Ikea holding company invests in climate data platform

Ikea parent company Ingka Group has invested in Swedish climate data platform Doconomy, via its Ingka Investments arm.

Doconomy, founded in 2018, provides a platform which allows consumers and businesses to measure their C02 output.

The funding round was led by venture capital investor CommerzVentures and Citigroup’s venture capital team Citi Ventures also participated.

Existing investors Mastercard and Ålandsbanken also joined the round.

Doconomy claims its platform is used by companies such as BNP Paribas, Klarna, Nordic bank Nordea, and Standard Chartered.

Ingka Group was active in terms of making investments in 2022, it purchased a $22.5 million stake in Buy Now, Pay Later (BNPL) company Jifiti in September 2021.

In March 2021, the group invested around £12 million in London-based location technology start-up what3words.


“Both Ingka and Doconomy have great ambitions in shaping tomorrow’s sustainable homes through new products and services,” said Krister Mattsson, managing director at Ingka Investments, Ingka Group. “With Doconomy we see a big potential in developing solutions to support people and products and services suppliers to measure, understand and reduce climate impact.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.