Verve Group Completes Capital Raise to Support Growth and Stability

Verve Group SE has successfully completed a capital raise, generating SEK 360 million (approximately EUR 33 million) by issuing 12.9 million new ordinary shares. This move broadens the company's institutional shareholder base and strengthens its financial position. The shares were placed primarily with investors in Sweden, Norway, the UK, and the USA, and the offering was significantly oversubscribed.

The funds raised will support Verve's continued growth, especially in sales, AI technology, and emerging advertising channels such as retail media. Verve's CEO, Remco Westermann, highlighted the importance of expanding their investor base with strong institutional stakeholders to aid the company's medium to long-term success.

Despite global market uncertainties, Verve chose a directed share issue for greater efficiency and flexibility. The company's recent financial activities include a €500 million bond placement and maintaining substantial credit lines, positioning it well for future growth.