Kinnevik invested SEK 2.3bn during 2020 whereof SEK 1.2bn into five new growth companies and SEK 1.1bn in follow-on investments in the high-performing businesses of our unlisted and early growth portfolio, in line with our capital allocation framework. Full-year divestments amounted to SEK 8.9bn, whereof SEK 6.7bn from Zalando and SEK 1.2bn in cash from the merger transaction between Teladoc and Livngo, where we also received shaes in Teladoc at a value of SEK 12.8bn.
| Investee Company (SEKm) | Invested |
| CityBlock | 380 |
| HungryPanda | 311 |
| VillageMD | 260 |
| Budbee | 211 |
| Common | 184 |
| MatHem | 182 |
| Other | 801 |
| Total investments | 2,329 |
| Investee Company (SEKm) | Divested |
| Zalando | 6,725 |
| Livongo | 1,197 |
| Other | 943 |
| Total Divestments | 8,871 |
| Net Investments | (6,542) |