Arctic Startups and the Creandum newsroom report that the Stockholm-based VC firm has closed their Creandum III fund at €135 million.
Creandum has been making recent investments into companies including JustBook, Non Stop Games, 13th Lab, Vivino, and Xeneta. Now that the technology fund has been officially closed, they say Creandum III will be used to invest in 25-30 companies in a mix of Seed and A-rounds. And at €135 million, the fund clocks in as the largest technology venture fund in the Nordics.
“We believe this is a great time to back the best European entrepreneurs. Europe and the Nordic region in particular have produced a large number of exceptionally successful companies the last 10 years. We look forward to backing the next wave.” says Staffan Helgesson, Creandum General Partner.
The fund was raised with strong support from existing and new investors from the Nordics, the rest of Europe and the US. The number of Limited Partners doubled compared to the €80M Creandum fund raised in 2007, demonstrating investors positive results from the VC firm. Creandum has over €250 million under management in companies like Spotify, Wrapp, Appear TV, iZettle, and Videoplaza.
“We are proud and grateful for this firm support from existing and new investors. This larger fund allows us to increase our activity level further and can hopefully support building the entrepreneurial ecosystem even stronger.” says Fredrik Cassel, Creandum General Partner.
While Creandum is Stockholm based, their activities should be of interest to companies in the Oresund region, as shown with Copenhagen-based Vivino amongst others from around here already catching Creandum’s attention.
