Verdane’s Idun fund makes two new investments in sustainable companies
Verdane, the European specialist growth equity investor, through its impact fund Idun, has invested in Qbtech, a maker of objective ADHD tests and TOPRO, a market leading company that produces mobility aids. Verdane’s investment will support these companies, leveraging its expertise in software and healthcare, to execute expansion and market growth.
Verdane’s impact fund Idun makes investments focused on driving impact in three clusters: energy transition; sustainable consumption; and resilient communities. Qbtech and TOPRO are driving impact through providing valuable contributions to resilient communities or through improving quality of life.
Qbtech is the market leader in objective measurement of ADHD symptoms, transforming ADHD care for individuals and society at large. Working with specialists in health and education in the US and Europe, Qbtech reduces the delay to diagnose and enables treatment optimisation for children and adults with ADHD.
TOPRO is a European leader in the development and production of mobility aids, such as rollators and stair-lifts, which offers solutions to increase the independence of the elderly and people with reduced mobility to enable them to live an active life. For the wider public, TOPRO’s products enable vulnerable individuals to retain their independency and stay in their home for longer, which ultimately increases their quality of life while also reducing costs to society.
Christian Jebsen, Partner at Verdane commented: ‘’We believe that these two companies – Qbtech and TOPRO – have the ability to make a significant, positive impact on society. We are impressed with the dedication and expertise of their teams and look forward to deploying the resources available across the Verdane platform to help drive growth across their markets.’’
Carl Reuterskiöld, Qbtech CEO commented: “We are delighted that Verdane believes in our track record and mission to transform ADHD care. Together, we look forward to deploying digital solutions drawing of industry-leading research to improve the lives and care of individuals living with ADHD across the globe.”
Asbjørn Eskild, CEO at TOPRO, said: “We are at an exciting stage of our growth journey, and we welcome Verdane as new owners together with our current owner Serendipity Partners who have supported us to reach this level. As a brand, we want to continue being seen as the market leader and we believe the support from Verdane will enable us to accelerate our growth to next level.”
Verdane Idun is classified as “Article 9” under the European Union’s Finance Disclosure Regulation and closed in January 2022 at its hard cap of € 300 million, over its target fund size of € 225 million. Previous investments include Auntie, a digital provider of workplace wellbeing services; in Spond, a digital enabler of grassroot sports and physical health; and EVA Global, a managed services provider supporting the global shift to electric vehicles. To date, Verdane has invested in over 30 sustainable society businesses.