VNV Global

VNV Global (Nasdaq Stockholm: VNV) is a publicly listed investment company headquartered in Stockholm, Sweden, with an additional team in Cyprus. Founded in 2007 (originally as Vostok New Ventures), the firm deploys patient, permanent capital into high-growth technology companies that exhibit strong network effects, with a particular focus on marketplaces, mobility, digital health, and classifieds. VNV is stage-agnostic, backing founders from seed through late-stage growth, and invests globally across developed and emerging markets — its current portfolio spans Europe, the Middle East and North Africa, Sub-Saharan Africa, South and Southeast Asia, and Latin America. As of year-end 2025, the firm's net asset value stood at approximately $547 million across a portfolio of roughly 68 companies, with notable holdings including BlaBlaCar, Voi Technology, Numan, HousingAnywhere, and Breadfast. VNV has a strong track record of exits, including Avito (37% IRR), Tinkoff Bank (42% IRR), and Hemnet (50.5% IRR). Because VNV operates as a publicly traded permanent capital vehicle rather than a traditional fund, it does not raise discrete funds or follow typical LP timelines, allowing for long hold periods suited to capital-intensive, network-effect businesses scaling toward profitability.