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Announced

Completed

Verdane led a €108m Series C round in Swappie.

Financials

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Transaction Value£90m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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E-commerce

online marketplace

Finland

Acquisition

Cross Border

Minority

Private

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Verdane, a specialist growth equity investment firm, led a €108m ($122m) Series C round in Swappie, a company in the Nordics in the sale of refurbished iPhones, with participation from Lifeline Ventures, Inventure, Reaktor Ventures and TESI. "We’ve now raised funding pretty much annually. We’ve opened 12 new countries since March 2020. We knew that with more money we could invest in our vision, and the faster we could grow and achieve it," Sami Marttinen, Swappie CEO.

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