Norwegian-rooted Nordic growth-equity firm; majority shareholder of Lisbon-based Cleanwatts from 2022 to February 2026 (€25M Series A through Verdane Idun impact fund).
Verdane led a €25 million Series A in Cleanwatts in 2022 through its dedicated impact fund Idun, drawing on its experience scaling SaaS and climate-tech companies. Verdane remained the majority shareholder of the Portuguese energy-community platform until February 2026, when it exited to a DWS-managed infrastructure fund at a valuation supported by Cleanwatts’ ~70 operating energy communities and ~30 MWp of installed PV capacity in Portugal.
Verdane’s Cleanwatts position was one of the largest Nordic single growth-equity tickets ever placed into the Portuguese clean-tech ecosystem, and the February 2026 exit demonstrated a viable path for further Nordic capital deployment into Portuguese climate technology. The pattern — Nordic growth-equity ticket, Iberian scaling, large-cap exit — is one that NorthSouth HQ expects to see replicated across the corridor over the next several years.
Fractio helps Nordic companies enter the Portuguese market — from market sizing to first sales, hiring, and legal setup.
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