Folksam is a leading Swedish insurance company headquartered in Stockholm, consisting of two mutual insurance entities: Folksam sak and Folksam liv. The firm has a strong connection to cooperative and trade union organizations in Sweden, having been established in 1908 as an insurance branch of Kooperativa Förbundet (KF). Folksam primarily focuses on corporate rounds and convertible notes for its investments.
One of Folksam's notable portfolio companies is Northvolt, a prominent battery manufacturer that has raised $1.6 billion. Folksam's investment philosophy is deeply rooted in its cooperative heritage, emphasizing sustainable and socially responsible investments. The firm offers unique value-add services through its extensive network within the cooperative and trade union sectors, providing strategic support and industry connections to its portfolio companies.
Folksam - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages