• Verdane completes latest fundraising in less than six months after first closing

• With Freya XII, the hard cap of a Verdane fund has been reached for the ninth consecutive time

• Freya XII will invest through direct stakes and portfolio transactions in innovative growth companies that aim to digitize the European economy

Verdane, a European investment firm specializing in growth capital, today announced the successful final closing of the Verdane Freya XII fund ("Freya XII" or "the Fund") at a hard cap of 2 billion euros.

With the closing of Freya XII, the largest fund in Verdane’s 22-year history, the total capital raised by Verdane since its founding has increased to 9 billion euros.

The volume of Freya XII exceeds that of its predecessor fund by more than 70% and, in addition to promising market prospects, underscores the attractiveness of Verdane’s highly differentiated strategy and past track record.

Around 80% of the capital commitments for Freya XII came from existing investors. The high re-up rate highlights Verdane’s strong positioning and the appeal of the Freya funds.

Freya XII also received new commitments from globally active private and public pension funds, prestigious university endowments, foundations, insurance companies, and family offices. The fundraising was completed in less than six months after the first closing.

Verdane’s international investor base continues to grow. Investors from a total of 18 countries participated in Freya XII. Approximately one quarter of the capital commitments came from US-based investors.

The closing of Freya XII comes during what has been a highly successful year 2025 for Verdane. Transactions so far this year include the sale of Hornetsecurity to Proofpoint, of Danalec to GTT, as well as partial sales of Voyado to Viking Global and Lumene to Creades.

Looking ahead, Verdane expects a high volume of transactions and plans to continue investing in attractive European growth companies – supported by its thematic investment approach and local network spanning seven offices across Europe, including the German offices in Berlin and Munich. The firm will continue its strategy of acting as both a minority and majority investor.

With a team of 180 investment professionals, Verdane is one of the best-resourced investment firms in the European lower mid-market. More than 30 operational experts from Verdane’s internal Elevate team work exclusively with the firm’s portfolio companies to secure and accelerate their growth.

Bjarne Kveim Lie, Founder and Managing Partner of Verdane, said:
"The growing number and quality of technology-oriented European companies in our pipeline gives us more confidence than ever – both regarding the outlook of the European economy and the return opportunities for our investors. The strategy we are pursuing with Freya XII is based on our thematic expertise, our local presence, and our flexible mandates. Our goal is to form partnerships with Europe’s most promising companies."

"We are very grateful for the strong trust placed in us by some of the world’s leading investors, and we are fully committed to meeting their high expectations."

Carl Nauckhoff, Partner and Chief Commercial Officer of Verdane, said:
"We are pleased to see the expansion of our global investor base and the continued trust of our existing partners. With Freya XII, we can invest even more specifically in our talent, systems, and technologies – and thus further increase the value of our investments."

About Verdane in Germany
Verdane is active in the DACH region with two offices in Berlin and Munich and has invested nearly one billion euros in the region over the past nine years. To date, Verdane has invested in a total of 20 companies in the region. Recent investments include Urban Sports Club, Europe’s leading platform for sports and wellness, Fiskaly, a provider of cloud-based fiscalization solutions, and Cropster, the leading software platform for the entire coffee supply chain. Other major investments include Momox, Europe’s largest re-commerce platform, and Smava, the online loan comparison platform.

 

About Verdane

Verdane is a growth investment firm that partners with technology-driven and sustainable companies contributing to the digitalization and decarbonization of the European economy. Verdane’s funds have flexible mandates that allow the firm to invest as a minority or majority investor, using buyout or growth capital, in single companies or entire portfolios.

Verdane has raised a total of 9 billion euros in capital. Since 2003, the firm has invested in more than 200 fast-growing companies. Verdane has over 150 employees, with offices in Berlin, Copenhagen, London, Helsinki, Munich, Oslo, and Stockholm. The firm combines deep sector expertise with long-standing local networks and a strong presence in key European markets.

Verdane holds B Corporation certification, regarded as the most rigorous sustainability standard globally. The firm also supports only those companies that pass the 2040 test, which assesses whether a company can succeed in a future, more sustainable economy.

Verdane is also a shareholder in the Verdane Foundation, which focuses on two areas: climate change and a fairer, more inclusive society.

More information: www.verdane.com
Verdane on LinkedIn