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Verdane

Europe, Oslo, Norway, Oslo

Description

Verdane is a prominent European growth equity firm, headquartered in Oslo, Norway, with additional offices across Northern Europe. The firm specializes in providing flexible growth capital to fast-growing businesses within three core thematic areas: digital consumer, software, and sustainable society. Verdane's investment philosophy centers on partnering with ambitious management teams to accelerate growth, often through international expansion and strategic operational enhancements. They are known for their deep sector expertise and a hands-on approach to value creation.

Verdane typically targets companies that are already profitable or nearing profitability, with significant potential for further scaling. Their investment strategy often involves taking majority or significant minority stakes, providing substantial capital injections to fuel expansion. A key aspect of their approach is the "Verdane Way," which emphasizes active ownership and leveraging their extensive network and operational expertise to support portfolio companies. This includes assisting with M&A strategies, digital transformation, and sustainability initiatives.

The firm manages significant capital, enabling large-scale investments. For instance, Verdane Edda III, one of their recent funds, closed at €1.1 billion (approximately $1.2 billion), demonstrating their capacity for substantial commitments. Verdane's typical first cheque sizes range from approximately €20 million to €200 million per company, translating to roughly $21.6 million to $216 million based on prevailing exchange rates. This positions them firmly in the growth equity space, targeting established businesses ready for their next phase of expansion rather than early-stage ventures. Their focus on sustainability is also notable, with a dedicated "sustainable society" theme reflecting a commitment to impact alongside financial returns.

Investor Profile

Verdane has backed more than 123 startups, with 1 new investments in the last 12 months alone. The firm has led 56 rounds, about 46% of its total and boasts 24 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Private Equity, Series B rounds (top funding stages).
  • Majority of deals are located in Sweden, Norway, Germany.
  • Strong thematic focus on E-Commerce, Software, Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $21.6M – $216M.

Stage Focus

  • Series Unknown (58%)
  • Private Equity (20%)
  • Series B (5%)
  • Series A (5%)
  • Series C (5%)
  • Series E (2%)
  • Seed (2%)
  • Undisclosed (1%)
  • Pre Seed (1%)
  • Corporate Round (1%)

Country Focus

  • Sweden (45%)
  • Norway (18%)
  • Germany (12%)
  • Finland (7%)
  • Denmark (7%)
  • United States (5%)
  • United Kingdom (3%)
  • The Netherlands (2%)
  • Austria (1%)
  • Ireland (1%)

Industry Focus

  • E-commerce
  • Software
  • Information Technology
  • Retail
  • Saas
  • Internet
  • Fashion
  • Lifestyle
  • Analytics
  • Information Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Verdane frequently co-invest with?

Canica
Europe, Oslo, Norway, Oslo
Co-Investments: 5
Schibsted
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
Aggregate Media
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Industrifonden
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Austin Ventures
North America, Texas, United States, Austin
Co-Investments: 2
Zobito
Europe, Skane Lan, Sweden, Limhamn
Co-Investments: 3
Northzone
Europe, England, United Kingdom, London
Co-Investments: 3
Greylock
North America, California, United States, Menlo Park
Co-Investments: 2
Kinnevik
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
PSG Equity
North America, Massachusetts, United States, Boston
Co-Investments: 2

Which angels does Verdane often collaborate with?

AH
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
Shared Deals: 1
CS
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
AO
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
MM
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
KP
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
SC
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
FE
Europe, Berlin, Germany, Berlin
Shared Deals: 1

What are some of recent deals done by Verdane?

Guardsquare

Leuven, Vlaams-Brabant, Belgium

Guardsquare develops premium software for the protection of mobile applications against reverse engineering and hacking.

Developer ToolsInternet of ThingsMobileSecuritySoftware
Series UnknownJul 3, 2025
Sitoo

Stockholm, Stockholms Lan, Sweden

Cloud-native POS and Unified Commerce Platform

EnterpriseFashionLifestylePoint of SaleRetail TechnologySaaSSmall and Medium BusinessesSoftware
Private EquityNov 28, 2024
Amount Raised: $27,456,658
fiskaly

Vienna, Wien, Austria

Software and Compliance as a service

ComplianceCyber SecurityFinancial ServicesFinTechInformation TechnologyPoint of SaleRetail TechnologySecuritySoftware
Series UnknownJun 10, 2024
Ingrid

Stockholm, Stockholms Lan, Sweden

Ingrid Delivery Platform connects merchants, carriers, and consumers to create a better shopping experience for everyone.

DeliveryE-CommerceLogisticsShippingSupply Chain Management
Series AMar 19, 2024
Amount Raised: $22,809,575
Jobylon

Stockholm, Stockholms Lan, Sweden

Jobylon's enterprise hiring platform helps HR, recruiters and hiring managers streamline their processes and provide a candidate experience.

B2BRecruitingSaaSSoftware
Private EquityDec 18, 2023
Meltwater

Oslo, Oslo, Norway

Meltwater is a social listening platform that offers businesses insights into online reputation, industry trends, and customer behavior.

AnalyticsArtificial Intelligence (AI)Data IntegrationPublic RelationsSaaSSocial MediaSocial Media ManagementSoftware
Private EquityDec 18, 2023
Amount Raised: $65,000,000
Urban Sports Club

Berlin, Berlin, Germany

Urban Sports offers a monthly flat rate for all kinds of sports activities in the city.

FitnessLifestyleSportsWellness
Series UnknownDec 14, 2023
Amount Raised: $104,436,805
Urban Volt

Dublin, Dublin, Ireland

Urban Volt is an energy services company that provides energy-efficient lighting solutions to commercial and industrial clients.

EnergyEnergy EfficiencyEnergy ManagementEnergy Storage
Private EquityAug 31, 2023
Amount Raised: $28,191,525
MatHem

Stockholm, Stockholms Lan, Sweden

MatHem is an e-commerce company that combines a complete grocery store online with recipes and subscriptions for ready-made groceries.

E-CommerceFood and BeverageGroceryInternet
Series UnknownMay 17, 2023
Amount Raised: $95,707,518
Verified

Oslo, Oslo, Norway

Verified specializes in providing services for electronic signing, identification, anti-money laundering and API integration solutions.

Developer APIsE-SignatureIdentity Management
Private EquityApr 4, 2023
Amount Raised: $33,969,252