Ingka GreenTech

About Ingka GreenTech

Ingka GreenTech AB (originally founded as IKEA GreenTech AB and rebranded following the Ingka Group corporate restructure) is the dedicated corporate-venture capital arm of Ingka Group, the holding entity that owns the largest IKEA franchisee globally and operates the IKEA Retail business. The vehicle was founded in 2008 and is headquartered in Malmö, Sweden, with team support drawn from Ingka Investments, the broader investment platform of Ingka Group. Ingka GreenTech does not raise external limited-partner capital and does not disclose a discrete assets-under-management figure; the vehicle is funded entirely from Ingka Group balance-sheet capital and operates as a single-LP corporate-venture vehicle. The structure is corporate CVC rather than institutional fund. The vehicle pursues minority equity stakes, typically targeting at least a 5 percent ownership threshold and occasionally larger positions when strategic relevance to IKEA's sustainability roadmap is exceptional.

Investment thesis

Ingka GreenTech pursues a corporate strategic-venture mandate, targeting Series A and Series B technology businesses that can directly improve the environmental footprint of IKEA home-furnishing products, materials and operations. The strategy is strictly minority growth-equity rather than buyout or majority control, with the firm acting as a strategic co-investor alongside generalist venture capital and impact funds. Sector focus is tightly scoped to five domains: clean energy generation and storage, water efficiency, waste reduction and circular materials, the future home category covering smart energy-aware consumer technology, and innovative materials chemistry replacing fossil-based inputs. Geographic coverage is global, although portfolio concentration sits in Europe across the Nordics, France, Germany, the United Kingdom and the Netherlands, and in North America. On observed deals, cheques run from low single-digit USD millions in Series A through to large strategic positions in late-stage rounds. Value creation rests on strategic partnership rather than operational control.

Recent activity

Recent investments include Eliq in energy-monitoring software (2023), Terramera in agricultural biotechnology (2016), Aledia in semiconductors and micro-LED displays (2015) and DesignLED in LED lighting technology (2014). Exits include Alelion Energy Systems in energy storage and batteries (IPO 2016) and DesignLED in LED lighting (2021). The platform continues to deploy across clean energy, water efficiency, circular materials and sustainable consumer technology adjacent to IKEA net-zero and circular-economy commitments. Detailed buyer names and multiple data available on Pro at €49/month.