Creandum, a Stockholm, Sweden-based technology venture capital fund, closed its third fund, at €135m.
Creandum III, which was raised with support from existing and new investors from the Nordics, rest of Europe and the US, will invest in 25-30 early stage companies within the consumer, software and hardware industries in a mix between seed and A-rounds.
The new fund has already invested in 13th Lab (Sweden), Vivino (Denmark), Xeneta (Norway), JustBook (Denmarl) and Non Stop Games (Finland).
Led by General Partners Martin Hauge, Fredrik Cassel and Staffan Helgesson, the firm has over €250M under management. Investments included Spotify, IPtronics, itslearning, Wrapp, iZettle and Videoplaza.