Finnish Industry Investment commits €7.5m to Creandum III

Creandum's third effort raised €92.5m from Nordic and international institutional investors for its first close, and is aiming for a €150m final close.

The fund invests in early- and later-stage technology companies in the Nordic region. It focuses on internet and mobile technologies investments in the consumer sector, as well as on software and hardware investments.

Creandum raised €120m for its two previous funds. The firm has invested in 23 technology companies including Spotify, AppearTV, Cint and It's Learning.

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