About MatHem
MatHem is a company based in Stockholm (Sweden) founded in 2009.. MatHem has raised $204.31 million across 11 funding rounds from investors including Clas Ohlson, Axfood and PCP. MatHem has completed 1 acquisition, including Kavall. MatHem offers products and services including Grocery Ordering Platform and Recipe Service. MatHem operates in a competitive market with competitors including Kavall, Mat.se, Picsmart, Vembla and Ding Dong, among others.
- Headquarter Stockholm, Sweden
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Sectors
Retail
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$204.31 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Clas Ohlson
& 11 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of MatHem
MatHem offers a comprehensive portfolio of products and services, including Grocery Ordering Platform and Recipe Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for online grocery selection and home delivery services.
Provides recipes for meal inspiration and shopping integration.
Funding Insights of MatHem
MatHem has successfully raised a total of $204.31M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series D - MatHem | Valuation |
investors |
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| Apr, 2021 | Amount | Series D - MatHem | Valuation |
investors |
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| Apr, 2021 | Amount | Debt – Conventional - MatHem | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MatHem
MatHem has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Clas Ohlson, Axfood and PCP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Founded Year | Domain | Location | |
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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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Founded Year | Domain | Location | |
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Venture capital focused on digital media and technology startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MatHem
MatHem has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kavall. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ultra-fast multi-category grocery delivery is offered through an online platform.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MatHem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mathem Comparisons
Competitors of MatHem
MatHem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kavall, Mat.se, Picsmart, Vembla and Ding Dong, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ultra-fast multi-category grocery delivery is offered through an online platform.
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| domain | founded_year | HQ Location |
Online grocery retailer based in Sweden
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| domain | founded_year | HQ Location |
Online retailer offering multi-category grocery supplies
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| domain | founded_year | HQ Location |
Groceries are sold via an online marketplace from local stores.
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are delivered rapidly via mobile platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mathem
Frequently Asked Questions about MatHem
When was MatHem founded?
MatHem was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is MatHem located?
MatHem is headquartered in Stockholm, Sweden.
Who is the current CEO of MatHem?
Tomas Kull is the current CEO of MatHem.
Is MatHem a funded company?
MatHem is a funded company, having raised a total of $204.31M across 11 funding rounds to date. The company's 1st funding round was a Series D of $47.42M, raised on Jan 28, 2012.
What does MatHem do?
The company was established in 2009 in Stockholm, Sweden, within the online grocery retail sector. A range of products, including fruits, vegetables, dairy, meat, pantry items, beverages, household essentials, and organic foods, is offered through a website and mobile applications compatible with Android and iOS devices. Orders are fulfilled and delivered nationwide via an in-house logistics network, utilizing recyclable biodegradable paper bags for packaging.
What products or services does MatHem offer?
MatHem offers Grocery Ordering Platform and Recipe Service.
How many acquisitions has MatHem made?
MatHem has made 1 acquisition, including Kavall.
Who are MatHem's investors?
MatHem has 12 investors. Key investors include Clas Ohlson, Axfood, PCP, Stena, and Kinnevik.