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Since 2012, Kinnevik has backed 1 African startup across 4 disclosed funding rounds totaling $42M, most heavily in Nigeria and E-commerce & Retail.
Kinnevik is a leading growth investor, active owner, and operational partner based in Stockholm, Sweden. Founded in 1936, the firm provides patient capital to challenger technology-enabled businesses, partnering from early-stage to growth-phase. It focuses on sectors such as healthcare, software, and climate tech, primarily in Europe and the US. During 2012 to 2014, Kinnevik invested a total of $42 million across four funding rounds in Nigeria's e-commerce and retail sector. Investments targeted seed (two rounds), Series A (one), and Series B (one) stages, with all activity centered on the company Konga. This included a $25 million Series B in January 2014, $10 million Series A in January 2013, and two $3.5 million seed rounds in August 2012 and January 2012. Kinnevik co-invested with Prosus Group in two rounds and Naspers in one.
Data updated · Jul 29, 2026
Kinnevik has backed 1 African startup across 4 disclosed funding rounds tracked on Liners, totaling $42M since 2012.
Mostly Seed: 2 of its 4 tracked rounds are at that stage, followed by Series B (1).
Kinnevik's tracked rounds are concentrated in Nigeria (4).
Its tracked rounds lean toward E-commerce & Retail (4).
Kinnevik most often shares rounds with Prosus Group (2 shared deals), Naspers (1 shared deal).
Kinnevik backed Konga, a Nigerian e-commerce platform, across four funding rounds from 2012 to 2014. Investments totaled $42 million in seed, Series A, and Series B stages.
Kinnevik is based in Stockholm, Sweden, with its office at Skeppsbron 18.
