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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