HarbourVest Partners LLC purchased over 5 million shares of Klarna Group plc for approximately $184.11 million. This investment represents nearly 90% of HarbourVest's total portfolio. The firm now holds a 0.70% stake in the payments company.
Alpha Wave Global LP also disclosed a new position of 376,200 shares valued at roughly $13.79 million. This holding accounts for 1.4% of Alpha Wave's portfolio.
Klarna shares rose 8.6% on Friday following these disclosures. The institutional investments indicate a significant boost in investor confidence for the fintech firm.