), and H&M CO:LAB. As part of the transaction, AMF Pensionsförsäkring AB invested SEK 242,001,015. The company has raised SEK 931,647,100 in funding till date. The company raised post-money valuation of SEK 2,700 million in the company.
Kinnevik AB is a Sweden-based investment company focused on building digital consumer businesses. The Company's operations are divided into four segments, namely: E-commerce and Marketplaces, Communication, Entertainment and Financial Services. The E-commerce and Marketplaces segment is represented by such investments, as Zalando, Global Fashion Group, Qliro Group, Home24, Lazada, Linio, Konga and Rocket Internet, among others. The Communication segment is represented by such investments, as Tele2 and MiIlicom. The Entertainment segment is represented by MTG and Metro investments. The Financial services segment is represented by Bayport, Betterment, Bima investments. The Company operates globally in more than 80 counties.