VC Firm Creandum Closes €500M Fund for European Startups

VC Firm Creandum Closes €500M Fund for European Startups

Elena Rossi
2 min read

Creandum Closes €500 Million Fund to Support European Startups

Creandum, a leading venture capital firm in Europe, has successfully completed the fundraising for its seventh fund, amassing a total of €500 million. The fund, aimed at bolstering seed and early-stage startups across the continent, garnered substantial interest from global investors, particularly from the United States. This overwhelming support led to the fund being oversubscribed within an impressive 12-week period.

The backing for this fund comes from a consortium of 30 global investors, with a majority of the capital originating from the United States. Over the next two to three years, Creandum intends to deploy the €500 million through 35-40 strategic investments, with a strong focus on the seed and Series A stages in diverse sectors. Notably, Creandum boasts a remarkable track record, having been an early investor in tech giants such as Spotify, Klarna, and Depop. The firm has also participated in substantial funding rounds for other emerging startups.

The success of Creandum's latest fund not only highlights the profound interest displayed by prominent global investors in European tech but also emphasizes the region's escalating significance in the global startup landscape. This growth is evident through Europe's position as the home to nearly a third of all global seed funding and over 500 unicorns.

Key Takeaways

  • Creandum secures €500 million for its seventh fund, dedicated to nurturing seed and early-stage European startups.
  • The fund witnessed an oversubscription within 12 weeks, with over 50% of its capital raised from US investors.
  • Creandum has outlined plans to make 35-40 investments in various sectors over the next 2-3 years.
  • The firm has a remarkable history of early investments in industry giants like Spotify, Klarna, and Depop.
  • Approximately one in six early-stage investments by Creandum transforms into unicorns.


The triumphant closure of Creandum's €500 million fund underscores the robust interest of global investors in European startups, particularly emanating from the United States. This substantial influx of capital has the potential to expedite the growth of European technology, fostering the emergence of more unicorns while fortifying the startup ecosystem within the region. Furthermore, these investments have the capacity to result in noteworthy technological advancements and economic growth, influencing various sectors ranging from fintech to e-commerce. However, there exists the prospect of wealth inequality and market concentration risks due to the concentration of funding in a select few successful startups.

Did You Know?

  • Creandum: A prominent venture capital firm headquartered in Europe, recognized for its early investments in tech behemoths like Spotify, Klarna, and Depop. The firm specializes in providing seed and early-stage funding for startups across diverse sectors.
  • Unicorns: Refers to privately held startup companies valued at over $1 billion. The term was popularized by venture capitalist Aileen Lee to depict the rarity of such successful ventures.
  • Series A Funding: The initial round of financing offered to a startup following seed funding. It primarily serves to fuel the expansion and scaling of the business. This stage holds utmost significance for startups to showcase their growth potential and secure additional investment.

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