VNV Global

VNV Global, formerly Vostok New Ventures, is a Stockholm-based investment company publicly listed on Nasdaq Stockholm. It operates as a permanent capital vehicle, allowing for a long-term investment horizon. The firm primarily targets high-growth businesses within digital marketplaces, classifieds, and companies leveraging strong network effects. In recent years, VNV Global has also significantly expanded its focus into the digital health sector, identifying it as a key area for future growth and impact.

The investment strategy of VNV Global is characterized by its active, hands-on approach and a preference for taking significant minority stakes in its portfolio companies. Unlike traditional venture capital funds with fixed lifespans, VNV Global's structure enables it to support its portfolio companies through multiple funding rounds and over extended periods, providing stable capital for long-term development. This allows them to invest in both private and, occasionally, public companies, focusing on those with proven business models and substantial market potential.

VNV Global has built a robust portfolio of leading digital companies across various geographies. Notable past and present investments include the successful exit of Avito, a leading Russian classifieds platform, and current holdings in companies like BlaBlaCar, a global carpooling platform, and digital health innovators such as Babylon Health and KRY/Livi. These investments demonstrate their capacity to deploy substantial capital; for instance, VNV Global invested approximately $15 million in Babylon Health in 2020 and €10 million in KRY/Livi in 2021. As of the fourth quarter of 2023, the company reported a Net Asset Value (NAV) of approximately $468 million, underscoring its significant financial capacity.

Given their focus on growth-stage companies and their substantial capital base, VNV Global typically provides initial cheques ranging from $5 million to $50 million. This range reflects their commitment to taking meaningful positions in companies poised for significant scale and market leadership. Their long-term perspective and strategic support make them a compelling partner for ambitious digital businesses seeking substantial growth capital.