Highlights during the quarter
During the third quarter VEF added one new company to the portfolio, made one follow on investment and converted two outstanding convertible loan notes.
- VEF invested
USD 10 mln into India’s leading online trucking platform, BlackBuck, our third investment inIndia . - Konfío raised an additional
USD 110 mln , becoming Mexico’s latest fintech unicorn. VEF owns 10.3% of the company and participated with an additionalUSD 9.3 mln investment. - TransferGo announced its
USD 50 mln series C financing round and VEF participated by way of converting outstandingUSD 5.0 mln debt in the company.
Creditas announced a partnership with
In August, VEF completed a successful directed share issue at
On
Net asset value
- NAV of VEF’s portfolio increased during 9M21 to
USD 553.6 mln . NAV per share increased by 13.6% toUSD 0.53 per share during 9M21. - In local currency, NAV increased to
SEK 4,837 mln . NAV per share increased by 21.1% toSEK 4.64 per share during 9M21. - Cash position, including liquidity investments, was
USD 98.1 mln at the end of 9M21.
Financial result
- Net result for 3Q21 was
USD 51.8 mln (3Q20:USD 44.4 mln ). Earnings per share wereUSD 0.06 (3Q20:USD 0.07 ). - Net result for 9M21 was
USD 67.5 mln (9M20:USD 19.0 mln ). Earnings per share wereUSD 0.08 (9M20:USD 0.03 ).
Net asset value (USD mln) | 249.4 | 388.1 | 553.6 |
Net asset value (SEK mln) | 2,325 | 3,178 | 4,837 |
Net asset value per share (USD) | 0.38 | 0.47 | 0.53 |
Net asset value per share (SEK) | 3.55 | 3.83 | 4.64 |
2.94 | 4.04 | 5.66 |
Events after the end of the period
- In October, VEF invested an additional
USD 0.5 mln , via a safe note, inPakistan based financial wellness company Abhi.
Visit VEF’s IR page for our financial reports and other information: vef.vc/investors
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