Verdane Capital, a Nordic growth investment firm, has announced the first investment out of a new SEK 3 billion (€285.27m) fund.
Verdane Edda received support from Nordic and international investors, including public and private pension funds, insurance companies, foundations, family offices and fund of funds.
Led by Jakob Tolleryd, partner, the fund is investing in fast-growing companies within software, consumer internet and more traditional sectors where digitalization can be a key driver of success. The fund targets individual investments reaching up to SEK 500 million.
The first investment was made in Inovia (read here).
Verdane provides flexible growth capital to fast-growing software, consumer internet, energy or high-technology industry businesses, through both minority and majority investments in individual companies and portfolios.
The firm’s current portfolio of 42 core companies includes Boozt, EasyPark, Desenio, inRiver and Mathem.
Verdane Advisory Group has 35 employees working out of offices in Copenhagen, Helsinki, London, Oslo and Stockholm.