Verdane Capital injects $10m into inRiver

The investment comes just two weeks after the firm invested in Swedish textile business Bemz, and is the second acquisition made by Verdane this year. The GP has also financed a portfolio company's acquisition, and made four exits since January.

inRiver will use the capital injection from Verdane for product development, marketing support, recruitment and ongoing expansion in the global market.

The GP's investment was made through Verdane Capital VIII, a 2013-vintage SEK 2bn vehicle and is the fund's third buyout, having otherwise acquired secondary portfolios.

Company
Headquartered in Stockholm, inRiver is a provider of product information management tools, which allow commerce professionals to visually manage product information across various sales channels and in multiple languages.

Founded in 2007, the company employs more than 350 people in its Swedish, European and US offices.

People
Pål Malmros is a partner at Verdane Capital Advisors. Niclas Mollin is the CEO of inRiver.

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• Topics
• Nordics
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• Expansion
• Verdane Capital Partners
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