Creathor Venture III holds final closing

The fund is 30% larger than its predecessor, Creathor Ventures II. It held its first close at €51m in September 2011 and has since not actively fundraised, the VC said in a statement.

Creathor added that existing investors raised their commitments following strong performances from current portfolio companies as well as Creathor's previous fund. New investors were also not actively approached during the second phase of fundraising, the VC said.

Investors
The fund's management is the largest investor in the fund, having contributed €18m. The remaining €62m was invested by family offices, funds-of-funds, entrepreneurs, and the European Investment Fund (EIF).

The European Union notably invested through funds from the Competitiveness and Innovation Framework Programme (CIP), the EIF's ERP EIF fund-of-funds and the EIF's LfA-Gesellschaft für Vermögensverwaltung.

Investments
The VC will continue focusing on high-tech companies in technology markets such as mobile, social media, cloud computing, cleantech and life sciences. It will invest in European companies, particularly in Germany, France, Austria, Switzerland and elsewhere in northern Europe.

Creathor usually acts as lead investor in its portfolio companies, taking 30% stakes on average.

People
Gert Köhler is CEO of Creathor. The VC's management team also includes Ingo Franz, Cédric Köhler and Karlheinz Schmelig.

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