Professional
Added to YB: 2026-03-11
Pitch date: 2026-03-09
KINV-B.ST [bearish]
Kinnevik AB
+0.58%
current return
Author Info
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Company Info
Kinnevik AB is a venture capital firm specializing in investments in early to late venture and growth capital.
Market Cap
SEK 15.3B
Pitch Price
SEK 52.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.43
EV/Sales
-1.65
Sector
Financial Services
Category
special_situation
Kinnevik AB (KINV-B.ST): How the Company Secretly Financed an Employee to Buy Its Distressed Assets—and Why Agentic AI Destroys the Rest of Its Portfolio
KINV-B.ST (short): Sold distressed fintechs to employee-owned fund for 28¢ on dollar while financing the purchase (SEK 366M 'Divestments Not Paid'). SEK 4.4B in related-party investments failing (Aira restructuring, Stegra cut 50%). 'Other Unlisted' bucket hides SEK 7.1B losses. 50% NAV in Spring Health, Perk, Pleo, Mews face 50-85% overvaluation as Agentic AI disrupts SaaS moats—mass software team exodus signals distress. Capital-constrained, can't sell/pivot/adapt.
Read full article (4 min)