Ingka Investments serves as the investment arm of IKEA.
Portfolio
3
companies
Winnow
Winnow builds computer vision and AI tools for commercial kitchens to measure and reduce food waste.
DirectID
DirectID provides credit risk and analytics solutions using bank transaction data.
what3words
what3words provides a precise global addressing system based on a grid of three metre squares.
Krister Mattsson
Managing Director
Peter van der Poel
Managing Director
ArcTern 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."
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."
