Portugal’s energy management firm Cleanwatts bags €25M from Oslo-based growth equity investor Verdane

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Verdane, an Oslo-based specialist growth equity investor, announced that it has invested €25M in Portuguese energy management software company Cleanwatts through its impact fund Idun. Cleanwatts witnessed a revenue increase of 65 per cent year-on-year in 2021 and expects more than 200 per cent revenue growth in 2022. Cleanwatts intends to allocate the funds to accelerate and expand its commercial presence in target markets and further develop its software, Cleanwatts OS, to anticipate evolving needs in local energy markets.

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