Creandum today announced the successful closing of Creandum V, a €265 million early-stage venture fund focusing on high-potential early-stage opportunities across Europe. Following strong demand from existing and new investors, Creandum V was heavily oversubscribed and enjoyed re-commitments from all institutional investors from Creandum IV, while also attracting several new investors primarily from the US.
2018 was a record year for the Creandum Funds with several of Europe’s most successful tech exits ever. The Creandum Funds were shareholders in companies representing more than €35 billion in exit value in 2018 alone including being the first VC investor in Europe’s biggest tech exit Spotify, that went public on the NYSE in April 2018 at a $29.5 billion market cap. Other notable exits include iZettle (acquired by PayPal for $2.2 billion), Small Giant Games (acquired by Zynga for $700 million), and Elastic (listed at Nasdaq with a market cap of $4.9 billion). Creandum II, where Creandum was the first venture capital investor in Spotify and iZettle, is according to industry experts Europe’s best performing institutional venture capital fund ever.
Creandum V has selected Creandum V Advisor as its exclusive advisor to the Fund. Creandum is based in Guernsey (an Island in the English Channel off the coast of Normandy), and advised by advisory entities in Stockholm, Berlin and San Francisco. Creandum V will follow the same strategy as previous Creandum Funds, focusing on Seed and Series A opportunities across Europe.