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Investor profile

Kinnevik

Venture capital firm · Founded 1936 · Active in 2026

Kinnevik is a venture capital firm based in Sweden, founded in 1936. The page below shows 35 Power Law outcomes from Kinnevik's portfolio — 29 unicorns ($1B+ valuation) and 3 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in eCommerce & Marketplaces · Health Tech & Medtech · Fintech; top portfolio geographies are USA · Germany · Sweden. Kinnevik ranks #311 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

35 Power Law outcomes Power Law Ranking #311 · Global · 35 Power Law outcomes · Active 2026
Unicorns ↑ 21% 5y
29
Decacorns ↓ 75% 5y
1
Thoroughbreds ↑ 87% 5y
29
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 35 Kinnevik Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA11
  2. Germany7
  3. Sweden4
  4. Denmark2
  5. Spain2
  6. Singapore2
  7. UK2
  8. Netherlands1
  9. Switzerland1
  10. Norway1
  11. Luxembourg1
  12. Russia1
By sectorCount
  1. eCommerce & Marketplaces10
  2. Health Tech & Medtech9
  3. Fintech5
  4. Marketing4
  5. Biotech & Life Sciences2
  6. Other2
  7. Other B2B Software1
  8. Transportation1
  9. Energy1
By stage enteredCount
  1. Series B+29
  2. Series A4
  3. Seed1
Estimated holdings

Kinnevik’s biggest current holdings.

An estimate of Kinnevik’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 14 companies where Kinnevik is a named shareholder, worth about $3.0B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Cityblock HealthHealth · Unicorn 9% $5.7B $513M
  2. 2 PerkTravel · Unicorn 15% $2.7B $405M
  3. 3 PleoFintech · Unicorn 14% $2.3B $322M
  4. 4 CedarHealth · Unicorn 10% $3.2B $320M
  5. 5 MewsFintech · Unicorn 10% $2.5B $250M
  6. 6 Spring HealthHealth · Unicorn 7% $3.3B $231M
  7. 7 16% $1.3B $208M
  8. 8 8.5% $2.4B $206M
  9. 9 13% $1.0B $130M
  10. 10 3% $4.1B $124M
  11. 11 5% $2.0B $100M
  12. 12 6.5% $1.5B $96M

Showing the 12 largest of 14 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Kinnevik’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

Kinnevik’s biggest exits.

Kinnevik portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$2.5B IPO · 2019
Entered Series B+Now $14.0B
IPO · 2014
Entered Series B+Now $5.3B
$4.2B IPO · 2021
Entered Series ANow $449M
$2.7B IPO · 2021
Entered Series B+Now $1.0B
IPO · 2007
Entered Series B+Now $2.7B
$2.0B IPO · 2017
Entered SeedNow $590M
$2.0B acquisition · 2016
Entered Series B+
IPO · 2014
Entered Series ANow $1.9B
IPO · 2015
Entered Series B+Now $1.5B
04 · Portfolio market map

Kinnevik's 35 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
35 of 35 Power Law outcomes
05 · Power Law comparison

How does Kinnevik stack up?

Kinnevik in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

153 founders across the 35 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. WHU Otto Beisheim School of Management and Rocket Internet are the deepest single pipelines.

LocationCount
Germany43
United States26
Denmark11
Spain9
Sweden8
France6
India6
Italy5
Brazil4
Norway3
+8 more →
UniversityCount
WHU Otto Beisheim School of Management8
Copenhagen Business School6
London School of Economics and Political Science5
University of Oslo4
Harvard Business School4
Harvard University4
HEC Paris3
University of Freiburg3
Comillas Pontifical University3
Lund University3
+70 more →
Origin companyCount
Rocket Internet8
eBay3
Alphabet | Google3
Tradeshift2
Yandex1
Tuenti Technologies1
Apple1
Microsoft1
HealthSpring1
Monstar Lab1
+19 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Kinnevik

An AI-synthesized read of the highest-engagement posts about Kinnevik on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Kinnevik

Recent press, funding announcements, and portfolio moves mentioning Kinnevik — pulled live from Dealroom's news feed.

See all news

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