Verdane invests in Finnish grocery company Fiksuruoka

The investment makes Verdane a significant minority shareholder in the company.

The GP deployed equity from Verdane Capital X, which held a final close in January 2019 on SEK 6bn. The new funding will go towards bolstering the company's position in Finland, and its international expansion in Europe.

Other e-commerce grocery retailers backed by the GP include Swedish company Mathem, and Norwegian grocery retailer Oda, which was previously known as Kolonial. 

Company
Founded in 2016 and headquartered in Espoo, Fiksuruoka is an online retailer of surplus groceries at heavily discounted prices. The company works with a supplier network of 300 businesses across Finland. In 2020, it generated €12m in revenues. 

People
Verdane – Staffan Mörndal (partner).
Fiksuruoka – Juhani Järvensivu (CEO).

Advisers
Equity – Deloitte (financial due diligence); Krogerus (legal).

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• Topics
• Expansion
• Nordics
• Consumer
• Verdane Capital Partners
• Finland
• e-commerce