When was MatHem founded?

MatHem was founded in 2009 and raised its 1st funding round 3 years after it was founded.

Where is MatHem located?

MatHem is headquartered in Stockholm, Sweden.

How many employees does MatHem have?

As of Mar 31, 2026, the latest employee count at MatHem is 653.

Is MatHem a funded company?

MatHem is a funded company, having raised a total of $204M across 11 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 28, 2012.

When was the latest funding round of MatHem?

MatHem's latest funding was a $***** Series D round on May 17, 2023, with participation from 6 investors.

Where does MatHem rank among its competitors?

MatHem ranks 1st amongst 18 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was MatHem, which secured an undisclosed amount in May, 2023.

Who are the top competitors of MatHem?

MatHem's top competitors include Kavall, Vembla and NearbyStore. Among them, MatHem secured the most recent funding round in May, 2023.

MatHem - 2026 Company Profile, Team, Funding & Competitors

MatHem is a series D company based in Stockholm (Sweden), founded in 2009 by Karolin Kull. It operates as an Online retailer of grocery products. MatHem has raised $204M in funding from investors like Kinnevik, Clas Ohlson and Rite Ventures. The company has 18 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Kavall, Vembla and NearbyStore.

Company Details

MatHem is an online retailer of grocery products. It offers products across various categories including fruits, vegetables, baked products, dairy products, meat, seafood, pantry items, spices, snacks, beverages, household essentials, baby care products, pet food, medicines, organic foods, etc. Users can place orders either from its website or mobile application available for Android and iOS devices. It delivers orders in recyclable biodegradable paper bags across Sweden through an in-house logistics team. It has been awarded as "The Grocery Website of the Year" (Årets matsajt) in 2010, 2011 and 2013 by the Swedish online magazine "Internetworld". Has also won the Gold Mobile 2012 award for best mobile innovation.

Website: www.mathem.se/se/
Social
Email ID: *****@mathem.se

Key Metrics

Founded Year

2009

Location

Stockholm, Sweden

Stage

Series D

Total Funding

$204M in 11 rounds

Latest Funding Round

Series D, May 17, 2023, $*****

Investors

Kinnevik & 16 more

Ranked

1^st among 18 active competitors

Employee Count

653 as on Mar 31, 2026

Investment & Acquisitions

Kavall

Similar Companies

Bigbasket & 3590 more

View MatHem's full profile

MatHem has raised a total funding of $204M over 11 rounds. Its first funding round was on Jan 28, 2012. Its latest funding round was a Series D round on May 17, 2023 for $*****. 6 investors participated in its latest round. MatHem has 16 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of MatHem:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 17, 2023	8597022	Series D	6834294	2743071	4867065	2659050
Apr 22, 2021	1574322	Series D	6027730	1169628	3957225	Kinnevik & 2 more
Apr 22, 2021	5121487	Conventional Debt	6897984	8494751	7111690	PCP

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View details of MatHem's funding rounds and investors

The founders of MatHem is Karolin Kull. Tomas Kull is the CEO of MatHem.

Here are the details of MatHem's key team members:

Karolin Kull: Founder of MatHem.

View details of MatHem's Founder profiles and Board Members

MatHem's employee count trend

MatHem has 653 employees as of Mar 26. Here is MatHem's employee count trend over the years:

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Top competitors of MatHem include Kavall, Vembla and NearbyStore. Here is the list of Top 10 competitors of MatHem, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MatHem 2009, Stockholm (Sweden), Series D	Online retailer of grocery products	$204M	Kinnevik, Salica Investments & 15 others	47/100
2nd	Kavall 2021, Stockholm (Sweden), Acquired	Online platform offering ultra-fast multi-category grocery delivery	$22.1M	Inbox Capital, VNV Global & 6 others	45/100
3rd	Vembla 2019, Stockholm (Sweden), Series A	Online marketplace offering groceries	$5.28M	Spring Capital, Cats & 3 others	33/100
4th	NearbyStore 2021, Linkoping (Sweden), Unfunded	Online grocery platform that enables customers to purchase and pick up products from nearby locations	-	-	32/100
5th	Mat.se 2011, Stockholm (Sweden), Late Stage	Online grocery retailer based in Sweden	$2.37M	Gullspang Invest	32/100
6th	Ding Dong 2021, Stockholm (Sweden), Funding Raised	Platform offering multi-category grocery supplies	-	West Quad Ventures	28/100
7th	Picsmart 2019, Stockholm (Sweden), Seed	Online retailer offering multi-category grocery supplies	$5.4M	Aggregate Media	27/100
8th	Locals 2014, Lund (Sweden), Unfunded	Online marketplace for grocery products	-	-	27/100
9th	Paradiset 2002, Stockholm (Sweden), Unfunded	Online marketplace offering food products	-	-	25/100
10th	Scandinavian Online Store 2020, Gothenburg (Sweden), Unfunded	Online store selling food, candy, and groceries	-	-	24/100