Kinnevik Results Presentation Deck
KINNEVIK CONTINUES TO DOUBLE DOWN IN ITS HEALTHCARE PORTFOLIO THROUGH
FOLLOW-ON INVESTMENTS IN CEDAR AND VILLAGEMD
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cedar
Building Our Healthcare Portfolio
Two Follow-On Investments
Transforming the Patient Financial Experience in the US
USD 8m invested in Cedar's Series C funding round
dar provides a smarter way for hospitals, health systems and medical
groups to manage the patient payment ecosystem
The round totalled USD 102m and Cedar will use the funding to invest in
scaling the company further and accelerating product innovation and
roll-out across the pre-visit and post-visit space, as it executes against its
ambition to become the leading comprehensive healthcare consumer
engagement platform
Based on the transaction and Cedar's performance over the last months,
the value of our investment in Cedar, excluding the new investment of
USD 8m, has been written up by SEK 348m, or 166%, from last quarter
VillageMD
#1 Independent Primary Care Provider in the US
USD 25m invested in Village MD's funding round
► Village MD is a leading national provider of primary care in the US
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The round, which was completed in July and thus after the reporting
period, totalled USD 275m and was led by the company's existing
investor Walgreens Boots Alliance, which has committed to invest
USD 1bn into VillageMD over the next three years to finance a deepened
partnership with the company
Because of the partnership and its impact on the future outlook for
VillageMD, the value of our investment in the company, excluding the
new investment of USD 25m, has been written up by SEK 1.4bn, or 163%,
from last quarter
We will continue to support our high-performing companies as they continue to grow and require additional capital
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