Specialist growth equity investors
We have helped ambitious Northern European tech-enabled businesses reach their next stage of international growth since 2003. Our funds have close to EUR 1.8 billion in committed capital.
Our goal is to be the preferred growth partner to tech-enabled businesses in Northern Europe.
We look for structurally sound, tech-enabled businesses that operate in SDG-aligned markets.
We concentrate our investments to category leaders active in five sectors of the economy that are supported by structural growth trends:
- Advanced industrials
- Consumer internet
- Enterprise software
- Energy & resource efficiency
120+ investments since 2003
We are specialist growth equity investors, deploying capabilities acquired over more than 15 years to build category-defining growth businesses.
More than half of our partners are former entrepreneurs and a significant number of our investment professionals are former operators. We represent a diverse set of backgrounds, experiences and perspectives.
Our more than 50 employees, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, are dedicated to being the best growth partner in Northern Europe.
As members of the Board we engage with management to unlock growth using our rigorous data-driven VIBE approach (Verdane: Immerse, Benchmark, Elevate) to establish best practice and benchmarks from more than 50 current holdings, while providing access to dedicated and hands-on operational experts.
EUR 10-150 million tickets and above
We invest in growth or buy-out stage companies, either as a single company or as part of a broader portfolio. Our latest fund, Verdane Capital X, closed at EUR 580 million in January 2019.
When needed, we mobilise special purpose vehicles for investments that far exceed EUR 150 million, backed by our long-standing investors. Through our uniquely flexible investment model, we can acquire majority or minority positions, buy existing shares or provide primary funding.
Our roots go back to Four Seasons Venture (“Four Seasons”), founded in Oslo by Birger Nergaard in 1985 and joined by Gunnar Rydning in 1986. The firm raised three funds between 1986 and 2000, pursuing an early stage direct investment strategy in the ICT sector.
Bjarne Kveim Lie joined Four Seasons in 2001. Recognising the need to scale and to move the focus towards more mature growth assets, he and Thomas Falck drove the acquisition of a portfolio of 96 growth companies from the Norwegian government in 2003. A new fund, initially called Four Seasons Venture IV (later Verdane Capital IV), was raised to finance the transaction. The team spun out of Four Seasons Venture into a separately managed advisory firm, that became the starting point for what is today known as Verdane.
Managing Partner, Bjarne Kveim Lie