# First Venture Sweden > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/firstventuresweden). ## Overview First Venture Sweden AB is a Stockholm-based investment company that builds a portfolio of growth businesses in technology, health and sustainability. It invests in both unlisted and listed companies and acts as an active, long-term owner alongside the entrepreneurs behind its portfolio holdings. ## Products & services • Investments in unlisted growth companies • Investments in listed growth companies • Active ownership and portfolio support • Capital allocation across technology, health and sustainability - **Unlisted growth investments** (55%) — Equity investments in private portfolio companies with growth potential. - **Listed equity investments** (30%) — Holdings in publicly traded growth companies valued through market prices. - **Portfolio support and active ownership** (15%) — Strategic involvement with portfolio companies through close collaboration with management teams. - Investments in unlisted growth companies - Investments in listed growth companies - Active ownership and portfolio support - Capital allocation across technology, health and sustainability ## Customers First Venture does not sell products to end customers; its capital is deployed into entrepreneurial teams and growth companies. Its counterparties are founders, management teams, and the boards of portfolio companies that seek long-term capital and active ownership support. - **Entrepreneurial growth companies** (primary) — Private companies in technology, health and sustainability that receive equity capital and strategic support. - **Listed growth companies** (secondary) — Publicly traded holdings that First Venture owns as part of its investment portfolio. - **Entrepreneurial teams** (primary) — Founders and management teams that partner with First Venture for long-term ownership and guidance. - Entrepreneurial founding teams seeking growth capital - Management teams of technology, health and sustainability companies - Portfolio companies that benefit from active ownership - Public-market investors in First Venture shares ## Geography The company is headquartered in Stockholm and operates as a Swedish investment company. Its portfolio exposure is not described as tied to one operating geography, but the business is anchored in the Nordic venture and growth-company ecosystem through its Stockholm base and listed share on Nasdaq First North Growth Market. - Headquartered in Stockholm, Sweden - Operates as a Swedish listed investment company - Portfolio exposure is driven by holdings, not physical operations - Listed on Nasdaq First North Growth Market - Geographic risk depends on where portfolio companies operate ## Strategy First Venture focuses on backing strong entrepreneurial teams in technology, health and sustainability, with a mix of private and listed growth investments. Its strategy is to remain a long-term, active owner and to work closely with portfolio companies to support development and value creation. - **Invest in growth companies across selected themes** (medium-term) — Focus narrows the opportunity set to sectors where the firm believes it can add capital and ownership support. - **Maintain active ownership in portfolio companies** (medium-term) — Close collaboration with entrepreneurs can improve strategic execution and portfolio company development. - **Balance listed and unlisted holdings** (long-term) — A mixed portfolio can diversify exposure between private-company upside and public-market liquidity. - Back entrepreneurial teams in technology, health and sustainability - Combine private and listed growth investments - Maintain a long-term ownership horizon - Use active ownership to support portfolio companies - Concentrate on growth-company value creation ## Risks The business is exposed to valuation swings in both private and public holdings, since portfolio value depends on market prices and judgment-based fair values. It also faces concentration and execution risk because returns depend on a limited number of entrepreneurial teams and the success of growth companies in cyclical sectors such as technology and health. - **Fair value volatility in portfolio holdings** [high] — Listed holdings are marked to market and unlisted holdings are valued using judgment-based methods. - **Concentration risk** [high] — An investment company can have meaningful exposure to a limited number of holdings. - **Execution risk in portfolio companies** [medium] — Returns depend on the ability of entrepreneurial teams to grow and scale businesses. - Fair value changes in listed and unlisted holdings can move reported results - Portfolio concentration can make outcomes dependent on a few investments - Growth-company valuations are sensitive to market sentiment and rates - Private holdings rely on management estimates and exit assumptions - Active ownership depends on the quality and execution of entrepreneur teams ## Accounting The key accounting issue is fair value measurement of portfolio investments, especially unlisted holdings that are valued using private equity and venture capital valuation guidelines. Reported results can also be affected by mark-to-market changes in listed holdings and by judgment in classifying related-party and management service costs. - **Fair value measurement of unlisted investments** — Portfolio valuation - **Market pricing of listed holdings** — Income statement and balance sheet - **Related-party consulting arrangements** — Operating expenses - Unlisted holdings are valued using private equity and venture capital guidelines - Listed holdings are measured using closing market prices - Fair value changes can create large swings in reported earnings - Related-party consulting costs affect operating expense comparability - Judgment in valuation inputs is central to reported net asset value --- *Last updated: 2026-08-11T04:04:52.656810+00:00*