Creandum IV has been closed and € 180 million are going to be available for the European startup scene. This is Creandum’s largest early-stage fund so far. The investors are from the Nordic region, Europe, Middle East and North America. Among the fund’s limited partners are pension funds, life insurance companies, university endowments, family offices, tech corporations and VC fund of funds. Fund is based in Stockholm and Palo Alto.
There is a plan with the new fund to support 30-40 outstanding entrepreneur teams within the next 4-5 years. There are two new additions to the advisory team – Simon Schmincke from the venture capital firm Earlybird and Bjarke Staun-Olsen from Vaniday and previously the very successful fintech company Alipes Capital. The funds strategy is to invest early stage with approximately half the investments in seed and the other half in A and the odd B-round. At this size, the fund can invest up to € 20 million in a company over its life cycle. For an entrepreneur, in practical terms this means that from day one it will have a partner that can be a meaningful supporter for the long term.
Creandum invests across Europe but with a particular focus on the Nordic region. It has been working hands-on with some of the North’s best entrepreneurs since 2003, and have grown up with the region, which has been home to nearly 10% of the world’s billion dollar exits over the past 10 years. The Nordics is certainly not a geographic limitation moving forward. According to data available on TechChrunch, Creandum’s previous fund “Creandum III” was €135 million in size and has invested in more than 30 companies with half being at seed stage.
