Business Acquisitions and Venture Investments

Ingka Investments Business Acquisitions & Venture Investments

Building a Better Everyday Living

Our team makes investments in, and acquisitions of, businesses that help transform the IKEA Retail business, have a positive impact on people and planet, while generating attractive returns.

Our retail business is on a path of transformation to become a unique omnichannel retailer, meeting changing consumer behaviours as well as becoming circular and climate positive. We can play an important role in accelerating this change through our financial and strategic investments in companies developing new technologies, capabilities and services that meet the challenges of today and tomorrow.

“We focus on innovative companies in logistics and fulfilment, home furnishing services, financial services, sustainable food production, Life at Home services and other retail-related areas.”

Investment scope

From minority investments to full ownership

Our mandate allows us to do both venture investments and acquisitions. In our minority portfolio, we typically invest in later stage venture rounds, but in specific cases we consider investing earlier if there is a strong business rationale. We prefer to take an ownership stake of at least 5%. If there is a high strategic relevance, we consider larger ownership stakes or opt to take full ownership.

Long-term investor

Growing a company and bringing about change takes time. Therefore, we can take a long-term perspective to help companies fully develop.

Business development potential

We invest in companies that enable us to better meet customers in a more sustainable way. We always look to establish or strengthen business links between our IKEA Retail business and portfolio companies, however, commercial relationships are not a prerequisite to investment.

Our portfolio companies

Logistics and fulfilment

DST

A commercial electric vehicle (EV) operator for the intra-city logistics sector. Invested since: 2021

Fluid Truck

Technology-based truck sharing platform offering flexible rental of commercial vans, trucks, and electric vehicles. Invested since: 2021

GoBolt

A technology company building the first sustainable and vertically integrated supply chain network that partners with merchants to deliver a complete end-to-end customer experience. Invested since: 2021

Made4net

Global provider of cloud-based supply chain execution and warehouse management solutions. Acquired in: 2023

Mover

Transport & technology company that combines flexible logistics solutions & software, to increase efficiency, improve customer experiences & reduce transport’s carbon footprint. Invested since: 2020

Optoro

Reverse logistics technology company that works with retailers and manufacturers providing an all-in-one returns platform. Invested since: 2018

Waabi

Waabi is pioneering generative AI for the physical world, first by applying this technology to overhaul the autonomous trucking industry. Invested since: 2024

what3words

A location reference system based on a global grid of 3mx3m squares; each square has a unique combination of three words which can be used to find and share exact locations.

Home furnishing services

Geomagical Labs

Development company of 3D and visual AI solutions for interactive home furnishing inspiration. Acquired in: 2020

Houzz

Online platform that enables homeowners to create room designs and connects them with renovation professionals who can help realize their projects. Invested since: 2019

LivSpace

An omnichannel home interiors and renovation platform, that in connects homeowners with designers and the supply chain, to design, decorate, and furnish their home. Invested since: 2019

Ori

Robotic furniture company that creates expandable apartments that enable people to live large in small spaces. Invested since: 2019

Taskrabbit

On-demand platform for hiring people to do everything from assembling furniture to doing errands. Acquired in: 2017

Traemand

Kitchen service company simplifying the planning and installation process. Acquired in: 2021

Financial services

Atto (formerly DirectID)

Open Banking platform providing advanced credit & risk insights that allows clients to make better-informed decisions across the credit & risk lifecycle. Invested since: 2023

Doconomy

Provider of digital tools and services intended to empower end users to understand and reduce the environmental impact linked to their consumption, based on financial transaction. Invested since: 2021

Ikano Bank

Consumer bank offering a range of financial services and banking products such as loans, savings and credit cards across Europe. Invested since: 2021

Jifiti

Provider of white labeled buy-now-pay-later (BNPL) and point-of-sale financing platform for banks and merchants. Invested since: 2021

Kreditz

Provider of credit & risk insights and verification services, enabled by their transaction categorization engine. Invested since: 2023

Urban Jungle

Insurtech providing home insurance. Invested since: 2022

Sustainable food production

AeroFarms

Indoor vertical farming company producing microgreens. Invested since: 2017

Click & Grow

Producer of smart gardens allowing users to grow plants at home all year round. Invested since: 2018

Matsmart/Motatos

Provider of saved food sold by an online discounted food market to reduce food waste and offer the consumers food bargains of branded food. Invested since: 2017

The Green Dairy

A Swedish private/white-label manufacturer of plant-based food. The core products are dairy alternatives made from oat or fava beans. Invested since: 2012