Swedish VC Creandum closes €668 million CVIII fund – its largest to date
Stockholm-based venture capital firm Creandum has closed a €668 million ($750 million) fund, Creandum VIII, to back early-stage technology startups from pre-Seed to Series A. The fund, its largest to date, will support approximately 30 investments over the next two years, with a particular interest in opportunities emerging from the rapid development of AI. It […] The post Swedish VC Creandum…
Swedish venture capital firm Creandum has announced the successful closure of its €668 million ($750 million) fund, Creandum VIII, marking its largest fund to date. The fund's primary focus is on early-stage technology startups, particularly those in the AI sector. Creandum will back around 30 investments over the next two years, building on its previous €500 million Creandum VII fund, which closed in June 2024.
The company's partner Peter Specht commented on the new fund's purpose, stating that with 1 in 6 backed companies turning into $1B+ entities, Creandum remains dedicated to supporting startups globally from the early stages. Creandum VIII joins a series of European venture capital fundraising events in 2026, including QuantumLight's €432 million second fund and Turbine Capital's €54 million vehicle for Nordic DeepTech startups.
In 2023, Creandum's team tripled in size in San Francisco and expanded its presence in the United States. The firm maintains a generalist investment strategy, with a focus on Europe and the United States, recognizing the importance of AI in reshaping technology markets and creating opportunities for new startups.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
