CEO & Co-Founder, Kolonial.no
Karl Munthe-Kaas is the Co-Founder and CEO of Kolonial.no, Norway's largest online grocery store. Kolonial.no was founded in 2013 by a group of ten friends, combining skills in software development with traditional Lean operations. Kolonial.no offers a full assortment of groceries, in a smooth and easy user experience. They are leading the way both in market size and innovation, and are constantly testing and rolling out new features and logistical solutions.
Kolonial.no was valued at 30m USD in their series A round early 2015, after raising only 1m USD in seed money, by proving customer value quickly and efficiently. They began full-scale marketing in August 2015 and reached 1m USD turnover per week in April 2016, just eight months later. Growth has continued since then, and in October 2016 Kolonial.no raised around 20M EUR, at a valuation of around 125M EUR.
Karl previously consulted large companies on Lean operations at McKinsey & Company, and developed new online marketplaces for Schibsted Classified Media. He holds an M.Sc. in Economics from London School of Economics.