Ingka Group (IKEA), SEB Groupe and United Angels VC participate in the $11 million investment round to Click & Grow
Click & Grow, the leading producer of smart indoor gardens, closed its latest financing round led by Estonian-based United Angels VC alongside two strategic investors: Ingka Group, the world’s largest home furnishing retailer operating 367 IKEA stores, and SEB Alliance, the corporate venture arm of French Groupe SEB.
This is the most significant round Click & Grow has raised so far. The round aimed to expand and accelerate Click & Grow’s worldwide presence and further popularize hyper-local gardening.
Ellex counsel Antti Perli advised Ingka Group, SEB Alliance and United Angels VC in the investment.
About the Ingka Group
Ingka Group (Ingka Holding B.V. and its controlled entities) is one of 11 different groups of companies that own and operate IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. Ingka Group has three business areas: IKEA Retail, Ingka Investments, and Ingka Centres. It is the world’s largest home furnishing retailer operating 367 IKEA stores in 30 markets.
About SEB Alliance
SEB Alliance is the corporate venture capital arm of Groupe SEB, the world leader in small domestic equipment. SEB Alliance prioritizes minority stake investments in innovative companies with high technological content operating in areas such as smart systems/connectivity & robotics, new forms of energy, aging population, preserving health, beauty and well-being, ecology and sustainable development.
About United Angels VC
United Angels VC is an early stage VC fund based in Estonia. It invests throughout the software stack and related areas. The fund and its partner’s portfolio include some of the fastest growing companies originating from Northern-Europe, such as Taxify, Monese, and Veriff. The fund’s food tech portfolio includes Click & Grow, Epic Foods, eAgronom, and FoodDocs.
About Click & Grow
Click & Grow was founded by Mattias Lepp in 2009 and has shipped its products to more than 450,000 customers around the world.