Verdane acquires HappyOrNot

AUGUST 27, 2026

Verdane acquires HappyOrNot

TARGET

Point-of-experience microfeedback and real-time operational intelligence software, delivered via smiley-button terminals and digital touchpoints, for retail, hospitality, healthcare, transport, and public-sector organizations.

Ownership	VC-backed
Investors	Verdane, Northzone, AirTree Ventures
Capital raised	$39.5M
Headcount	82 FTEs
Headquarters	Tampere, Finland
Leadership	Tim Waterton, Chief Executive Officer
Sell-side advisor	FE International

ACQUIRER

Verdane

Specialist growth buyout investment firm backing tech-enabled and sustainable businesses across Europe, investing in digitalisation and decarbonisation themes.

Ownership	—
Headquarters	Oslo, Norway
Buy-side advisor	—

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Verdane -> HappyOrNot  (2026-09-04)
buyout | Horizontal SaaS | announced
Target: Point-of-experience microfeedback and real-time operational intelligence software, delivered via smiley-button terminals and digital touchpoints, for retail, hospitality, healthcare, transport, and public-sector organizations.
Website: happy-or-not.com | Buyer site: verdane.com
HQ: Tampere, Finland | Ownership: vc-backed
Advisors - Sell-side: FE International
Source: Thematic - https://thematichq.com/software/d/verdane-happyornot.html

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