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The Venture Codex

Verdane

Rosenkrantz gate 22, Oslo, 0160, Norway

Overview

Growth equity investment firm for sustainable tech-enabled businesses.

Founded

2003

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

—

Geographic focus

Canada
Denmark
Finland
Germany
...

Sector focus

Finance
Financial Services
Impact Investing
Venture Capital

Investment portfolio

34rounds
NAMEDATESIZE
Yazen
Oct 2026Led
$56 MOther Equity
Oda
Oct 2025Participated
$41 MOther Equity
Carla
Sep 2025Participated
$5 MOther Equity
Ingrid
Mar 2024Led
$23 MOther Equity
Jobylon
Dec 2023Led
$65 MOther Equity
Meltwater
Dec 2023Led
$65 MOther Equity
Urban Sports Club
Dec 2023Led
$111 MOther Equity
Urban Volt
Aug 2023Led
$28 MOther Equity
Blinto
Mar 2023Led
$11 MOther Equity
Ingrid
Mar 2023Participated
$10 MSeed
Fashion Cloud
Dec 2022Led
$26 MOther Equity
NORNORM
Dec 2022Led
$115 MOther Equity
Yazen
Oct 2026Led
$56 MOther Equity
Oda
Oct 2025Participated
$41 MOther Equity
Carla
Sep 2025Participated
$5 MOther Equity
Ingrid
Mar 2024Led
$23 MOther Equity
Jobylon
Dec 2023Led
$65 MOther Equity
Meltwater
Dec 2023Led
$65 MOther Equity
Urban Sports Club
Dec 2023Led
$111 MOther Equity
Urban Volt
Aug 2023Led
$28 MOther Equity
Blinto
Mar 2023Led
$11 MOther Equity
Ingrid
Mar 2023Participated
$10 MSeed
Fashion Cloud
Dec 2022Led
$26 MOther Equity
NORNORM
Dec 2022Led
$115 MOther Equity
34
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...
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Insights

Time horizon

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Deal Distribution

Verdane: 34 funding rounds are recorded in the selected participation categories.All available history.
Verdane: 34 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Series A20
Series B10
Series C+11
Other Equity197
Debt01

Monthly Deal Activity

Verdane: 34 deals are recorded across 138 months.All available history.
Verdane: 34 deals are recorded across 138 months. All available history
MonthDeals
May '151
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '161
Nov '161
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '182
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '212
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '222
Mar '221
Apr '221
May '220
Jun '220
Jul '222
Aug '220
Sep '220
Oct '220
Nov '220
Dec '223
Jan '230
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '233
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Verdane: E-Commerce & Retail is the largest displayed sector by deal count (14 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Verdane: E-Commerce & Retail is the largest displayed sector by deal count (14 deals). All available history
SectorDeals
E-Commerce & Retail14
Enterprise Software9
Networks, Cloud & Communication8
Professional Services8
Consumer & Lifestyle7
Data, Analytics & IT6
Transportation & Logistics4
Education & Workforce3
Clean Energy & Sustainability3
Real Estate & Construction3
Hardware & Robotics3
Marketing & Advertising3
Food & Agriculture3
Social & Community Platforms3
Fintech2
Health & Life Sciences2
Developer Tools2
AR/VR1
Space & Frontier Tech1
Manufacturing1
Media & Entertainment1
AI & Machine Learning1
Gaming & eSports1

Deal Size Distribution

Verdane: 34 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Verdane: 34 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M4
$10M-$25M8
$25M-$50M10
$50M-$100M6
$100M-$250M5
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Verdane: Europe has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Verdane: Europe has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
Europe31
Canada2
United States1
Verdane: 20 co-investors are shown, with blq Invest sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Verdane: 20 co-investors are shown, with blq Invest sharing 2 recorded deals. All available history
Co-investorShared deals
blq Invest2
Kinnevik2
Philian2
Runa Capital2
Schibsted Ventures2
Summa Equity2
Almi Invest1
AMF1
Bonnier Ventures1
Cipio Partners1
Clas Ohlson1
Creades1
Earlybird1
Earlybird Venture Capital1
ECCO Holding1
Energy Impact Partners1
EQT Ventures1
Evli Growth Partners1
Friheden Invest1
Hearthland1

Investment Strategy

Verdane: Led accounts for 68% and participating for 32% of round participation.All available history.
Verdane: Led accounts for 68% and participating for 32% of round participation. All available history
CategoryDeals (count)Share (%)
Led2368%
Participating1132%
Verdane: Single-lead accounts for 91% and co-led for 9% of lead dynamics.All available history.
Verdane: Single-lead accounts for 91% and co-led for 9% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2191%
Co-led29%

Team

Birger Nergaard

Founder & Director

Bjarne Kveim Lie

Managing Partner

Cecilia Nytorp
Christian Jebsen

Partner

Christian Melgaard

Internal Control & Project Mgr

Christina Stoll
Dominik Schwarz
Iikka Moilanen

Investment Professional

Janne Holmia

Partner

Lars B. Thoresen

Senior Advisor, Oslo

Martin Welna

Investment Professional

Max Carlsén

Investment Professional

Maximilian Kempken

Director

Melanie Campbell
Morten Weicher
Peter Finden Bamrud

Head of Analytics