{
  "id": 17796500,
  "title": "Lovable and Black Forest Labs backer Creandum closes $750M fund",
  "url": "https://urgent.news/2026/11/02/lovable-and-black-forest-labs-backer-creandum-closes-750m-fund",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T12:30:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/11/02/lovable-and-black-forest-labs-backer-creandum-closes-750m-fund-had/"
  },
  "original_language": "en",
  "account": "European early-stage venture capital firm Creandum has successfully closed its largest ever fund, a $750 million venture capital fund named Fund VIII. This new fund is larger than its previous $560 million Fund VII. Creandum plans to utilize the capital for seed and Series A investments, with half of the funds allocated for new investments and the remaining half for follow-on rounds. The firm has raised capital for Fund VIII from multiple elite US and European institutional investors.\n\nCreandum has had a presence in San Francisco since 2012 and has recently opened an office in the city. The firm's US staff will collaborate with its staff in Stockholm, London, and Berlin, providing founders with a single partner across Europe and the US. Creandum highlighted that capital flows between the US and European tech sectors are largely unidirectional, with approximately half of all European tech funding originating from the US in the past year. Meanwhile, very little US tech funding has come from Europe.\n\nStaffan Helgesson, founder and partner at Creandum, stated that after nearly 25 years in venture capital, one belief has only become more reinforced: it's the founders that matter most. With Fund VIII, Creandum remains focused on finding the boldest and most ambitious early-stage founders in Europe and increasingly in the US. This core focus has led Creandum to invest in groundbreaking companies such as Lovable, Spotify, Modal, Black Forest Labs, and Rillet.",
  "summary": "European early-stage VC firm Creandum, which has backed the likes of Lovable, Klarna and Black Forest Labs, today said it had closed its largest ever fund, a $750m fund. The new $750m fund, Fund VIII,...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "EU-Startups",
        "title": "Swedish VC Creandum closes €668 million CVIII fund – its largest to date",
        "url": "https://urgent.news/2026/11/02/swedish-vc-creandum-closes-668-million-cviii-fund-its-largest-to-date",
        "published": "2026-11-02T10:16:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}