Stockholm, Sweden-based venture capital firm Creandum closed its fourth fund at €180m.
The fund was oversubscribed from pension funds, life insurance companies, university endowments, family offices, tech corporations and VC fund of funds coming from the Nordic region, Europe, Middle East and North America.
Founded in 2003, Creandum has always invested in tech startups across Europe with a particular focus on the Nordic region. With the new fund, the firm plans to support 30-40 entrepreneur teams during the next 4-5 years.
In order to thrive, Creandum has just added Simon Schmincke and Bjarke Staun-Olsen (read our related post here), who will support the fund’s investments and look for opportunities to pick across Europe.
The fund aims to invest 50/50 in a) seed and b) Series A and B rounds committing up to €20m in a company over its life cycle and to support backed entrepreneurs via its Palo Alto office where three investment advisors will work to help them expand into the North American market.
In addition the the expanded investment advisory team and the US office, Creandum has also added senior data analyst William James (from Spotify) as well as PR & Marketing expert Greg Anderson (from ArcticStartup).