Kinnevik has four focus sectors: healthcare (value-based and virtual care), software, marketplaces and climate tech.

[5][6] Kinnevik was founded as an investment company in 1936 by Robert von Horn, Wilhelm Klingspor and Hugo Stenbeck.

The ownership structure of the investment company changed as Hugo Stenbeck gradually increased his holdings.

[citation needed] Hugo Stenbeck replaced Wilhelm Klingspor as chairman of Kinnevik in the early 1960s.

[8] In the early 1980s, Comvik AB launched a new mobile telephony system and, after a number of legal battles with state-owned Televerket, gained a favourable ruling by The Supreme Administrative Court.

Jan Hugo Stenbeck died on 19 August 2002 and was replaced by Edvard von Horn as chairman.

[14] In March 2016, Cristina Stenbeck announced her intention to step down as Chairman of Kinnevik and was replaced at the 2016 AGM by Tom Boardman.

At this time, the foundation was laid for investments in a number of internet businesses, particularly e-commerce companies.

This profile was strengthened after 2010 with major investments in Rocket Internet, Zalando, Avito and Global Fashion Group, among others.

[17] Zalando and Rocket Internet, two Kinnevik-backed companies, made their Initial Public Offerings (IPOs) on the Frankfurt Stock Exchange in 2014.