Creandum has closed a €500 million fund to invest in seed and early-stage startups across Europe. The new fund, Creandum VII, has received contributions from 30 global LPs, with over half of the capital originating from investors based in the US.
- Founded in 2003 by Staffan Helgesson, Creandum is a venture capital firm that specializes in investing in European startups. The firm's investment focus spans several key sectors, including fintech, consumer, climate, health, and SaaS.
- With offices in Stockholm, Berlin, London, and San Francisco, Creandum boasts approximately $2 billion in AUM and has invested in close to 150 companies, including Bolt, Klarna, Trade Republic, Spotify, iZettle, Cornershop, depop, Kahoot, Taxfix, Kry, and Factorial. As Staffan Helgesson told in the interview to Vestbee, 1 out of 6 investments that the fund has made has become a unicorn.
- Creandum VII was raised in 12 weeks and is supported by 30 global limited partners. Among the US investors, notable participants include five of the eight largest US university endowments, pension funds, and charitable foundations, suggesting a growing interest in exposure to European technology.
- Over the next two years, Creandum plans to fund 35 to 40 startups at the seed and Series A stages, focusing on European tech, especially in the early stages.
“We could have raised even more but believe strongly that a disciplined focus and consistent approach is key to maintaining the market-leading returns we have been able to deliver to our investors. Which for us means a generalist approach to partnering with the best entrepreneurs building the next global, category-defining companies at the earliest of stages,” Creandum commented.
