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Ingka Investments

Corporate VC

Leiden · Growth

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Investment thesis

Ingka Investments pursues strategic investments in and acquisitions of businesses that support IKEA Retail's transformation into a circular, climate-positive omnichannel retailer while generating attractive long-term returns. It takes a long-term investor perspective, ranging from minority strategic stakes to full ownership, and manages the full deal cycle from target identification through post-deal value creation. Its retail portfolio spans logistics and fulfilment, home furnishing services, financial services, and food, and it continuously explores strategically relevant retail areas that help IKEA grow and better serve customers sustainably.

Source: firm website, verified Sep 27, 2026.

Stage
Growth
HQ
Leiden, NL
Instruments
Equity
Founded
1982
Tracked investments
33
Acquisitions
1

What they invest in

from 24 of 33 portfolio companies

SaaS ×8Logistics & Supply Chain ×7AI & Machine Learning ×6Consumer ×6Enterprise Software ×5Fintech ×5E-commerce ×4Impact & Social Good ×4

HQs:United States×4Canada×2United Kingdom×2Sweden×2Germany×1Denmark×1

Who they back

founder profiles across 16 portfolio companies
38%
solo founders
6 of 16 mapped founding teams
33%
repeat founders
of 18 founders with career history

Founding team size:solo founder×62 founders×53 founders×44+ founders×1

Where their founders studiedfrom 18 founders with education data

Indian Institute of Technology Kanpur ×2Indian School of Business ×2

What their founders studiedfrom 15 founders with field-of-study data

Business & Management ×6Computer Science ×3Economics ×2Mathematics & Statistics ×2

Investments · 33 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12022 · 12021 · 12020 · 15 dated

Alediaaledia.cominOct 2020✓ verified

Aledia develops next-generation MicroLED display technology based on 3D nanowires grown on silicon, operating a pilot line and high-volume production facility.

Deep TechHardwareSemiconductorsGrenoble, FR

philippe GILET(Founder)in

Co-investorsBraemar Energy VenturesIntel CapitalDemeterSofinnova VenturesSupernovaTEL Venture Capital, Inc.+3 more

green dairythegreendairy.comin✓ verified

The Green Dairy manufactures plant-based dairy products for private label, retail, and foodservice partners across multiple applications including beverages, yogurt alternatives, and desserts.

Advanced ManufacturingAgTechCircular EconomyConsumerFoodTechImpact & Social GoodSweden, SE

AeroFarmsaerofarms.comin𝕏Aug 2025

AeroFarms uses indoor vertical farming, artificial intelligence, and plant biology on a proprietary agriculture platform to grow fresh produce year-round with traceability and food safety.

AgTechAI & Machine LearningFoodTech

David Rosenberg(Founder)in

Co-investorsMiddleland CapitalVenture Capital Investment ManagementADM CapitalAllianceBernsteinDoha Venture CapitalGrosvenor Food & AgTech+2 more

Baseload Capitalbaseloadcap.cominSep 2024

Baseload Capital invests in geothermal energy companies and projects, building a portfolio aimed at developing untapped geothermal resources to provide clean, baseload renewable electricity and heat.

CleantechClimate TechEnergyImpact & Social Good

Alexander Hellingin

Co-investorsBreakthrough Energy VenturesChevron Technology VenturesGullspång Invest

Click & Growclickandgrow.comin

Click & Grow makes self-watering indoor smart gardens and pre-seeded plant pods that let consumers grow herbs and vegetables at home with minimal effort.

AgTechConsumerHardware

Mattias Lepp(Founder)in

Co-investorsMetaplanetSEB AllianceSpecialist VCSpring CapitalTrind Ventures

Doconomydoconomy.comin

Doconomy is a Swedish impact-tech company that provides banks and financial institutions with tools, built on behavioral science and carbon-footprint data, to help individuals track and reduce their environmental impact while improving financial wellbeing.

Climate TechFintechImpact & Social GoodStockholm, SE

Mathias Wikström(Co-founder)inJohan Pihl(Co-founder)

Co-investorsABN AMRO VenturesCommerzVenturesKickstart InnovationCommerzbankUBS

geo magicalgeomagical.com

Geomagical Labs develops visual AI technology and digital design experiences to help users plan and visualize home furnishing and interior design.

AI & Machine LearningConsumerPropTechSaaS

BrianPaul(Co-founder & CTO)

Co-investorsMilliways Ventures

GoBoltgobolt.comin𝕏Dec 2022 · $75M

GoBolt provides ecommerce fulfillment and last-mile delivery services, handling picking, packing, shipping, delivery, and returns for merchants, with a focus on sustainability and an electric vehicle fleet.

CleantechE-commerceLogistics & Supply ChainSaaS

Heindrik Bernabe(Co-founder)inMark Ang(Co-founder & CEO)in

Co-investorsBDC Growth Venture FundFounderFuelKensington Capital Partners LimitedPlaza VenturesWhitecap Venture PartnersYaletown Partners+6 more

Houzzhouzz.comin𝕏

Houzz operates an online platform and software connecting homeowners with construction and design professionals for home building, renovation, and design projects.

Construction TechMarketplacesPropTechSaaS

Adi Tatarko(Founder)inAlon Cohen(Co-founder)inAlon N. Cohen(Founder)

Co-investorsComcast VenturesCraft VenturesFelicis VenturesGreat Oaks Venture CapitalICONIQK2 Global+8 more

ikano bankbank.ikanoin

Ikano Bank offers financial services including private label cards, credit cards, savings, mortgages, and loans for consumers, alongside sales and finance services for retail partners and leasing and factoring solutions for businesses.

Fintech

jifitijifiti.comin𝕏

Jifiti provides a modular, white-labeled digital lending platform that enables banks and financial institutions to digitize and automate loan origination, underwriting, servicing, and management across consumer and commercial lending.

Enterprise SoftwareFintechSaaSColumbus, US

Yaacov Martin(CEO and Director)inShaul Weisband(Director)inMeir DudaiinBenjamin Jesselson(Director)inDaniel Tobias(CFO)in

BoardEdgar Van Meenen(Director)

Kingbee Vans (formerly Fluid Truck)kingbee-vans.comin

Kingbee provides rental commercial vans that are upfitted and wrapped in-house, delivering work-ready vehicles in 2–4 weeks for fleets and last-mile delivery operators.

B2B MarketplacesLogistics & Supply ChainMobility & TransportationWest Valley City, US

Scott Haslam(Founder)in

Co-investorsBison CapitalSandlot Ventures

kreditzkreditz.comin𝕏

Kreditz provides real-time credit assessment and risk management tools for lenders, using AI-powered transaction analysis and open banking data to automate affordability assessments, income verification, and fraud detection.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechDanderyd, DE

Roni Zacharion(Founder & CEO)in

Livspacelivspace.comin𝕏

Livspace provides home interior design and renovation services, connecting homeowners with professional designers and managing the full coordination of projects.

B2B MarketplacesConsumerE-commerceMarketplacesPropTechIndia, IN

Anuj Srivastava(Founder)inRamakant Sharma(Founder)inSaurabh Jain(Founder)in

Co-investorsBessemer Venture PartnersJungle VenturesNewRadioVentureTrifecta Capital AdvisorsHelion Venture PartnersKharis Capital+1 more

Locuslocus.shin𝕏

Locus provides a logistics optimization and dispatch management platform that helps enterprises make decisions across order-to-delivery operations.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainRetail TechSaaS

Nishith Rastogi(Founder)inGeet Garg(Founder)in

Co-investorsAlpha Wave GlobalExfinity VenturesgrowX VenturesRocketship.vcGICpi Ventures+3 more

Made4Netmade4net.comin𝕏

Made4Net provides omnichannel fulfillment software that unifies inventory management and order execution across retail channels, warehouses, and digital storefronts.

Cloud ComputingE-commerceEnterprise SoftwareLogistics & Supply ChainRetail TechSaaS

Duff Davidson(Chief Executive Officer)inLonny Avital(Senior EVP for Special Projects)inJean David Benkimoun(CTO & GM – EMEA & APAC)inChipper Farley(President of 3PL Solutions)inAmit Levy(EVP of Sales and Strategy)inChitra Mohamed(EVP of Finance)in

Co-investorsThompson Street Capital Partners

matsmartmotatos.com

Motatos helps households reduce food waste by providing access to surplus and discounted food products.

Circular EconomyE-commerceFoodTech

Co-investorsNorthzone

Movermoverlog.comin

Mover provides end-to-end logistics services including on-demand courier deliveries, distribution networks, and a Transport Management System (TMS) for businesses managing complex operations.

Logistics & Supply ChainSaaSNot stated on page, DK

Martin Christian Hansen(CEO & Co-founder)Oliver Venndt(Chief Software Solution Architect & Co-founder)in

Co-investorsDouble M Partners

Orioriliving.comin𝕏

Ori develops expandable-unit technology for multifamily real estate, enabling hotel-to-housing conversions and ground-up developments that increase unit density while maintaining livability.

Construction TechHardwareImpact & Social GoodPropTech

Hasier Larrea(Founder)

Co-investorsPresidio VenturesThe E14 FundAmadeus Capital PartnersDelin VenturesEpisode1Khosla Ventures+4 more

RECOreco.aiin𝕏

Reco secures AI and agent sprawl across enterprise ecosystems by detecting and controlling unauthorized AI usage with 260+ app integrations and 1,000+ detection controls.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Gal Nakash(Founder)inOfer Klein(Founder)Tal Shapira(Founder)

Co-investorsAngular Venturesboldstart venturesCrew CapitalICON - Israel Collaboration NetworkInsight PartnersJibe Ventures+5 more

Taskrabbittaskrabbit.comin𝕏Acquired

TaskRabbit operates a marketplace connecting people who need help with household, moving, and cleaning tasks to local service providers in their area.

ConsumerLogistics & Supply ChainMarketplaces

Leah Busque(Founder)Ania Smith(Chief Executive Officer)inBen Edelhart(Chief Administrative Officer and General Counsel)inAmy Ming Zhang(Chief Financial Officer)Christopher Ager(Chief Commercial Officer)inDrew Wrangles(Chief Product Officer)in

Co-investors500 GlobalBaseline VenturesCollaborative FundFelicis VenturesFloodgateKayak Ventures+11 more

urban junglemyurbanjungle.comin

Urban Jungle is a UK online-first insurance provider offering customisable home, contents, and travel insurance with pay-by-the-month, no-hidden-fee policies.

ConsumerFintechInsurTech

Co-investorsEka VenturesMundi VenturesSony Ventures Corporationoctopus investments

Vanguard Renewablesvanguardrenewables.com

Vanguard Renewables produces renewable natural gas (biomethane) and delivers it as a drop-in, low-carbon fuel to utilities, businesses, and energy users seeking to meet emissions reduction targets.

Circular EconomyCleantechClimate TechEnergy

Michael O'Laughlinin

Co-investorsBlackRock

Waabiwaabi.aiin𝕏

Waabi develops autonomous vehicle technology using Physical AI for trucks and transportation.

AI & Machine LearningLogistics & Supply ChainMobility & TransportationRoboticsToronto, CA

Raquel Urtasun(Founder)in

Co-investorsKhosla VenturesRadical VenturesNVentures8VCG2 Venture PartnersGolden Ventures+10 more

what3wordswhat3words.comNov 2021

Three-word geolocation system for mapping the world

London

Chris Sheldrick(Founder)inJack David Waley-Cohen(Co-founder)inMohan Ganesalingam(Co-founder)

BoardJan Dietmar Trescher(Director)Abdul Guefor(Director)inTracy Louisa Doree(Director)

Co-investorsAlumni VenturesBeyond1435 GmbHChannel 4 VenturesDeutsche Bahn Digital VenturesFraser McCombs CapitalGerman Media Pool+9 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Avapa EnergydstGREEN14Oxan EnergyRe-mallSubmit your proposalThe Vistria GroupTraemand

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Ingka Investments made?
Ingka Investments has 33 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does Ingka Investments invest at?
Ingka Investments invests at the Growth stage.
What sectors does Ingka Investments focus on?
Ingka Investments focuses on AgTech, AI & Machine Learning, Circular Economy, Cleantech, Climate Tech, Consumer, Energy, Fintech, FoodTech, Impact & Social Good, InsurTech, Logistics & Supply Chain, PropTech, Retail Tech.
Where is Ingka Investments located?
Ingka Investments is headquartered in Leiden, NL.
Who does Ingka Investments co-invest with?
Ingka Investments most often shares deals with Felicis Ventures, Khosla Ventures, Plug and Play Ventures, among 82 tracked co-investors.

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