Vostok New Ventures Ltd

Overview

Vostok New Ventures Ltd is a Swedish private investment firm specializing in online marketplaces and businesses with strong network effects. The firm was established in 2007, following the restructuring of Vostok Nafta Investment Ltd, which was founded in 1996 by Adolf H. Lundin. Initially, Vostok Nafta focused on investments in the oil, gas, and mining industries within the former Soviet Union. However, in 2007, the company shifted its focus to internet and consumer sectors in Russia and other markets, leading to the formation of Vostok New Ventures Ltd. The firm is managed by Per Brilioth and has been involved in several notable investments. In 2016, Vostok New Ventures acquired shares in BlaBlaCar, a Paris-based ride-sharing service, through an in-kind transaction valued at approximately EUR 40 million. This acquisition was completed by issuing 6,866,766 newly issued shares in Vostok New Ventures. As of 2016, the firm owned approximately 5.4% of BlaBlaCar. Additionally, in 2019, Vostok New Ventures invested in Voi Technology AB, a company providing electric scooter-sharing services. The firm's Swedish Depository Receipts (SDRs) are listed on Nasdaq Stockholm under the ticker VNV SDB. Vostok New Ventures Ltd continues to focus on identifying and investing in assets with significant potential for value appreciation, leveraging its experience, expertise, and extensive network to support the growth of its portfolio companies.

Investment Focus

• Strong network effects
• Scalable business models
• Experienced management teams
• Potential for significant value appreciation
• Alignment with firm's investment strategy

Portfolio Companies