TLDR:
- Creandum, a European early-stage venture capital firm, has closed its seventh fund at €500M.
- The VC will use the funds to back European startups in Seed and Series A investments.
Stockholm-based Creandum recently announced the close of its Creandum VII fund at €500M with backing from global investors. The participation of US investors, with half of the capital raised coming from the US, suggests a growing interest in European tech. Creandum plans to use the funds to support startups in Europe at the Seed and Series A stages. The VC remains optimistic about Europe’s potential, especially with recent funding and valuation increases in sectors like AI and SaaS. Creandum has a successful track record of investing in companies like Spotify, Klarna, and Bolt, and is excited to continue supporting the next generation of tech founders.
