TLDR:
- Creandum, a European early-stage venture capital firm, has closed a €500 million fund to back early-stage startups across Europe
- Some of the successful tech companies in Creandum’s portfolio include Spotify, iZettle, Depop, Klarna, and more
European venture capital firm Creandum has recently announced the launch of a €500 million fund, Creandum VII, aimed at supporting early-stage startups in Europe. The fund, which closed on June 3, 2024, has already attracted attention due to Creandum’s successful track record with investments such as Spotify, iZettle, and Klarna.
The fund’s rapid raising in a short amount of time is seen as a positive sign for Europe’s technology start-ups, indicating an improvement in the investment environment. With offices in Stockholm, Berlin, London, and San Francisco, Creandum plans to capitalize on emerging trends and opportunities in a wide range of industries including fintech, healthtech, consumer internet, and enterprise software.
Sabina Wizander, a partner at Creandum, expressed excitement for the upcoming year, highlighting the potential for more quality companies to raise funds in a predictable environment. The company’s sector-agnostic approach allows it to target early-stage companies with innovative technologies and scalable business models, aiming to provide support and guidance for long-term success.
Overall, Creandum’s newly launched fund aims to invest primarily in Seed and Series A rounds, leveraging its extensive network and industry expertise to help European startups navigate early growth challenges and achieve high returns.
