Kinnevik Results Presentation Deck
Intro
FINANCIAL REVIEW
Investment (SEKm)
Agreena
Babylon
Carbon Direct II (Fund Partnership)
Common / Habyt
Dimension Capital (Fund Partnership)
Gordian
H2 Green Steel
Instabee
Joint Academy
Lunar
Mathem
Mews
Oda
Omio
Omnipresent
Quit Genius
Recursion
SafetyWing
Solugen
Town Hall Ventures III (Fund Partnership)
Transcarent
TravelPerk
Other
Net Asset Value
Investments
KINNEVIK
Q4 2022
22
286
Interim Report. Q4 2022
11
52
275
1
189
436
471
843
3
2 589
FY 2022
149
286
111
79
52
126
275
115
58
286
343
436
691
32
377
89
843
177
508
93
546
54
5742
Portfolio Overview
Teladoc
Tele2
Other
Divestments
Net Investments / (Divestments)
Sustainability
●
2 589
- 986
- 6 027
Capital Allocation Framework
Our expectations are to:
• Invest half of our capital into new investments, and
the other half into follow-on investments in our ex-
isting portfolio
Add up to eight new companies per year
● Continue to evolve our thematic and sectorial focus
- 7 043
- 1 301
• Seek to build an adequate level of influence in our
companies, rather than specific ownership stakes
- 29
• Build and maintain a portfolio across different stages
of maturity, with 10-20 companies making up the
lion's share of portfolio value
Financial Statements
Other
During the fourth quarter we invested SEK 2.6bn, of which 1.6bn
into three new companies - clinical-stage biotechnology com-
pany Recursion, hospitality management cloud provider Mews
and Swedish producer of green steel H2 Green Steel. We also
committed SEK 52m to the life science fund Dimension Capital.
Of the SEK 1.0bn invested into the existing portfolio during the
quarter, the larger investments were our participations in Oda's
funding round and Babylon's private placement.
During full-year 2022, we deployed a total of SEK 5.7bn split
2.1bn into follow-on investments, 3.4bn into nine new invest-
ments, and 256m into fund partnerships. We released more than
SEK 7.0bn primarily from Tele2 and Teladoc during the first half of
2022, meaning we were SEK 1.3bn net divestors during the year.
In 2023, we expect to invest around SEK 5bn split roughly
50/50 between new investments and follow-on investments into
the existing portfolio.
19View entire presentation