Growth equity, Oslo

Verdane

Venture capital firm · Oslo · Founded 2003

Quick read

Verdane is a specialist growth equity firm founded in 2003, headquartered in Oslo with offices in Berlin, Copenhagen, Helsinki, London, and Stockholm. It backs tech-enabled and sustainable European businesses across two core themes — digitalisation and decarbonisation — deploying €20–150m+ per company. Over €4bn in total fund commitments and a 3.8x average MoC place it among Northern Europe's most active growth investors.

Key facts

Founded
2003
Founders
Bjarne Kveim Lie
Employees
130+
Sectors
generalist, saas, climate
Website
verdane.com

Investment thesis

Verdane invests €20–150m+ in growth-stage, tech-enabled and sustainable European businesses, focusing on digitalisation and decarbonisation. It can act as minority or majority investor, buying into single companies or portfolios of companies, and runs in-house operating experts to support portfolio growth.

Recent activity

  • 2025fundraise
    Verdane closed a €635 million multi-asset continuation vehicle anchored by Arrive, alongside Talentech and Pet Media Group. Coller Capital served as sole lead investor; StepStone Group acted as co-underwriter. The vehicle extends Verdane's investment horizon for these three assets while giving existing investors a liquidity option. no.linkedin.com
  • 2025investment
    Verdane partnered with Telenor to establish a joint ownership structure over Telenor Connexion, a top-ten global managed IoT services provider outside China with 31 million IoT SIM cards in operation across more than 200 countries and territories. linkedin.com
  • 2025investment
    Verdane took Augmentum Fintech private in what was described as a rare UK investment trust buyout — one of the few instances of a private equity firm acquiring a listed investment trust. linkedin.com
  • 2025investment
    Verdane invested in ETERNO, a German cloud-native platform for outpatient healthcare providers that automates workflows across patient access, clinical documentation, billing and analytics. The deal marks Verdane's 21st investment in the DACH region. linkedin.com
  • 2025investment
    Verdane partnered with Qred, a fintech operating under a full banking licence with a deposit-funded balance sheet and an expanding suite of financial products. linkedin.com
  • 2025leadership
    Verdane strengthened its Elevate operational team with three senior Munich-based hires: Michael Anjard-Hummel as CPTO for B2C companies, Sascha Alber as CPTO for B2B businesses, and Marina Falkhofen as Executive Talent Director for the DACH region. Verdane and co-investors have now deployed close to €1 billion across 20 core DACH investments since 2016. verdane.com
  • Oct 2024fundraise
    Verdane closed Verdane Idun II at €700 million — more than double the size of Idun I — making it one of Europe's largest decarbonisation-focused growth funds. The Article 9 SFDR-classified fund requires a minimum carbon avoidance of 5,000 tons of CO₂ per €1 million invested. Nysnø Climate Investments and Banque de Luxembourg are among the LPs. esg-investing.com
  • 2025fundraise
    Verdane closed Freya XII at its €2 billion hard cap — the firm's largest fund to date and its ninth consecutive Verdane Capital-strategy fund. linkedin.com
  • May 2026fundraise
    Verdane returned to market with a new lower mid-market fund, targeting the Freya fund family, as flagged in PEI coverage from late May 2026. linkedin.com
  • May 2026investment
    Verdane made a Seed investment in Eterno on 19 May 2026, its most recent recorded deal as of that date. tracxn.com
  • Mar 2026investment
    Verdane acquired a majority stake in Smartbox Group to expand its AAC (augmentative and alternative communication) technology business. tracxn.com
  • Feb 2026investment
    Verdane and Scott Capital Partners co-invested in Bluewater and Aquavest. tracxn.com

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

  • Bjarne Kveim Lie · Co-Founder and Managing Partner
  • Staffan Mörndal · Partner
    LinkedIn
  • Bjarne Lie · Managing Partner
  • Henrik Aspén · Partner
  • Christian Jebsen · Partner

Sources

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Frequently asked

What is Verdane?+

Verdane is a specialist growth equity firm founded in 2003, headquartered in Oslo with offices in Berlin, Copenhagen, Helsinki, London, and Stockholm. It backs tech-enabled and sustainable European businesses across two core themes — digitalisation and decarbonisation — deploying €20–150m+ per company.

Where is Verdane headquartered?+

Verdane is headquartered in Oslo, Norway.

When was Verdane founded?+

Verdane was founded in 2003 by Bjarne Kveim Lie.

What sectors does Verdane invest in?+

Verdane focuses on generalist, saas, climate. They primarily invest in these sectors.

How do I prepare for a meeting with Verdane?+

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Generated by briefthecall.com from public web sources. Last updated July 8, 2026. Each claim is linked to its source above.

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