Ingrid shares
Unlisted company
Ingrid's business model is built on a SaaS platform with recurring revenue, where e-commerce merchants pay to use modules covering the delivery experience from checkout to returns.
Platform with recurring revenue
The platform brings together checkout, tracking, carrier automation and returns management in a single solution, reducing merchants' need to build and maintain separate integrations with individual carriers and system providers.
A three-sided network
The platform is built around a three-sided network connecting consumers, retailers and carriers. Through ready-made integrations with a broad range of global and regional carriers, as well as leading e-commerce platforms and enterprise systems, merchants can offer differentiated delivery options without their own development effort. The customer base comprises e-commerce merchants across several segments, from Nordic companies to international brands, and Ingrid has an established position in the Swedish market, where a significant share of e-commerce deliveries passes through the platform.
Growth outside the Nordics
The growth strategy is based on geographic expansion outside the Nordics, with a particular focus on the United Kingdom and the Netherlands, as well as continued enhancement of the platform's functionality in delivery optimisation and data-driven services.
How Ingrid makes money
SaaS platform with recurring revenue covering the delivery experience from checkout to returns
Three-sided network connecting consumers, retailers and carriers on a common platform
Scalable platform model in which new modules and integrations are added without a proportional increase in costs for the merchant
Market and reach
Ready-made integrations with a broad range of carriers, e-commerce platforms and enterprise systems
Strong position in the Nordic market, with Sweden as its home market
Geographic expansion outside the Nordics, with a focus on the United Kingdom and the Netherlands
Financial performance
Published 6 October 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2024-12-31
- 116MSEK
- Equity ratio
- 84%
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 94(+50.7 %) | 62(+47.9 %) | 42(+49.8 %) | 28(+56.3 %) |
| Revenue growth | 50.7%(+2.8 pp) | 47.9%(-1.9 pp) | 49.8%(-6.4 pp) | 56.3%(+5.7 pp) |
| EBITDA | -38 | -51 | -19 | -7.9 |
| EBIT | -67 | -73 | -35 | -17 |
| Net income | -66 | -77 | -37 | -19 |
| Equity | 101(-39.2 %) | 167(+1,067.1 %) | 14(-69.5 %) | 47(+189.1 %) |
| Total liabilities | – | – | 59 | – |
| Cash and bank | 57(-50.5 %) | 116(+1,555.3 %) | 7(-68.5 %) | 22(+2 %) |
| Equity ratio | – | 84%(+64.6 pp) | 19.4%(-53.9 pp) | 73.4%(+37.9 pp) |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 115m | SEK 896m |
Questions about Ingrid
Is Ingrid publicly listed?
No, Ingrid is a private limited company and is not listed on a stock exchange. The company has not carried out an IPO, so the share is not traded on a regulated exchange but on the unlisted market.
What does Ingrid do?
Ingrid is a Swedish software company that develops a delivery experience platform for e-commerce retailers. The platform connects consumers, retailers and carriers through modules for checkout, tracking, transport automation, store management and returns.
Can I buy shares in Ingrid?
Yes, it is possible to buy Ingrid shares through trading in unlisted shares, provided that there are sellers. Through Eqvor you can place a buy order and be matched with sellers on the unlisted market.
How do I sell shares in Ingrid?
If you own shares in Ingrid, you can place a sell order through Eqvor and be matched with buyers. When a buyer and a seller are matched, the trade is completed and the change of ownership is recorded in the company's share register according to the company's current routines.
Is Ingrid connected to Euroclear?
No, Ingrid is currently not connected to Euroclear. This means that the shares are recorded directly in the company's share register and not through the Swedish central securities depository.
Can I hold Ingrid shares at Avanza or Nordnet?
Because Ingrid is not connected to Euroclear, the shares can normally not be held in an ordinary account at Avanza or Nordnet. Ownership is instead recorded directly in the company's share register.
Does Ingrid have redemption or pre-emption clauses?
Yes, Ingrid has redemption or pre-emption clauses. This means that share transfers may need to be handled under specific terms before shares are sold on to an external buyer.
At what price does the Ingrid share trade?
Because Ingrid is not listed on a stock exchange, there is no official price on a regulated marketplace. The price is instead set by supply and demand between buyers and sellers on the unlisted market.
When will Ingrid go public?
There is currently no publicly communicated timetable for a stock exchange listing of Ingrid. We therefore do not know today when Ingrid might be listed, or whether the company will carry out an IPO.
What risks are there in investing in Ingrid?
Investing in Ingrid involves risk, just as with other investments in unlisted shares. The company's value development can be affected by the e-commerce market, customer growth, competition, technology development, capital needs and demand for delivery solutions covering checkout, tracking and returns. Trading in unlisted shares also normally involves lower liquidity than trading in exchange-listed shares.
Where do I find Ingrid's annual report?
Ingrid's annual report is available under Investor relations and Financial reports. The company's annual reports can be downloaded there.
Has Ingrid carried out share issues?
Yes, Ingrid has carried out capital raises and earlier share issues. Ingrid's capital raised is stated at SEK 336.3 million, which shows how much capital the company has raised through previous financing.
How much capital has Ingrid raised in total?
Ingrid's capital raised is stated at SEK 336.3 million. An equity raise is the English term for raising capital; in Swedish, terms such as kapitalrunda, finansiering or nyemission are more common.
Has Ingrid reported a profit or a loss?
Ingrid reports a negative result in the most recent available information. Under Key figures, EBITDA is stated at TSEK −50,596 and net income at TSEK −77,371. The company's earnings trend is also shown in the Result per year chart.