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
- May 2026investmentVerdane made a Seed investment in Eterno on May 19, 2026, its most recent deal per Tracxn data. tracxn.com
- Mar 2026investmentVerdane acquired a majority stake in Smartbox Group to expand AAC (augmentative and alternative communication) technology. tracxn.com
- Feb 2026investmentVerdane and Scott Capital Partners co-invested in Bluewater and Aquavest. tracxn.com
- RecentfundraiseVerdane closed €2.2 billion across its Freya XI and Edda III funds within a six-month window, with Edda III alone reaching €1.1 billion. CalPERS committed to the Freya XI vehicle. privateequityinternational.com
- RecentinvestmentVerdane welcomed Corlytics, a regulatory intelligence and policy compliance technology company, into its portfolio. linkedin.com
- RecentinvestmentVerdane led a €21 million funding round in Ingrid, a delivery experience platform, with Schibsted Ventures also participating. The capital supports Ingrid's expansion across the Nordics, the UK, and the Netherlands. linkedin.com
- RecentleadershipMorten Weicher joined Verdane as a Partner in the Copenhagen office, coming from GRO Capital, which he helped build from inception in 2014. He previously worked at Ørsted and Goldman Sachs. verdane.com
- RecentleadershipChristopher Parmo was promoted to Partner after joining as COO in 2018 and building the Verdane Elevate operational team. Three directors — Max Carlsen, Karin Kans, and Reed Snyder — were simultaneously promoted to Principal. unquote.com
- 2025fundraiseVerdane 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
- 2025investmentVerdane 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
- 2025investmentVerdane 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
- 2025investmentVerdane 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
Notable investments
- EternoSeedMay 2026tracxn.com
- Smartbox GroupMajority acquisitionMar 2026tracxn.com
- Bluewater and AquavestUndisclosedFeb 2026tracxn.com
- CorlyticsUndisclosedRecentlinkedin.com
- Ingrid€21M growth roundRecentlinkedin.com
- Scanbio Marine GroupAcquisition (with Pioneer Point Partners)Recentverdane.com
- Telenor ConnexionGrowth / Partnership2025linkedin.com
- Augmentum FintechBuyout (public-to-private)2025linkedin.com
- ETERNOGrowth2025linkedin.com
- QredGrowth2025linkedin.com
- ArriveContinuation Vehicle2025no.linkedin.com
- TalentechContinuation Vehicle2025no.linkedin.com
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
- Bjarne Lie · Managing Partner
- Henrik Aspén · Partner
- Christian Jebsen · Partner
Sources
- Investors - Verdane
- Verdane - Crunchbase Company Profile
- Verdane 2026 Investor Profile - Tracxn
- Verdane Portfolio Investments - CB Insights
- Verdane Capital - Portfolio, Partners, Reviews
- Verdane | LinkedIn
- https://www.linkedin.com/posts/ahsan-ahmed-088a2b293_fundraising-privateequity-placementagents-activity-7468527041848619009-LBkN?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAGl7upwBtlK7iHzGZdW70GdZxKhv3KOS59Y
- https://tracxn.com/d/venture-capital/verdane/__vymO7y-nYtFA5EgxSk6JCTIHZ4uNmSw1Jw2AZY-AJpc
- https://www.privateequityinternational.com/institution-profiles/verdane.html
- https://verdane.com/verdane-realises-investment-in-bildeler-no/
- https://no.linkedin.com/company/verdane
- https://www.linkedin.com/in/max-römbo-1b679a139
- https://www.linkedin.com/in/christina-stoll-789400a4
- https://www.linkedin.com/in/jack-dolk
- https://verdane.com/verdane-strengthens-elevate-team-with-three-senior-appointments/
- https://esg-investing.com/2024/10/30/verdane-raises-e700-million-for-decarbonization-focused-growth-fund/
- https://www.linkedin.com/in/morndal
- https://verdane.com/verdane-expands-software-investment-team-with-new-copenhagen-based-partner-morten-weicher/
- https://www.unquote.com/nordics/news/3026842/verdane-makes-a-series-of-promotions-and-hires
Other VCs in Norway
- Idekapital · Early-stage VC, Oslo·
- Skyfall Ventures · Seed VC, Oslo·
- Alliance Venture · Multi-stage VC, Oslo
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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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