Verdane, an Oslo, Norway-based growth investment firm, closed Verdane Edda III, at €1.1 Billion.
Edda III included commitments from private and public pension funds, global university endowments, foundations, insurance companies, and family offices.
Verdane will continue to invest thematically in European companies that help digitalise and decarbonise the economy. The firm can invest as a minority or majority investor, either in single companies or through portfolios of companies.
Verdane invests between €20 and €150+ million in equity tickets, taking majority or minority positions, or act as liquidity provider to owners of unlisted portfolios. Companies backed by Verdane benefit from a platform to support their growth, which includes a proven value-creation engine, deep sector expertise, a benchmarking engine with over 100 million data points and an ecosystem of 600+ CXOs. Portfolio companies are further supported by Elevate, Verdane’s in-house team of operational experts, who offer dedicated expertise in go-to-market strategy, product, technology, finance, talent and sustainability. With a team of more than 140 skilled professionals, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, Verdane’s local presence in core European markets enables proprietary access to the region’s best technology companies.
The firm has deployed capital in digitalisation and decarbonisation megatrends, backing 19 European businesses over the past 12 months. Current holdings included: CAIA Cosmetics, Evondos, and Hornetsecurity.
In the past six months, Verdane has closed two funds above target, together totalling €2.2 Billion, including the €1.1 Billion Freya XI fund, which held its final close in September 2023.
FinSMEs
27/02/2024