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Kinnevik’s greatest asset is and has always been our people - in our own organisation and in our portfolio. As such, attracting and retaining top talent is a key priority. Kinnevik regards diversity, equity and inclusion as core levers for value creation, and we make full use of the opportunities that arise from employing a team with different backgrounds and perspectives.

Fulfilment of DEI Targets 2025

1. Female representation

Target: Achieve an average share of women in portfolio company boards and management teams of 40%.

Outcome: The share of women in portfolio company boards was 29 percent per end of 2025 (25 percent 2024) and in portfolio management teams 36 percent (37 percent).

2. Follow-on investments 

Target: Only make follow-on investments in companies that are making sufficient progress in relation to diversity and inclusion.

Outcome: All potential follow-on investments are evaluated on diversity, equity, & inclusion (“DEI”) performance and are conditional upon satisfactory progress. During 2025, 96 percent of our portfolio companies made progress on their respective DEI ambitions and gaps (97 percent 2024).

3. Portfolio strategy 

Target: Ensure 100 percent of portfolio companies have a DEI strategy in place, including measurable targets and regular internal tracking of progress.

Outcome: At the end of 2025, 96 percent of our portfolio companies had a DEI strategy in place (94 percent 2024).