Karl Alveng Munthe-Kaas (35) is the man who gave the Norwegians broccoli, toothpaste, eggs, milk and parsley directly at the door – on a grand scale. Together with ten other entrepreneurs, he started the Kolonial.no grocery store in 2013. In recent years, he has grown and grown big.
But the huge growth so far has cost the company a lot of money. In 2017, Kolonial.no lost 700,000 crowns every day.
For the entrepreneur's private company, it seems much better.
Small Business Gains
Last year, Munthe-Kaas earned NOK 4.3 million before taxes, according to the new accounts of Alveng Holding as.
Munthe-Kaas just wants to make the following comment about the accounts:
– About a million comes from the sale of Kolonial shares. The remainder of the result comes from gains in other startups in which I am a shareholder, he says.
His biggest investment is still Kolonial.no, where he is the third largest owner. But Munthe-Kaas also played on other horses. Among other things, he invested in:
- The car-sharing service Nabobil.no, where he was also a co-worker.
- The fast-growing hairdressers chain Cutters.
- Fieldmade as, which develops and manufactures containers for 3D printers for use in military field operations.
He also invested in Startuplab and Spring Capital, the fund of Are Traasdahl.
Since some of the investments listed in the recent Munthe-Kaas accounts were issued, it is difficult to identify exactly which companies it has won.
Has shares for NOK 200 million.
Kolonial.no businessman last year paid NOK 1.4 million in dividends. Two years earlier, it withdrew NOK 6.2 million in dividends after a pre-tax profit of NOK 8.2 million.
In addition, it has great values in Kolonial.no. In the fall of 2018, the DN wrote that Munthe-Kaas had shares for about NOK 200 million.
On Monday morning, it was known that the Swedish Kinnevik takes a new jafs from Kolonial.no after buying shares for NOK 300 million. Early investors at the grocery store sold shares for NOK 150 million in connection with the acquisition.
Kinnevik bought shares for the same amount last summer and is now the company's largest shareholder.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using the link, which leads directly to our pages. Copying or other forms of use of all or part of the content may only occur after written permission or as permitted by law. For more terms, see here.