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Creandum

Creandum

Stockholm, Sweden·Founded 2003··creandum.com

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.

AUM
Funds
6
vintages 2007–2024
Portfolio
111
Exits
38

Key facts

HQStockholm, Sweden
Founded2003

Recent exits

craft
SaaS2026 · 6yr hold
Navan
Navan
Software2025 · 4yr hold
Stockeld Dreamery
FoodTech2025 · 5yr hold
Klarna
Klarna
Fintech2025 · 18yr hold

Coverage notes

6 funds tracked, 149 portfolio companies (111 active · 38 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

149 companies
Fintech
26 · 17%
AI/ML
17 · 11%
HealthTech
11 · 7%
SaaS
11 · 7%
E-commerce
8 · 5%
Gaming
8 · 5%
DevTools
7 · 5%
HR Tech
7 · 5%

Funds & portfolio

Every fund Creandum has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
Creandum VIIVC
2024 · 2yr36 active

Unrealized

36 held
AppchargeActive
FintechIsrael· Entry 2024
atlaActive
AI/MLUK· Entry 2024
Augustus
AugustusActive
FintechUS· Entry 2025
AI/MLGermany· Entry 2024
BoardyActive
AI/MLCanada· Entry 2025
Capi MoneyActive
FintechUK· Entry 2025
Causa PrimaActive
FintechGermany· Entry 2026
CerrionActive
AI/MLSwitzerland· Entry 2025
Codesphere
CodesphereActive
DevToolsGermany· Entry 2024
ConductActive
AI/MLUK· Entry 2025
doinstructActive
HR TechGermany· Entry 2024
EmbatActive
FintechSpain· Entry 2024
EquiLibreActive
AI/MLCzech Republic· Entry 2026
Foresight
ForesightActive
ConstructionUK· Entry 2024
GetVocalActive
AI/MLFrance· Entry 2025
H Company
H CompanyActive
AI/MLFrance· Entry 2024
Hosted.aiActive
Cloud InfrastructureUS· Entry 2026
InstructActive
AI/MLUK· Entry 2024
Jack & JillActive
HR TechUK· Entry 2025
JunctionActive
HealthTechUS· Entry 2025
KurrentActive
Data & AnalyticsUK· Entry 2024
LegoraActive
LegalTechSweden· Entry 2024
Lovable
LovableActive
AI/MLSweden· Entry 2024
MaisaActive
AI/MLSpain· Entry 2025
MidasActive
FintechGermany· Entry 2026
nexos.aiActive
AI/MLLithuania· Entry 2025
Olix
OlixActive
Deep TechUK· Entry 2026
PAVE SpaceActive
Aerospace & DefenceSwitzerland· Entry 2026
plancraftActive
ConstructionGermany· Entry 2024
RilletActive
FintechUS· Entry 2024
SereactActive
AI/MLGermany· Entry 2025
Sibill
SibillActive
FintechItaly· Entry 2025
SuperscaleActive
AdTechGermany· Entry 2025
terralayrActive
ClimateTechSwitzerland· Entry 2024
VesenceActive
LegalTechSweden· Entry 2025
VisiblyActive
EdTechUK· Entry 2024
Creandum VIVC
2022 · 4yr€500M25 active

Unrealized

25 held
Better StackActive
DevToolsCzech Republic· Entry 2022
BucketActive
DevToolsDenmark· Entry 2022
Cast AIActive
Cloud InfrastructureUS· Entry 2023
Distribusion
DistribusionActive
MobilityGermany· Entry 2022
EnodeActive
ClimateTechNorway· Entry 2022
Fuse Energy
Fuse EnergyActive
EnergyUK· Entry 2022
GilionActive
FintechSweden· Entry 2022
Kosmik
KosmikActive
SoftwareFrance· Entry 2023
Leapsome
LeapsomeActive
HR TechGermany· Entry 2022
HealthTechUK· Entry 2023
Lunar-XActive
TMTGermany· Entry 2022
ModalActive
Cloud InfrastructureUS· Entry 2022
MontaActive
ClimateTechDenmark· Entry 2022
Neko HealthActive
HealthTechSweden· Entry 2023
PlanhatActive
SaaSSweden· Entry 2022
Prewave
PrewaveActive
SaaSAustria· Entry 2023
ProcurosActive
SaaSGermany· Entry 2022
FoodTechGermany· Entry 2022
ScarletActive
HealthTechUK· Entry 2022
Timberhub
TimberhubActive
E-commerceNetherlands· Entry 2022
TolaActive
FintechUK· Entry 2022
TopiActive
FintechGermany· Entry 2022
TwirlActive
Data & AnalyticsSweden· Entry 2023
Unitary AIActive
AI/MLUK· Entry 2023
Volt
VoltActive
FintechUK· Entry 2022
Creandum VVCHarvesting
2020 · 6yr19 active · 4 realized

Unrealized

19 held
Abacum
AbacumActive
SaaSSpain· Entry 2021
Alokai
AlokaiActive
E-commercePoland· Entry 2021
AmieActive
SoftwareGermany· Entry 2020
GopuffActive
E-commerceUS· Entry 2021
KiveActive
AI/MLSweden· Entry 2020
Laka
LakaActive
InsurTechUK· Entry 2020
LeapActive
EdTechUS· Entry 2021
FintechGermany· Entry 2021
LokaliseActive
SaaSLatvia· Entry 2021
GamingUK· Entry 2020
Meditopia
MeditopiaActive
HealthTechGermany· Entry 2020
OsuActive
FintechUK· Entry 2021
PackfleetActive
LogisticsUK· Entry 2021
PassionfrootActive
SaaSGermany· Entry 2021
Safety WingActive
InsurTechUS· Entry 2021
SEONActive
CybersecurityHungary· Entry 2021
Swan
SwanActive
FintechFrance· Entry 2020
TwaiceActive
Data & AnalyticsGermany· Entry 2021
yulife
yulifeActive
InsurTechUK· Entry 2021

Realized

4 exits
craftExited 2026
SaaSHungary· Entry 2020
Trade Saleto
KlausExited 2024
SaaSEstonia· Entry 2021
Trade Saleto
Navan
NavanExited 2025
SoftwareUS· Entry 2021
IPO
Stockeld DreameryExited 2025
FoodTechSweden· Entry 2020
Trade Saleto
Creandum IVVCHarvesting
2016 · 10yr26 active · 11 realized

Unrealized

26 held
Billie
BillieActive
FintechGermany· Entry 2018
BLAST
BlastActive
GamingDenmark· Entry 2017
Bolt
BoltActive
MobilityEstonia· Entry 2019
cargo.one
cargo.oneActive
LogisticsGermany· Entry 2018
CarOnSale
CarOnSaleActive
E-commerceGermany· Entry 2019
Factorial
FactorialActive
HR TechSpain· Entry 2018
FavroActive
SaaSSweden· Entry 2017
FirstVet
FirstVetActive
HealthTechSweden· Entry 2018
Grafana LabsActive
DevToolsUS· Entry 2019
Kry
KryActive
HealthTechSweden· Entry 2016
Kry / LiviActive
HealthTechSweden· Entry 2016
MavenoidActive
AI/MLSweden· Entry 2018
MixmaxActive
SaaSUS· Entry 2018
pipe
pipeActive
FintechUS· Entry 2019
PleoActive
FintechDenmark· Entry 2016
FintechUK· Entry 2018
RekkiActive
SaaSUK· Entry 2019
GamingSweden· Entry 2016
Shapr3D
Shapr3DActive
SoftwareHungary· Entry 2019
TaxfixActive
FintechGermany· Entry 2017
Tide
TideActive
FintechUK· Entry 2017
ToitActive
DevToolsDenmark· Entry 2019
FintechGermany· Entry 2019
unitQActive
AI/MLUS· Entry 2019
VayActive
MobilityGermany· Entry 2019
VoiActive
MobilitySweden· Entry 2019

Realized

11 exits
8fitExited 2022
HealthTechGermany· Entry 2017
Trade Saleto
BokioExited 2022
FintechSweden· Entry 2017
Trade Saleto
CakeExited 2024
MobilitySweden· Entry 2019
to
CareshipExited 2020
HealthTechGermany· Entry 2016
ClustreeExited 2020
HR TechFrance· Entry 2017
Trade Saleto
ComtravoExited 2022
Business ServicesGermany· Entry 2016
Trade Saleto
CornershopExited 2021
E-commerceChile· Entry 2016
Trade Saleto
elasticExited 2018
SoftwareNetherlands· Entry 2017
IPO
Honest Food CompanyExited 2019
FoodTechGermany· Entry 2019
Trade Saleto
KNLExited 2020
SoftwareUnknown· Entry 2016
Trade Saleto
SyftExited 2019
HR TechUK· Entry 2017
Trade Saleto
Creandum IIIVCHarvesting
2012 · 14yr5 active · 15 realized

Unrealized

5 held
TMTSweden· Entry 2014
Neo4J
Neo4JActive
Data & AnalyticsSweden· Entry 2014
Virta HealthActive
HealthTechUS· Entry 2015
Vivino
VivinoActive
E-commerceDenmark· Entry 2012
Xeneta
XenetaActive
Data & AnalyticsNorway· Entry 2013

Realized

15 exits
13th LabExited 2014
Deep TechSweden· Entry 2012
Trade Saleto
AutobutlerExited 2016
MobilityDenmark· Entry 2013
Trade Saleto
DepopExited 2021
E-commerceUK· Entry 2015
Trade Saleto
FutureplayExited 2021
GamingFinland· Entry 2015
Trade Saleto
HansoftExited 2017
DevToolsSweden· Entry 2014
Trade Saleto
JustBookExited 2013
HospitalityGermany· Entry 2012
Trade Saleto
Kahoot!
Kahoot!Exited 2019
EdTechNorway· Entry 2015
IPO
Nonstop GamesExited 2014
GamingSingapore· Entry 2012
Trade Saleto
OmniataExited 2017
Data & AnalyticsUS· Entry 2014
Trade Saleto
OpbeatExited 2017
DevToolsDenmark· Entry 2015
Trade Saleto
PeakExited 2016
GamingTurkey· Entry 2015
Trade Saleto
PlandayExited 2021
HR TechDenmark· Entry 2014
Trade Saleto
PlayravenExited 2019
GamingFinland· Entry 2014
Trade Saleto
Small Giant GamesExited 2018
GamingFinland· Entry 2014
Trade Saleto
TictailExited 2018
E-commerceSweden· Entry 2015
Trade Saleto
Creandum IIVCRealized
2007 · 19yr0 active · 8 realized

Realized

8 exits
CintExited 2016
Data & AnalyticsSweden· Entry 2007
Secondaryto
itslearningExited 2013
EdTechNorway· Entry 2010
Secondaryto
iZettleExited 2018
FintechSweden· Entry 2011
Trade Saleto
iZettle (Zettle)Exited 2018
FintechSweden· Entry 2011
Trade Saleto
Klarna
KlarnaExited 2025
FintechSweden· Entry 2007
IPO
Linas MatkasseExited 2021
FoodTechSweden· Entry 2011
IPO
SpotifyExited 2018
TMTSweden· Entry 2008
IPO
WrappExited 2019
AdTechSweden· Entry 2011
Trade Saleto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

Portfolio platforms backed by Creandum made 14 researched add-on acquisitions during its ownership. See the roll-up tracker

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Last updated August 2026 · Sourced from public filings · Report an issue