The Swedish Venture Capital Association (SVCA) announced during its annual conference in Stockholm on 21 March, three winners of the SVCA Awards. Industri Kapital won the award for "promoting the community" for its project in Uganda fighting African sleeping sickness. Creandum won the award for "best fundraising", because it managed to raise its fund Creandum II of SEK 750m in just 100 days. InnovationsKapital won the award for "best exit" because of its exit of Carmen Systems to Boeing Company. During the seven years InnovationsKapital held Carmen systems, the company grew from a small company to a company with over 300 employees, and realised 9 times the purchase price.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018