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.