Creandum
Leading European early-stage (seed/Series A) venture capital firm founded in 2003, headquartered in Stockholm with offices in Berlin, San Francisco and London; an early backer of Spotify, Klarna and iZettle with 120+ lifetime portfolio companies across seven fund generations.
Creandum is a Stockholm venture capital firm with 111 active companies and 38 exits.
- ·14 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 37 realized deals: 5 years.
- ·Fund cadence: ~3Y between vintages · last raise 2024.
Sector breakdown
149 companiesGeography breakdown
25 geographiesKey facts
Recent exits
Creandum sold craft to Polymarket in 2026 after 6 years.
Creandum took Navan public in 2025 after 4 years.
Creandum sold Stockeld Dreamery to Bettani Farms in 2025 after 5 years.
Creandum took Klarna public in 2025 after 18 years.
Coverage notes
6 funds tracked, 149 portfolio companies (111 active · 38 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Creandum has raised, with its portfolio companies. Hand-checked from public filings.
Creandum VIIVC202436 assetsVC2024 · 2yr–36–
Unrealized
36 held| Company | Entry |
|---|---|
| Appcharge Fintech · Israel | 2024 |
| atla AI/ML · UK | 2024 |
| Augustus Fintech · US | 2025 |
| Black Forest Labs AI/ML · Germany | 2024 |
| Boardy AI/ML · Canada | 2025 |
| Capi Money Fintech · UK | 2025 |
| Causa Prima Fintech · Germany | 2026 |
| Cerrion AI/ML · Switzerland | 2025 |
| Codesphere DevTools · Germany | 2024 |
| Conduct AI/ML · UK | 2025 |
| doinstruct EdTech · Germany | 2024 |
| Embat Fintech · Spain | 2024 |
| EquiLibre AI/ML · Czech Republic | 2026 |
| Foresight Construction · UK | 2024 |
| GetVocal AI/ML · France | 2025 |
| H Company AI/ML · France | 2024 |
| Hosted.ai Cloud Infrastructure · US | 2026 |
| Instruct AI/ML · UK | 2024 |
| Jack & Jill HR Tech · UK | 2025 |
| Junction HealthTech · US | 2025 |
| Kurrent Data & Analytics · UK | 2024 |
| Legora LegalTech · Sweden | 2024 |
| Lovable DevTools · Sweden | 2024 |
| Maisa AI/ML · Spain | 2025 |
| Midas Fintech · Germany | 2026 |
| nexos.ai AI/ML · Lithuania | 2025 |
| Olix Deep Tech · UK | 2026 |
| PAVE Space Aerospace & Defence · Switzerland | 2026 |
| plancraft Construction · Germany | 2024 |
| Rillet Fintech · US | 2024 |
| Sereact AI/ML · Germany | 2025 |
| Sibill Fintech · Italy | 2025 |
| Superscale AdTech · Germany | 2025 |
| terralayr ClimateTech · Switzerland | 2024 |
| Vesence LegalTech · Sweden | 2025 |
| Visibly EdTech · UK | 2024 |
Creandum VIVC2022€500M25 assetsVC2022 · 4yr€500M25–
Unrealized
25 held| Company | Entry |
|---|---|
| Better Stack DevTools · Czech Republic | 2022 |
| Bucket DevTools · Denmark | 2022 |
| Cast AI Cloud Infrastructure · US | 2023 |
| Distribusion Mobility · Germany | 2022 |
| Enode ClimateTech · Norway | 2022 |
| Fuse Energy ClimateTech · UK | 2022 |
| Gilion Fintech · Sweden | 2022 |
| Kosmik SaaS · France | 2023 |
| Leapsome HR Tech · Germany | 2022 |
| Lindus Health HealthTech · UK | 2023 |
| Lunar-X TMT · Germany | 2022 |
| Modal Cloud Infrastructure · US | 2022 |
| Monta Mobility · Denmark | 2022 |
| Neko Health HealthTech · Sweden | 2023 |
| Planhat SaaS · Sweden | 2022 |
| Prewave SaaS · Austria | 2023 |
| Procuros SaaS · Germany | 2022 |
| Project Eaden FoodTech · Germany | 2022 |
| Scarlet HealthTech · UK | 2022 |
| Timberhub E-commerce · Netherlands | 2022 |
| Tola Fintech · UK | 2022 |
| Topi Fintech · Germany | 2022 |
| Twirl Data & Analytics · Sweden | 2023 |
| Unitary AI AI/ML · UK | 2023 |
| Volt Fintech · UK | 2022 |
Creandum VHarvestingVC202019 assets4 exitsVC2020 · 6yr–194
Unrealized
19 held| Company | Entry |
|---|---|
| Abacum SaaS · Spain | 2021 |
| Alokai E-commerce · Poland | 2021 |
| Amie SaaS · Germany | 2020 |
| Gopuff E-commerce · US | 2021 |
| Kive AI/ML · Sweden | 2020 |
| Laka InsurTech · UK | 2020 |
| Leap EdTech · US | 2021 |
| lemon.markets Fintech · Germany | 2021 |
| Lokalise SaaS · Latvia | 2021 |
| Magmatic Games Gaming · UK | 2020 |
| Meditopia HealthTech · Germany | 2020 |
| Osu Fintech · UK | 2021 |
| Packfleet Logistics · UK | 2021 |
| Passionfroot SaaS · Germany | 2021 |
| Safety Wing InsurTech · US | 2021 |
| SEON Cybersecurity · Hungary | 2021 |
| Swan Fintech · France | 2020 |
| Twaice Data & Analytics · Germany | 2021 |
| yulife InsurTech · UK | 2021 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| craft SaaS · Hungary | 2020 | 2026 | Trade Sale | Polymarket | – |
| Klaus SaaS · Estonia | 2021 | 2024 | Trade Sale | Zendesk | – |
| Navan Biotech · US | 2021 | 2025 | IPO | – | – |
| Stockeld Dreamery FoodTech · Sweden | 2020 | 2025 | Trade Sale | Bettani Farms | – |
Creandum IVHarvestingVC201626 assets11 exitsVC2016 · 10yr–2611
Unrealized
26 held| Company | Entry |
|---|---|
| Billie Fintech · Germany | 2018 |
| Blast Gaming · Denmark | 2017 |
| Bolt Mobility · Estonia | 2019 |
| cargo.one Logistics · Germany | 2018 |
| CarOnSale E-commerce · Germany | 2019 |
| Factorial HR Tech · Spain | 2018 |
| Favro SaaS · Sweden | 2017 |
| FirstVet HealthTech · Sweden | 2018 |
| Grafana Labs DevTools · US | 2019 |
| Kry HealthTech · Sweden | 2016 |
| Kry / Livi HealthTech · Sweden | 2016 |
| Mavenoid AI/ML · Sweden | 2018 |
| Mixmax SaaS · US | 2018 |
| pipe Fintech · US | 2019 |
| Pleo Fintech · Denmark | 2016 |
| Ready (formerly Argent) Fintech · UK | 2018 |
| Rekki SaaS · UK | 2019 |
| Resolution Games Gaming · Sweden | 2016 |
| Shapr3D SaaS · Hungary | 2019 |
| Taxfix Fintech · Germany | 2017 |
| Tide Fintech · UK | 2017 |
| Toit DevTools · Denmark | 2019 |
| Trade Republic Fintech · Germany | 2019 |
| unitQ AI/ML · US | 2019 |
| Vay Mobility · Germany | 2019 |
| Voi Mobility · Sweden | 2019 |
Realized
11 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 8fit HealthTech · Germany | 2017 | 2022 | Trade Sale | Withings | – |
| Bokio Fintech · Sweden | 2017 | 2022 | Trade Sale | Visma | – |
| Cake Mobility · Sweden | 2019 | 2024 | Secondary | Brages Holding AS | – |
| Careship HealthTech · Germany | 2016 | 2020 | – | – | – |
| Clustree HR Tech · France | 2017 | 2020 | Trade Sale | Cornerstone OnDemand | – |
| Comtravo Business Services · Germany | 2016 | 2022 | Trade Sale | TripActions (Navan) | – |
| Cornershop E-commerce · Chile | 2016 | 2021 | Trade Sale | Uber | – |
| elastic Data & Analytics · Netherlands | 2017 | 2018 | IPO | – | – |
| Honest Food Company FoodTech · Germany | 2019 | 2019 | Trade Sale | Delivery Hero | – |
| KNL Software · Unknown | 2016 | 2020 | Trade Sale | Telenor | – |
| Syft HR Tech · UK | 2017 | 2019 | Trade Sale | Indeed | – |
Creandum IIIHarvestingVC20125 assets15 exitsVC2012 · 14yr–515
Unrealized
5 held| Company | Entry |
|---|---|
| Epidemic Sound TMT · Sweden | 2014 |
| Neo4J Data & Analytics · Sweden | 2014 |
| Virta Health HealthTech · US | 2015 |
| Vivino E-commerce · Denmark | 2012 |
| Xeneta Data & Analytics · Norway | 2013 |
Realized
15 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 13th Lab Deep Tech · Sweden | 2012 | 2014 | Trade Sale | Oculus (Facebook) | – |
| Autobutler Mobility · Denmark | 2013 | 2016 | Trade Sale | Groupe PSA | – |
| Depop E-commerce · UK | 2015 | 2021 | Trade Sale | Etsy | – |
| Futureplay Gaming · Finland | 2015 | 2021 | Trade Sale | Plarium | – |
| Hansoft DevTools · Sweden | 2014 | 2017 | Trade Sale | Perforce Software | – |
| JustBook Hospitality · Germany | 2012 | 2013 | Trade Sale | Secret Escapes | – |
| Kahoot! EdTech · Norway | 2015 | 2019 | IPO | – | – |
| Nonstop Games Gaming · Singapore | 2012 | 2014 | Trade Sale | King | – |
| Omniata Data & Analytics · US | 2014 | 2017 | Trade Sale | Activision Blizzard | – |
| Opbeat DevTools · Denmark | 2015 | 2017 | Trade Sale | Elastic | – |
| Peak Gaming · Turkey | 2015 | 2016 | Trade Sale | Hachette Livre | – |
| Planday HR Tech · Denmark | 2014 | 2021 | Trade Sale | Xero | – |
| Playraven Gaming · Finland | 2014 | 2019 | Trade Sale | MAG Interactive | – |
| Small Giant Games Gaming · Finland | 2014 | 2018 | Trade Sale | Zynga | – |
| Tictail E-commerce · Sweden | 2015 | 2018 | Trade Sale | Shopify | – |
Creandum IIRealizedVC20070 assets8 exitsVC2007 · 19yr–08
Realized
8 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Cint Data & Analytics · Sweden | 2007 | 2016 | Secondary | Nordic Capital | – |
| itslearning EdTech · Norway | 2010 | 2013 | Secondary | EQT | – |
| iZettle Fintech · Sweden | 2011 | 2018 | Trade Sale | PayPal | – |
| iZettle (Zettle) Fintech · Sweden | 2011 | 2018 | Trade Sale | PayPal | – |
| Klarna Fintech · Sweden | 2007 | 2025 | IPO | – | – |
| Linas Matkasse FoodTech · Sweden | 2011 | 2021 | IPO | – | – |
| Spotify TMT · Sweden | 2008 | 2018 | IPO | – | – |
| Wrapp AdTech · Sweden | 2011 | 2019 | Trade Sale | Meniga | – |
About Creandum
Creandum is a leading European early-stage venture capital firm with approximately $2 billion (€1.8 billion) of assets under management as of December 2024, headquartered in Stockholm with offices in Berlin, London and San Francisco. The firm was founded in 2003 and has built a 20 plus year track record across approximately 150 portfolio companies. Creandum remains a partner-owned independent VC platform. Creandum Fund VII closed at €500 million in 2024 in 12 weeks, with over half of LP capital from US allocators including 5 of the top 8 US endowments.
Investment thesis
Creandum deploys capital through seven flagship funds (Creandum I through Creandum VII) targeting early-stage venture investments (Seed and Series A) in European technology companies. Sector focus spans software and SaaS, fintech, consumer internet, AI, marketplaces and healthtech, with geographic deployment across European core (Nordics, DACH, UK, France) plus selective US deal flow. The platform's track record includes early backing of Spotify, Klarna and Lovable, supported by the tightest LP base in European VC and deep transatlantic capital alignment.
Recent activity
Recent realised exits include foodtech (Stockeld Dreamery, 2025), fintech (Klarna IPO 2025), software (two exits 2024) and mobility (2024). Recent investments include AI and coding (Lovable, 2025 $200 million Series A), cloud and DevOps (Cast AI, 2025 $108 million), fintech (Trade Republic follow-on, 2024) and AI search (Peec.AI, 2025). The platform continues active deployment of Fund VII across European tech early-stage.
Portfolio platforms backed by Creandum made 14 researched add-on acquisitions during its ownership.
Frequently asked questions
- What investment strategy does Creandum focus on?
- Creandum focuses on VC strategies in the private equity space.
- How many portfolio companies does Creandum have?
- Creandum has 111 active portfolio companies and 38 completed exits and 6 funds tracked on GP Intel.
- Where is Creandum headquartered?
- Creandum is headquartered in Stockholm, Sweden.
- When was Creandum founded?
- Creandum was founded in 2003.
- What sectors does Creandum invest in?
- Creandum invests across TMT, Software, Financials.
- What are Creandum's recent exits?
- Recent realized exits by Creandum include: craft (2026) to Polymarket; Stockeld Dreamery (2025) to Bettani Farms; Klaus (2024) to Zendesk; Cake (2024) to Brages Holding AS; 8fit (2022) to Withings; Bokio (2022) to Visma; Comtravo (2022) to TripActions (Navan); Cornershop (2021) to Uber.
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