# Verdane: portfolio, investments and team > Verdane is a private equity based in Norway. 36 investments on record, 10 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/verdane (Millionrounds; every figure on the page links to its filing or article) Norway · [Investor](https://millionrounds.com/investors) # Verdane Last cheque observed Oct 2026; 36 cheques on record. Deploying now New fund $7.0M, Oct 2026 Private equity Pre-seed Seed Series A Collaboration Tools Clean Tech B2C Deploying now **100%** of best year **10** **cheques in 12 months**, 36 on record Since the last cheque **13** days **00** hrs **00** min **00** sec Median round **$19M** Rounds led **3 of 36** Sole investor **11 rounds** Mostly in **Sweden, 26%** Pitch Verdane ## Verdane highlights - 01 10 cheques in the last 12 months - 02 Mostly Venture and Growth: 80% of its rounds - 03 Sole investor in 11 rounds, median $11M ## What they do > Filed 1 private fund offering with the SEC, the most recent in 2022-06 From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B Growth - **Sectors:** Collaboration Tools Clean Tech B2C - **Based in:** Oslo, Norway - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **36 appearances** - **2026** 10 rounds - **Oct** **[Yazen Health](https://millionrounds.com/company/yazen-health)** Growth · SE · ArcticStartup **$56M** *Led* - **Sept** **[Xpansiv](https://millionrounds.com/company/xpansiv)** Growth · US **$125M** With 2 others - **Aug** **[Factbird](https://millionrounds.com/company/factbird)** Growth · DK · Expedition Growth Capital **$16M** *Led* - **Jul** **[AxonIQ](https://millionrounds.com/company/axoniq)** Venture · NL **Undisclosed** With 2 others - **Jul** **[Dawn Health](https://millionrounds.com/company/dawn-health)** Venture · US **Undisclosed** With 2 others - **Jul** **[Oda](https://millionrounds.com/company/oda)** Secondary · NO **$150M** With 3 others - **Jul** **[YouScan](https://millionrounds.com/company/youscan)** Venture · CY **Undisclosed** With 1 other - **Mar** **[MEDADOM](https://millionrounds.com/company/medadom)** Venture · FR **Undisclosed** With 1 other - **Mar** **[Eversports](https://millionrounds.com/company/eversports)** Venture · AT **Undisclosed** With 3 others - **Jan** **[Clue](https://millionrounds.com/company/clue)** Venture · DE **Undisclosed** With 2 others - **2025** 4 rounds - **Oct** **[NORNORM](https://millionrounds.com/company/nornorm)** Venture · DK **$59M** With 1 other - **Jul** **[Guardsquare](https://millionrounds.com/company/guardsquare)** Venture · BE **Undisclosed** With 1 other - **May** **[Urban Volt](https://millionrounds.com/company/urbanvolt)** Debt · IE **$45M** With 1 other - **May** **[Centra](https://millionrounds.com/company/centra)** Venture · SE **$5.2M** Sole investor - **2024** 2 rounds - **Aug** **[Swappie](https://millionrounds.com/company/swappie)** Venture · FI **Undisclosed** With 3 others - **Mar** **[Ingrid](https://millionrounds.com/company/ingrid)** Series A · SE **$23M** Sole investor - **2023** 4 rounds - **Dec** **[Urban Sports Club](https://millionrounds.com/company/urban-sports-club)** Venture · DE **$104M** With 3 others - **Nov** **[Bower](https://millionrounds.com/company/bower)** Grant · SE **$1.9M** With 1 other - **Apr** **[Verified](https://millionrounds.com/company/verified)** Growth · US **$34M** Sole investor - **Mar** **[Blinto](https://millionrounds.com/company/blinto)** Venture · SE **$11M** Sole investor - **2022** 7 rounds - **Dec** **[Fashion Cloud](https://millionrounds.com/company/fashion-cloud)** Series B · DE **$27M** Sole investor - **Dec** **[CareerFoundry](https://millionrounds.com/company/careerfoundry)** Venture · DE **$5.3M** With 1 other - **Jul** **[Onomondo](https://millionrounds.com/company/onomondo)** Series A · DK **$21M** With 2 others - **Jul** **[Instabox](https://millionrounds.com/company/instabox)** SE **$9.5M** With 1 other - **Jun** **[Cleanwatts](https://millionrounds.com/company/cleanwatts)** Series A · PT **$16M** With 1 other - **Feb** **[StudyTube](https://millionrounds.com/company/studytube)** Series B · NL **$30M** With 1 other - **Jan** **[Zcooly](https://millionrounds.com/company/zcooly)** Venture · SE **$2.2M** With 1 other - **2021** 3 rounds - **Dec** **[Auntie](https://millionrounds.com/company/auntie)** Venture · FI **$11M** Sole investor - **Jul** **[Wunderflats](https://millionrounds.com/company/wunderflats)** Series C · DE **$21M** With 1 other - **May** **[Foodello - Fiksuruoka.fi](https://millionrounds.com/company/foodello-fiksuruoka-fi)** Venture **$23M** With 1 other - **2019** 2 rounds - **Dec** **[Porterbuddy](https://millionrounds.com/company/porterbuddy)** Venture **$13M** Sole investor - **Sept** **[HappyOrNot](https://millionrounds.com/company/happyornot)** FI · FinSMEs **$25M** *Led* - **2018** 3 rounds - **Nov** **[Consector](https://millionrounds.com/company/consector)** Venture **$331K** Sole investor - **Sept** **[Hem](https://millionrounds.com/company/hem)** SE · FinSMEs **$5.0M** Sole investor - **Sept** **[Inovia Group](https://millionrounds.com/company/inovia-group)** Venture **$17M** Sole investor - **2016** 1 round - **Sept** **[Funera](https://millionrounds.com/company/funera)** Venture **$1.8M** Sole investor An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **19 named** AH **Arborist Holdco AB** Manager i Filing they signed BH **Bertil Hans Hult** Director i Form ADV BK **Bjarne Kveim Lie** Director i Form ADV DA **Daniel Ahlstrand** Member of the Board of Directors i Filing they signed HS **Hans Staffan Morndal** Director i Form ADV HJ **Henrik Johan, Urban Aspen** MEMBER OF THE ISSUER'S BOARD OF DIRECTORS i Filing they signed JR **Jakob Roland Tolleryd** Director i Filing they signed JH **Johan Henrik Urban Aspen** Director i Filing they signed JR **Johnny Roland Rindahl** Director i Filing they signed LB **Lars Bjorn Thoresen** Director i Form ADV MF **M Frida K Einarson Ohlsson** Director i Filing they signed NP **Nils Pal Erik Malmros** Director i Filing they signed NP **Nordlander Per Rosenmuller** Director i Filing they signed OJ **Oscar Jonas Erik Ryden** Member of the Board of Directors i Filing they signed PM **Pal Malmros** MEMBER OF THE ISSUER'S BOARD OF DIRECTORS i Filing they signed PO **Per Oskar Pal Erik Rosenmuller Nordlander** MEMBER OF THE ISSUERS' BOARD OF DIRECTORS i Filing they signed PN **Per Nordlander Rosenmuller** Director i Filing they signed SM **Staffan Morndal** MEMBER OF THE ISSUER'S BOARD OF DIRECTORS i Filing they signed UM **Ulrika Malmberg Livijn** Director i Form ADV We also hold **51** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$4.1B** gross assets of its funds, 2 advisers combined Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Verdane Capital Advisors AS - **SEC number:** CRD 308347 Who backs their funds ## 6 LPs on record in Verdane's funds - **Committed:** $171M - **Funds:** 3 - **Vintages:** 2024 to 2025 The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report and fund news, latest Mar 2026. - [**California Public Employees' Retirement System (CalPERS)** 2 funds *$171M*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed Verdane Idun II (D1) AB 2025 $58M Verdane Edda III (D1) AB 2024 $113M - [**MN** 1 fund](https://millionrounds.com/fund/mn) Fund Vintage Committed Verdane Idun II - - - [**Nysnø** 1 fund](https://millionrounds.com/fund/nysn-climate-investments) Fund Vintage Committed Verdane Idun II - - - [**Carbon Equity** 1 fund](https://millionrounds.com/fund/carbon-equity) Fund Vintage Committed Verdane Idun II - - - [**Tesi** 1 fund](https://millionrounds.com/fund/tesi) Fund Vintage Committed Verdane Idun II - - - [**European Investment Fund** 1 fund](https://millionrounds.com/fund/european-investment-fund-eif) Fund Vintage Committed Verdane Idun II - - New fund on file **$7.0M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$19M** the round, not its cheque Alone, median **$11M** Led 3 of 36 rounds **8%** - **Sole investor:** 11 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Venture *20* - Growth said *4* - Series A said *3* - Series B said *2* - Secondary *1* - Pre-seed said *-* - Seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) 3 - [Almi Invest](https://millionrounds.com/fund/almi-invest) 2 - [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) 2 - [Google for Startups](https://millionrounds.com/fund/google-for-startups) 2 - [IBB Ventures](https://millionrounds.com/fund/ibb-ventures) 2 **Pitching Verdane?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Verdane. A count of rooms they were both in, not a relationship either has claimed. [**The Danish Growth Fund** VC firm **3** rounds together](https://millionrounds.com/fund/v-kstfonden)[**Almi Invest** VC firm **2** rounds together](https://millionrounds.com/fund/almi-invest)[**Export and Investment Fund** VC firm **2** rounds together](https://millionrounds.com/fund/export-and-investment-fund)[**Google for Startups** Accelerator **2** rounds together](https://millionrounds.com/fund/google-for-startups)[**IBB Ventures** Government **2** rounds together](https://millionrounds.com/fund/ibb-ventures) ## Recently backed The latest companies Verdane put money into. [**Xpansiv** $125M · Sept 2026](https://millionrounds.com/company/xpansiv)[**AxonIQ** Jul 2026](https://millionrounds.com/company/axoniq)[**Dawn Health** Jul 2026](https://millionrounds.com/company/dawn-health)[**Oda** $150M · Jul 2026](https://millionrounds.com/company/oda)[**MEDADOM** Mar 2026](https://millionrounds.com/company/medadom)[**Eversports** Mar 2026](https://millionrounds.com/company/eversports) ## Quick answers about Verdane ### What does Verdane invest in? Verdane invests most often at Venture and Growth (80% of the rounds on record), in sectors such as Collaboration Tools, Clean Tech and B2C. ### How active is Verdane? 36 investments on record, 10 of them in the last 12 months, and it led 3. The most recent was in Oct 2026. ### What has Verdane invested in recently? Its most recent investments on record: Yazen Health (Growth, Oct 2026), Xpansiv (Growth, Sept 2026) and Factbird (Growth, Aug 2026). ### How big are Verdane's cheques? The median round it joins is $19M. ### Does Verdane lead rounds? Sometimes: it led 3 of its 36 investments on record (8%). ### Where does Verdane invest? Most of the companies it backs are in Sweden (26%), Germany (16%) and the United States (10%). ### Is Verdane investing now? Yes: it is actively investing, with 10 investments in the last 12 months. ### Who does Verdane invest alongside? Most often The Danish Growth Fund (3 rounds together), Almi Invest (2 rounds together) and Export and Investment Fund (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=verdane) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=verdane)