Verdane announced closing Edda II fund at hard cap with €540 million

Verdane Capital, an Oslo, Norway-based investment company, announced a final close on Verdane Edda II at its €540 million hard cap.

Edda II brings the total committed capital across Verdane’s nine Funds to over EUR3 billion.

The company says that over 90 per cent of the fund's committed capital coming from a diversified group of existing investors across Europe, North America and the Middle East. The Fund significantly expands Verdane’s investment capacity.

Edda II is a growth stage-focused fund investing in technology-enabled businesses, supported by at least one of three macroeconomically resilient megatrends: The Digital Consumer, Software Everywhere and Sustainable Society.

Verdane was founded in Oslo by Birger Nergaard in 1985 and joined by Gunnar Rydning in 1986 and has become one of the Nordic growth equity investor that helps fast-growing digital consumer, software, and energy & resource efficiency businesses based out of Northern Europe scale their operations.

Verdane’s two Fund strategies are called Verdane Capital and Verdane Edda.

Verdane Capital Funds make minority equity investments, and have the ability to acquire more than one company at a time from an owner of several companies in what is called a “portfolio deal”.