Ingka Group accelerates investments; venture & growth portfolio doubles
FY19 was a year of acceleration for investments made by Ingka Group, a strategic partner in the IKEA franchise system, operating 374 IKEA stores in 30 countries.Six new investments were closed during the fiscal year taking the company’s venture and growth capital portfolio to 18 active companies as of Aug. 31, 2019. With new and follow-on investments, this portfolio doubled its total invested capital. The venture and growth capital investments are made by Ingka Investments, the investment arm of Ingka Group. Ingka Investments makes minority equity capital infusions in fast-moving,
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