Portfolio
4
companies
DirectID
DirectID provides credit risk and analytics solutions using bank transaction data.
Urban Jungle
Urban Jungle provides technology-driven home insurance products for renters and homeowners.
Winnow
Winnow builds computer vision and AI tools for commercial kitchens to measure and reduce food waste.
what3words
what3words provides a precise global addressing system based on a grid of three metre squares.
Krister Mattsson
Managing Director
Krister Mattsson
Managing Director
Krister serves as managing director at Ingka Group, alongside non-executive board roles at the IKEA Foundation, Ingka Foundation, IMAS Foundation, and L E Lundbergforetagen. His background includes leading corporate finance and tax as well as investments at IKEA.
LinkedIn
Peter van der Poel
Managing Director
Peter leads Ingka Investments and brings extensive operational experience across various roles within IKEA, including managing director of IKEA of Sweden.
LinkedInArcTern Ventures joined other backers in supporting the Series C round to enhance product development.
"This investment will enable us to further develop our world-leading AI capabilities, bringing even greater efficiency and impact to our clients and partners as we work together to reduce food waste on a global scale."
Ingka Investments provided the funding to support product expansion and market launch of new predictive models.
"We’re proud to join Ingka Investments’ portfolio of market-leading firms. We are excited to be shaping a new global standard in credit scoring that enhances people’s lives by enabling access to products they need in an affordable way. Our coverage, advanced insights and predictive models provide a unique opportunity to achieve this by creating the world’s first real-time, inclusive, credit score based on open finance data."
Intact Ventures led the Series A round alongside Ingka Group to help the insurer scale its customer base and workforce.
"This latest Series A funding round comes at an exciting time, we’re growing very quickly which has been attractive to both existing and new investors."
Ingka Investments backed the latest round to help the location technology firm scale into new global markets.
"what3words ambition is to become a global standard for communicating location"
Ingka Investments led the Series B round, which will fund technology development and international expansion.
"We are very excited about driving the business forward in our global fight against food waste and we are grateful for the continuous support of our investors, with one strategic partner of the investor group Ingka Investments using Winnow on a daily basis across IKEA stores globally. This year we launched our ground-breaking AI product Winnow Vision, and chefs using Winnow around the world are saving $33m worth of food from going to waste annually. We have set a target to save our customers $1bn by 2025, and this investment will accelerate our technology development and business development approach to help achieve this ambition."
