Stockholm-based early-stage VC firm Creandum which was launched in 2013 has reportedly raised its early-stage fund, scoring €448 million to ensure its commitment of a new generation of European founders building the tech success stories of tomorrow. However, it’s worth noting that the firm’s previous funds were viewed as most successful of all time, notably with unicorn investments like Bolt, Trade Republic, Kahoot, and more.
Responding to the firm’s current focus, General Partner’ ‘Simon Schmincke’ narrated how the early-stage European founders with global ambitions focus on this stage: “The early stage is where we have always been most comfortable. We commit to founders before the world catches on before everyone knows it’s obvious. This new fund will continue to back similarly talented product-led founders, identifying the next-gen of European unicorns. In nearly 20 years, we have learned an inimitable amount about what early teams and founders look like that develop products and services the world needs next”.
To ensure it continues to double down on its objective aimed at industry-agnostic and product-obsessed approach, the early-stage VC firm expects to step up on areas such as consumer apps, fintech while adding significantly in growth areas like the creator economy, web3, metaverse, energy, and climate tech, a source familiar has confirmed. looking at the company’s portfolio is nothing but a unicorn, Klarna, iZettle, Trade Republic, incl. Pleo and more.
In view of this, ‘Sabina Wizander’, one of the partners who rejoined VC firm Creandum last year, reportedly after leading commercials as CCO of Swedish Unicorn, Kry: “In our experience, founders who focus on building the best products still prevail. Those who dare to think in generational opportunities and solutions will succeed by virtue of their burning passion for product excellence”.
Moreover, as part of doubling down on the company’s growth, the subject startup recently opened a London office in addition to Berlin, San Francisco, and Stockholm by allowing the team to invest in and support startups across the continent of Europe and beyond. Hence, an early investor in the most funded startups in the regions like Hungary and Spain, which on occasion have backed European founders in the United States.
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