Kinnevik (KINV) Pre-silent presentation summary

Leadership changes

• Helena Saxon appointed as new CEO effective 1 August 2026, bringing over 30 years of operational leadership and a strong record in capital stewardship and value creation.

Portfolio company milestones

• Spring Health completed its acquisition of Alma, creating a combined entity supporting over 170 million individuals globally and targeting USD 1 billion in revenue over the next 12 months.

• Perk secured a USD 300 million credit facility following 48% revenue growth in 2025 to support its next growth phase.

• Oviva's new study showed its digital weight management program achieved a mean weight loss of 12.4% after nine months, with significant reductions in GP utilization and long-term sick leave.

• Wordsmith raised USD 70 million after growing revenue by more than 14 times in the past year.

Market and valuation trends

• SaaS sector rerating varies by subsector, business model, and company profile, with peer multiples and currency impacts detailed as of 15 June 2026.

• Private portfolio exposure is 71% in US dollars, 26% in euros, and 29% in Swedish krona, with respective impacts on NAV.

• Notable valuation changes in sectors such as e-commerce logistics, food delivery, digital wealth management, and online travel agencies.