Verdane
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European specialist growth equity firm investing in tech-enabled and sustainable lower mid-market companies.
Also known as Verdane Capital
Investors · 1
Company profile
researched Aug 2026Verdane is a European specialist growth equity investment firm that partners with tech-enabled and sustainable businesses, positioning itself in the lower mid-market and focusing on companies seeking to scale internationally. The firm invests through both portfolio (multi-company) and direct transactions and concentrates on digital consumer, software and sustainable society businesses, as well as a dedicated decarbonization strategy run through its Idun fund family.
The firm operates a family of funds including the growth-focused Freya series and the decarbonization-focused Idun series. Idun funds typically invest between €20 million and €100 million per company. Verdane also maintains an in-house operational team, Elevate, which provides strategic and operational support to portfolio companies across go-to-market and operations. Named past and present portfolio companies include Boozt, EasyPark, Instabox, inRiver, Hornetsecurity, MatHem, momox, smava, Scanmarket, CAIA Cosmetics, Apoteka, Danelec Marine, CRF Health and Forsta; Corlytics is also identified as a Verdane-backed business.
Business model
Verdane raises closed-end investment funds from institutional and other limited partners and deploys the capital into growth-stage European companies, acquiring stakes through direct investments and portfolio transactions and supporting companies operationally with the aim of realising returns on exit.
As a fund manager, Verdane's economics derive from managing committed capital in its Freya, Idun and other fund vehicles on behalf of limited partners.
Traction
Verdane's funds have made over 140 investments through portfolio and direct transactions since 2003. Since 2003 the firm has backed 42 sustainable businesses via its funds, and in the 12 months to October 2024 it backed 16 European businesses with €600 million of capital. Total capital raised across its funds reached €9 billion following the final close of Verdane Freya XII in September 2025.
Latest developments
Verdane completed the final close of Verdane Freya XII at €2 billion ($2.3 billion) in September 2025, meeting its initial target less than six months after first close and bringing total capital raised to €9 billion. In May 2026, a scheme relating to the recommended cash acquisition of Augmentum Fintech plc by Frontier Bidco Limited, indirectly and wholly controlled by Verdane Fund Manager AB, became effective. In May 2026, Verdane-backed regulatory intelligence firm Corlytics appointed Lisa Miles-Heal as Chief Executive Officer, effective June.
▸Full profile — market position, go-to-market, geography, history
Market position
Described as a lower mid-market European investment firm and specialist growth investor. Its funds have raised €9 billion in total capital, with Verdane Freya XII (€2 billion) its largest fund to date, and it states its decarbonization team of 13 investment professionals is one of the largest in Europe.
Verdane emphasises a combination of local presence through teams in six countries with sector-specialist growth experience, an in-house operational support team (Elevate), and the ability to execute both direct and multi-company portfolio transactions. Its Idun II decarbonization fund is classified as an Article 9 fund under the EU SFDR and applies sustainability screens including a minimum carbon avoidance target of 5,000 tons of CO2 avoided per €1 million invested.
Go-to-market
The firm sources and executes growth investments through country-based investment teams in its six office locations, and raises capital from institutional limited partners across Europe.
Tech-enabled and sustainable European growth companies, particularly category leaders in digital consumer, software and sustainable society segments seeking international expansion; on the capital side, institutional investors including pension fiduciaries, state climate funds, development finance institutions and non-profit organisations.
Geography
Headquartered operations span offices in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, with an investment focus on European and particularly Northern European companies; personnel are also listed in Munich.
History
Verdane's funds have been investing since 2003. Bjarne Kveim Lie is the firm's founder and Managing Partner. In 2024 the firm expanded its decarbonization team with a series of new appointments and closed its second decarbonization fund, Idun II, at €700 million. In September 2025 it completed the final close of Verdane Freya XII at €2 billion, its largest fund. In 2026 Verdane-related activity included a recommended cash acquisition of Augmentum Fintech plc by Frontier Bidco Limited, a company indirectly and wholly controlled by Verdane Fund Manager AB, which became effective in May 2026, and a CEO appointment at portfolio company Corlytics.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsCorlytics, the Verdane-backed regulatory intelligence firm, appointed Lisa Miles-Heal as Chief Executive Officer, effective June.
The scheme relating to the recommended cash acquisition of Augmentum Fintech plc by Frontier Bidco Limited, a newly formed company indirectly and wholly controlled by Verdane Fund Manager AB, became effective.
Verdane completed the final close of Verdane Freya XII at €2 billion ($2.3 billion), meeting its initial fundraising target less than six months after first close. It is the firm's largest fund and takes total capital raised to €9 billion.
$2.3B source ↗
Verdane announced the final close of Verdane Idun II at €700 million (USD $758 million), more than double the size of Idun I. The Article 9 SFDR fund was fully allocated within five months, with commitments from Nysnø Climate Investments, Banque de Luxembourg, the European Investment Fund, MN, Tesi and Carbon Equity.
$758M source ↗
Verdane announced a series of new appointments to bolster its decarbonization team, which reached 13 dedicated investment professionals.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 3
primary sources listed
- Verdane Raises €2 Billion for Latest European Growth Fund - Bloombergbloomberg.com · web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Verdane do?
- European specialist growth equity firm investing in tech-enabled and sustainable lower mid-market companies.
- Who are Verdane's investors?
- Verdane's investors include Tesi (Finnish Industry Investment Ltd).