Creandum closes fifth venture capital fund on €265m

Alessia Argentieri
25 June 2019

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Swedish venture capital firm Creandum has held a first and final close on тЌ265m for its fifth fund, Creandum V, which will target early-stage investments across Europe.

The vehicle is almost 50% larger than its predecessor, Creandum IV, which held a final close on its €180m hard-cap in January 2016.

According to a statement, the firm could have raised a larger vehicle but opted not to do so in order to remain focused on seed and series-A investments.

Investors
Creandum V was oversubscribed with strong demand from existing and new investors. In addition to recommitments from all institutional investors from Creandum IV, the fund also attracted several new investors, primarily from the US. The vehicle's LP base includes pension funds, life insurance companies, university endowments, family offices, tech corporations and VC funds-of-funds.

Investments
Creandum V intends to follow a similar strategy to its predecessor, focusing on seed and series-A opportunities across Europe. The fund will invest between €100,000-1m in seed rounds, €1-4m in early-stage rounds and €5-10m in later-stage investments. It will target companies operating in technology sectors primarily based across the Nordic and Baltic regions.

People
Creandum – Staffan Helgesson (general partner).