Verdane announced the closing of Verdane Edda, with $360M of commitments from investors.
Verdane Capital, a Nordic-focused private equity and venture capital firm specializing in direct and secondary direct investments, announced the closing of a new investment fund, Verdane Edda, with SEK 3bn ($360M) of commitments from investors.
Verdane Edda aims to invest in fast-growing companies within software, consumer internet and more traditional sectors where digitalisation can be a key driver of success. The fund will target individual investments reaching up to SEK 500 million.
Verdane Edda was oversubscribed and closed at its hard cap, with 60% of investors coming from outside the Nordic region. The fund received commitments from leading global university endowments, foundations, insurance companies, family offices, government agencies, as well as private and public pension funds. Over 50% of the capital was from non-profit investors.
Verdane, founded in 1993 as Four Seasons Venture, has offices in Copenhagen, Helsinki, London, Oslo and Stockholm and is led by by Bjarne Lie, Managing Partner, and Jakob Tolleryd, Johnny Rindahl, and Henrik Aspén, Partners