Finnish Industry Investment Ltd has made a €7.5m commitment to Creandum Advisor’s new venture capital fund.
Creandum III, which already raised €92,5m from Nordic and international institutional investors at its first closing, aims at €150m in its final closing. The fund invests in early and later-stage technology companies in the Nordic countries.
The focus is on consumer ventures with internet and mobile technologies, as well as on software and hardware investments.
Founded in 2003, Creandum has raised €120m in its two earlier funds backing 23 technology companies, including Spotify, AppearTV, Cint and It’s Learning.