European specialist growth equity investor Verdane has held a final close of Verdane Idun I (Idun), an impact focused fund investing in technology-enabled businesses based out of Europe.
The Fund is classified as “Article 9” under the European Union’s Finance Disclosure Regulation and closed at its hard cap of EUR300 million, over its target fund size of EUR225 million.
The fund has already made three investments: Auntie, a digital provider of workplace wellbeing services; Spond, a digital enabler of grassroot sports and physical health; and a third business which will be announced at a later time.
The Fund counts leading institutions including Nysnø, Norway’s state climate investment fund, AP3, one of Sweden’s main national pension funds, clients advised by Mercer, the asset management firm, and Adams Street Partners, the private markets investment manager, among its investors.
