Kinnevik Results Presentation Deck
WE INVESTED EARLY IN BUDBEE AND HAVE CONTINUED TO DEPLOY MORE CAPITAL AS
THE COMPANY CONTINUES TO SHOW STRONG ORGANIC AND PROFITABLE GROWTH
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for
budo
Winning in Last-Mile Delivery
Budbee
Full year 2021 revenues amounted to SEK 835m
more than double compared to the previous year
Reached profitability at group level in FY 2021
Raised SEK 400m at a valuation of SEK 7.3bn in May
2022, up >40% from our Q1 2022 mark
5,000 parcel lockers contracted across its markets,
including installations in 700 Albert Heijn stores in
the Netherlands
budbee
Fredrik Hamilton
CEO & Founder
The contract with Albert Heijn in the Netherlands and the oversubscribed capital raise, in which Kinnevik invested SEK 115m,
mark key milestones on Budbee's growth journey and are solid proof of their successful business model. Kinnevik's investment
in Budbee has generated a return of 4.4x our aggregate invested capital, and 11x our first investment in 2018
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