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Sunday, May 22, 2022

Creandum Closes €135 Million Technology Venture Fund

Stockholm-based VC firm Creandum has closed their Creandum III fund at €135 million. It’s been a about six years since closing their previous fund, all while Creandum has been making recent investments into companies like JustBook, Non Stop Games, 13th Lab, Vivino, and just recently, Xeneta. Now that the technology fund has been officially closed, they say Creandum III will be used to invest in 25-30 companies in a mix of Seed and A-rounds.

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Creandum’s previous fund, raised in 2007, clocked in at €80 million with roughly half as many Limited Partners, showing that investors have seen positive results from the VC firm. Creandum seems to have a good eye, they have over €250 million under management in companies like Spotify, Wrapp, Appear TV, iZettle, and Videoplaza.

What’s notable is that €135 million clocks in as the largest technology venture fund in the Nordics, which means we can hopefully expect more investments into the region. Creandum is Nordics focused, but has some investments the rest of Europe.

“We believe this is a great time to back the best European entrepreneurs. Europe and the Nordic region in particular have produced a large number of exceptionally successful companies the last 10 years. We look forward to backing the next wave.” says Staffan Helgesson, Creandum General Partner.

And as a side note, a good excuse to meet Creandum would be at our Term Sheet Battle events in Helsinki, Oslo, and Stockholm!

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