Kinnevik led a $151m funding round in Oda.

Kinnevik, a Swedish investment company, led a $151m funding round in Oda, an online grocery retailer, with participation from Verdane, Summa Equity, Rasmussen Group and Prosus. “Summa, Verdane and Kinnevik are leading Nordic investors with a special focus on companies that move the world in a more sustainable direction. Their decision to invest in Oda confirms that we have a solid business model and the right growth strategy. It is also worth noting that existing shareholders such as the Rasmussen Group and Prosus have backed us this time around as well through debt conversion. Oda is now well positioned for further targeted growth in Norway, Finland and Germany,” Karl Munthe-Kaas, Oda CEO.