About MatHem
MatHem is a Retail company based in Stockholm (Sweden) founded in 2009. It operates as a grocery products are retailed and delivered online across Sweden. 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. Its chief executive is Tomas Kull. Its website mathem.se draws about 1.8 million monthly visits. MatHem offers products and services including Grocery Ordering Platform and Recipe Service. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Kavall, Mat.se, Picsmart, Vembla and Ding Dong and 3 more; 3 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Stockholm, Sweden
- SectorsRetail
- Website category Food and Drink
- Email••••••••
- Website mathem.se/se
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$204.31M (USD)
in 11 rounds
- InvestorsClas Ohlson
& 11 more
- Investments & Acquisitions
Products & Services of MatHem
MatHem offers a comprehensive portfolio of products and services, including Grocery Ordering Platform and Recipe Service.
Platform for online grocery selection and home delivery services.
Provides recipes for meal inspiration and shopping integration.
Apps and channels of MatHem
MatHem publishes 2 mobile apps with over 100K+ downloads.
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 $204.31M
- Total Rounds 11
- Investors Count 12
Latest 10 of 11 funding rounds of MatHem with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | – | Series D | – | – | |
| Apr 2021 | $47.42M | Series D | – | – | |
| Apr 2021 | $82.98M | Debt – Conventional | – | – | |
| Feb 2020 | $51.75M | Series D | – | Kinnevik | |
| Feb 2019 | $43.27M | Series C | – | Kinnevik | – |
| Dec 2017 | $26.14M | Series B | – | Clas Ohlson | – |
| Jun 2015 | $25.12M | Series A | – | – | – |
| Jun 2014 | – | Series A | – | Rite Ventures | – |
| Sep 2013 | $10.61M | Series A | – | Karl Johan Persson | – |
| Jun 2013 | – | Series A | – | ACACIA | – |
12 investors in total: 11 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward multiple sectors by Kinnevik. | 1936 | kinnevik.com | Stockholm, Sweden | |
Venture capital firm and funds of fund focused on technology-enabled and sustainable companies | – | verdane.com | Oslo, Norway | |
Venture capital focused on digital media and technology startups | – | bonnierventures.com | Stockholm, Sweden | |
Rite Ventures is focused on investing in IT, software, and e-commerce companies. | – | riteventures.com | Stockholm, Sweden | |
Swedish tech companies are supported with private capital investments. | 2007 | acaciainvest.se | Stockholm, Sweden | |
Sauces and frozen foods are manufactured by Axfood in Sweden. | 2000 | axfood.se | Stockholm, Sweden | |
AMF is focused on providing secure pension and savings solutions. | 1993 | amf.se | Sweden | |
Provides IT services, software development, and cloud solutions for businesses. | 2001 | vnv.ch | - | |
Stena AB is engaged in global maritime and onshore operations. | 1939 | stena.com | Gothenburg, Sweden | |
Provider of private credit solutions | 2002 | pcapital.se | Stockholm, Sweden |
Investor details for MatHem
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of MatHem
1 people are tracked at MatHem (1 in leadership).
| Name | Role | Group |
|---|---|---|
Tomas Kull | CEO & MD | Leadership |
Complete people profiles for MatHem
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- Team structure
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Investments & Acquisitions by MatHem
MatHem has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Kavall.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Ultra-fast multi-category grocery delivery is offered through an online platform. | kavall.co | Stockholm, Sweden | 2021 | Mar 2023 | •••• |
Complete acquisition details for MatHem
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- Acquired stakes
- Deal sources
- Complete history
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Timeline of MatHem
4 dated milestones of MatHem across 14 years, from founding to its latest funding, stage changes and deals.
- Founded MatHem is founded.
- Funding First funding round.
- Acquisition Acquires Kavall.
- Funding Latest funding round, Series D,.
Competitors of MatHem
MatHem has 8 listed competitors in our database, 3 of them funded. They include Kavall, Mat.se, Picsmart, Vembla and Ding Dong, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kavall.co | 2021 | Stockholm, Sweden | $22.05M | – | Ultra-fast multi-category grocery delivery is offered through an online platform. | |
| mat.se | 2011 | Stockholm, Sweden | – | – | Online grocery retailer based in Sweden | |
| picsmart.se | 2019 | Stockholm, Sweden | $5.4M | – | Online retailer offering multi-category grocery supplies | |
| vembla.se | 2019 | Stockholm, Sweden | $5.28M | – | Groceries are sold via an online marketplace from local stores. | |
| dingdongapp.io | 2021 | Stockholm, Sweden | – | – | Multi-category grocery supplies are delivered rapidly via mobile platform. | |
| mercatino.se | 2010 | Sollentuna, Sweden | – | – | Virtual marketplace platform a variety of gourmet food products | |
| matseholding.se | 2014 | Stockholm, Sweden | – | – | Multi-category grocery products are retailed online with doorstep delivery. | |
| butikkom.com | 2019 | Malmo, Sweden | – | – | Online retailer selling imported candy, snacks, beverages from global sources. |
Detailed competitors of MatHem
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- Full competitor set
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Web traffic of MatHem
The website of MatHem (mathem.se) receives about 1.8M visits a month and ranks #34,268 among all websites worldwide, #958 in Food and Drink.
- Monthly visits1.8M
▲ 13.7% vs previous month
- Unique visitors741.3K
per month
- Global rank#34,268
among all websites
- Category rank#958
Food and Drink · Food and Drink
- Bounce rate48%
- Pages per visit3.3
- Average visit3 min 41 sec
- DevicesDesktop 15% · Mobile 85%
Websites whose visitors overlap most with MatHem. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ica.se | ica.se | 100% | – | #2,766 | – |
| delitea.se | 89% | 434K | #72,139 | View details | |
| willys.se | 88% | – | #11,298 | View details | |
| tasteline.com | 80% | – | #81,855 | View details | |
| matspar.se | 77% | 260.1K | #188,791 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MatHem
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Food & Grocery Retail
10 companies that operate in the same segment as MatHem (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | USD 1.51 B | 17,595 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | – | 11,913 | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.35 B | USD 344.05 K | 40,578 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 25,408 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 11,488 |
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Related news about Mathem
Complete news archive for MatHem
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Frequently Asked Questions about MatHem
MatHem was founded in 2009 and raised its 1st funding round 3 years after it was founded.
MatHem is headquartered in Stockholm, Sweden.
Tomas Kull is the current CEO of MatHem.
MatHem is a funded company, having raised a total of $204.31M across 11 funding rounds to date.
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.
MatHem offers Grocery Ordering Platform and Recipe Service.
MatHem has made 1 acquisition, including Kavall.
MatHem has 12 investors. Key investors include Clas Ohlson, Axfood, PCP, Stena, and Kinnevik.
Yes. MatHem publishes Mathem and 1 more app, with over 100,000 downloads.
The website of MatHem receives about 1.8 million visits a month and ranks #34,268 among all websites worldwide.