Retail Investments

Ingka Investments Retail Investments

Building a Better Everyday Living

Our team makes investments in, and acquisitions of, businesses that help transform the IKEA Retail business, while generating attractive returns.

Our retail business is on a path of transformation to become a unique omnichannel retailer, meeting changing consumer behaviours and reducing greenhouse gas emissions in line with our science based targets.

“We invest in companies and operate strategic businesses to preserve and create lasting value for Ingka Group and IKEA, building a strong foundation for many generations to come.”

Investment scope

From strategic investments to full ownership

We support key initiatives in the IKEA Retail strategy by pursuing targeted strategic investments and acquisitions. We drive opportunities through the deal cycle, all the way from target identification to post-deal value creation.

Long-term investor

Growing a company and bringing about change takes time. Therefore, we can take a long-term perspective to help companies fully develop.

Exploring relevant Retail areas

Our investments and acquisitions support IKEA Retail to grow and to better meet customers in a more sustainable way. In our portfolio we have companies in logistics and fulfilment, home furnishing services, financial services and food and we continuously explore all strategically relevant Retail areas.

Our portfolio companies

Logistics and fulfilment

Locus

A leading logistics technology company based in the USA offering a sophisticated AI-powered logistics management platform. Acquired in: 2025

Made4net

Global provider of cloud-based supply chain execution and warehouse management solutions. Acquired in: 2023

Waabi

Waabi is pioneering generative AI for the physical world, first by applying this technology to overhaul the autonomous trucking industry. Invested since: 2024

DST

A commercial electric vehicle (EV) operator for the intra-city logistics sector. Invested since: 2021

Kingbee Vans (formerly Fluid Truck)

Technology-based truck sharing platform offering flexible rental of commercial vans, trucks, and electric vehicles. Invested since: 2021

GoBolt

A technology company building a vertically integrated supply chain network focused on reducing emissions from last – mile delivery, partnering with merchants to deliver a complete end-to-end customer experience. Invested since: 2021

Mover

Transport & technology company that combines flexible logistics solutions and software to increase efficiency, improve customer experiences, and reduce unnecessary kilometres through route optimisation and fleet electrification. Invested since: 2020

what3words

A location reference system based on a global grid of 3mx3m squares; each square has a unique combination of three words which can be used to find and share exact locations. Invested since: 2021

Home furnishing services

Geomagical Labs

Development company of 3D and visual AI solutions for interactive home furnishing inspiration. Acquired in: 2020

Taskrabbit

On-demand platform for hiring people to do everything from assembling furniture to doing errands. Acquired in: 2017

Traemand

Kitchen service company simplifying the planning and installation process. Acquired in: 2021

Houzz

Online platform that enables homeowners to create room designs and connects them with renovation professionals who can help realize their projects. Invested since: 2019

Livspace

An omnichannel home interiors and renovation platform, that in connects homeowners with designers and the supply chain, to design, decorate, and furnish their home. Invested since: 2019

Ori

Robotic furniture company that creates expandable apartments that enable people to live large in small spaces. Invested since: 2019

Financial services

Ikano Bank

Consumer bank offering a range of financial services and banking products such as loans, savings and credit cards across Europe. Acquired in: 2024

Doconomy

Provider of digital tools and services intended to empower end users to understand and reduce the environmental impact linked to their consumption, based on financial transaction. Invested since: 2021

Jifiti

Provider of white labeled buy-now-pay-later (BNPL) and point-of-sale financing platform for banks and merchants. Invested since: 2021

Kreditz

Provider of credit & risk insights and verification services, enabled by their transaction categorization engine. Invested since: 2023

Urban Jungle

Insurtech providing home insurance. Invested since: 2022

Food

The Green Dairy

A Swedish private/white-label manufacturer of plant-based food. The core products are dairy alternatives made from oat or fava beans. Majority shareholder since: 2025

AeroFarms

Indoor vertical farming company producing microgreens. Invested since: 2017

Click & Grow

Producer of smart gardens allowing users to grow plants at home all year round. Invested since: 2018

Matsmart/Motatos

Provider of food that would otherwise be wasted, sold by an online discounted food market which offers consumers food bargains of branded food. Invested since: 2017