Stockholm-based venture capital firm Creandum has announced the closing of its seventh fund at €500 million. This European early-stage VC firm has garnered substantial backing from global investors, including university endowments, pension funds, and charitable foundations.
Half of the capital for Creandum VII was raised from US investors, signaling strong interest in European tech from across the Atlantic. This funding will be directed towards Seed and Series A investments in European startups.
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Optimism for European Tech Growth
Creandum remains optimistic about the future of Europe’s tech sector, noting recent increases in funding and valuations driven by advancements in AI and SaaS. The firm is particularly enthusiastic about supporting startups like H Company in Paris, which is at the forefront of developing Artificial General Intelligence.
“Europe has all the ingredients to produce the category-defining companies of the future, and we can’t wait to support a new generation of founders on their paths to get there,” says Creandum.
About Creandum
Founded in 2003, the Venture Capital firm has a strong track record of backing Europe’s most ambitious tech companies from seed to exit. The firm has invested in over 120 companies across vibrant startup ecosystems in Stockholm, London, Berlin, and San Francisco. Notable successes include Spotify, iZettle, Depop, Klarna, Bolt, KRY, Epidemic Sound, and Small Giant Games.
Each of the VC’s funds over the past 15 years has achieved valuations between 6x and 13x, demonstrating the firm’s consistent performance and impact on the tech landscape.
