Investment Summary

Verdane Invests In inovia

On September 11, 2018, growth capital firm Verdane invested in information technology company inovia

Investment Highlights
  • This is Verdane’s 6th transaction in the Information Technology sector.
  • This is Verdane’s 32nd transaction in Sweden.

Investment Summary

Date 2018-09-11
Target inovia
Sector Information Technology
Investor(s) Verdane
Deal Type Growth Capital

Target

inovia

Kista, Sweden
Inovia is a niche Artificial Intelligence (AI) consulting and solutions provider in Sweden. The company has developed a strong set of AI tools and frameworks, for example one of the leading AI based virtual assistants in the world (AIVA) and the leading Voice to Text application for Swedish. Inovia was founded in and is based in Kista, Sweden.

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Investor(S) 1

Investor

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 56 of 85
Sector: Information Technology M&A 6 of 8
Type: Growth Capital M&A Deals 9 of 21
Country: Sweden M&A 32 of 37
Year: 2018 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-03 ZISSON

Oslo, Norway

ZISSON is a technology company built by switchboard pioneers connecting telecom operators’ networks and user interfaces for multi-channel customer dialogue. Our solutions are adapted to companies with an ambition to facilitate an efficient customer journey that caters to all types of customers. When we say all, we really mean all. Younger customers prefer to use social media for their dialogue with vendors and suppliers, while others prefer chat solutions, email, SMS or phone. ZISSON is based in Oslo, Norway.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Scanacon

Spånga, Sweden

Scanacon is a provider of acid management systems used in the production of special metals. Scanacon provides solutions to achieve safe, efficient, high quality treatment of metal product at the lowest cost, while enabling recycling of acid waste and minimising usage of scarce resources. Scanacon AB was founded in 1982 and is based in Spånga, Sweden.

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