Donnerstag, 9. Mai 2013

VC Creandum Closed 135 M € Fund

To date, the VC has made some savvy investments – including being the first institutional investors in Spotify, mobile payments company iZettle, social gifting service Wrapp  and on-demand TV service Edgeware. Though Creandum focuses on investing in Nordic startups, it recently made its first German investment in last-minute hotel booking company JustBook.

The new fund took a year to raise and will allow the VC to invest in 25-30 early-stage companies. Though the VC did not reveal its investors, it said that – in general – they are large pension funds, insurance companies and family offices. Last year, Arctic Startups reported that government-owned investment company Finnish Industry Investment  contributed €7.5m to the fund.

Of Creandum’s existing investors, all but one invested again in Creandum III and, in total, the number of limited partnerships doubled from the VC’s previous fund – which was raised in 2007. Read more

Creandum's approach:

Our company motto is "backing the companies of tomorrow". Simply put, our job is to help great entrepreneurs building great companies.

Our approach is straightforward - we are your partners. We have an uncomplicated operating style that is direct and results-driven. We have very high ambitions and only invest if this ambition is shared by the individuals we invest in.

Once we invest in a company we take an active role and all of our team contributes with time, expertise, and extensive networks to help the company succeed. Over the years, we have built an international network of VC's, entrepreneurs, executives, technology companies, service providers, and fund investors to ensure we support our companies in every way possible.

Building companies is our favorite occupation.

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