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The European venture capital firm Creandum launched a EUR500m fund to support early-stage startups in Europe. The company announced that the Creandum VII fund will close on 3 June 2024.
Creandum has a portfolio that includes some of the most successful technology companies, including Spotify, iZettle. Depop, Klarna. Bolt. KRY. Epidemic Sound.
Creandum’s biggest USP is that one-sixth of its early stage investments has turned into companies worth billions of dollars or more. Creandum, founded in 2003, has offices in Stockholm, Berlin London and San Francisco.
According to Financial Times analyses, Creandum’s EUR500 million fund, raised in “record-time”, is a possible signal of improvement for Europe’s technology start ups after a 2-year investment drought. Dealmaking has picked up among early-stage businesses and venture capitalists are raising new funds.
Sabina Wizander a Creandum partner in Stockholm commented on the fund: “From the data that we see and our work each day, we are truly excited about 2024.” The fundraising environment has become more predictable, so quality companies are more willing to raise money.
Creandum Plans To Capitalize On Emerging Trends
According to Creandum the fund will be agnostic in terms of sector, which means it will invest across a range of industries including fintech and healthtech as well as consumer internet and enterprise software.
“Our funds consistently deliver industry-leading returns.” Wizander added that while we compete locally to attract the best entrepreneurs in Europe, we also compete globally to attract the best investors. “We were oversubscribed, and continue to be supported by some of the best LPs in the world who value our consistency and track records of identifying and assisting Europe’s top entrepreneurial talent.”
The company’s diversification allows it to maximize the potential for high returns by capitalizing on emerging trends and business opportunities across various sectors.
The newly launched EUR500m fund is designed to target companies in the early stages, with a focus on investments in Seed and series A rounds.
Creandum’s business strategy is to identify and support startups with innovative technology and scalable business model. The firm will use its extensive network and expertise in the industry to help these startups navigate the challenges of growth and achieve long-term successes.