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.
Key facts
Recent exits
Coverage notes
6 funds tracked, 149 portfolio companies (111 active · 38 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
149 companiesFunds & portfolio
Every fund Creandum has raised, with its portfolio companies. Hand-checked from public filings.
Creandum VIIVC2024 · 2yr36 active
Unrealized
36 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Fintech | Israel | 2024 | |
| AI/ML | 2024 | ||
| Fintech | 2025 | ||
| AI/ML | 2024 | ||
| AI/ML | Canada | 2025 | |
| Fintech | 2025 | ||
| Fintech | 2026 | ||
| AI/ML | 2025 | ||
| DevTools | 2024 | ||
| AI/ML | 2025 | ||
| HR Tech | 2024 | ||
| Fintech | 2024 | ||
| AI/ML | Czech Republic | 2026 | |
| Construction | 2024 | ||
| AI/ML | 2025 | ||
| AI/ML | 2024 | ||
| Cloud Infrastructure | 2026 | ||
| AI/ML | 2024 | ||
| HR Tech | 2025 | ||
| HealthTech | 2025 | ||
| Data & Analytics | 2024 | ||
| LegalTech | 2024 | ||
| AI/ML | 2024 | ||
| AI/ML | 2025 | ||
| Fintech | 2026 | ||
| AI/ML | Lithuania | 2025 | |
| Deep Tech | 2026 | ||
| Aerospace & Defence | 2026 | ||
| Construction | 2024 | ||
| Fintech | 2024 | ||
| AI/ML | 2025 | ||
| Fintech | 2025 | ||
| AdTech | 2025 | ||
| ClimateTech | 2024 | ||
| LegalTech | 2025 | ||
| EdTech | 2024 |
Creandum VIVC2022 · 4yr€500M25 active
Unrealized
25 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| DevTools | Czech Republic | 2022 | |
| DevTools | 2022 | ||
| Cloud Infrastructure | 2023 | ||
| Mobility | 2022 | ||
| ClimateTech | 2022 | ||
| Energy | 2022 | ||
| Fintech | 2022 | ||
| Software | 2023 | ||
| HR Tech | 2022 | ||
| HealthTech | 2023 | ||
| TMT | 2022 | ||
| Cloud Infrastructure | 2022 | ||
| ClimateTech | 2022 | ||
| HealthTech | 2023 | ||
| SaaS | 2022 | ||
| SaaS | 2023 | ||
| SaaS | 2022 | ||
| FoodTech | 2022 | ||
| HealthTech | 2022 | ||
| E-commerce | 2022 | ||
| Fintech | 2022 | ||
| Fintech | 2022 | ||
| Data & Analytics | 2023 | ||
| AI/ML | 2023 | ||
| Fintech | 2022 |
Creandum VVCHarvesting2020 · 6yr19 active · 4 realized
Unrealized
19 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SaaS | 2021 | ||
| E-commerce | Poland | 2021 | |
| Software | 2020 | ||
| E-commerce | 2021 | ||
| AI/ML | 2020 | ||
| InsurTech | 2020 | ||
| EdTech | 2021 | ||
| Fintech | 2021 | ||
| SaaS | Latvia | 2021 | |
| Gaming | 2020 | ||
| HealthTech | 2020 | ||
| Fintech | 2021 | ||
| Logistics | 2021 | ||
| SaaS | 2021 | ||
| InsurTech | 2021 | ||
| Cybersecurity | Hungary | 2021 | |
| Fintech | 2020 | ||
| Data & Analytics | 2021 | ||
| InsurTech | 2021 |
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | Hungary | 2020 | 2026 | Trade Sale | – | ||
| SaaS | Estonia | 2021 | 2024 | Trade Sale | – | ||
| Software | 2021 | 2025 | IPO | – | – | ||
| FoodTech | 2020 | 2025 | Trade Sale | – |
Creandum IVVCHarvesting2016 · 10yr26 active · 11 realized
Unrealized
26 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Fintech | 2018 | ||
| Gaming | 2017 | ||
| Mobility | Estonia | 2019 | |
| Logistics | 2018 | ||
| E-commerce | 2019 | ||
| HR Tech | 2018 | ||
| SaaS | 2017 | ||
| HealthTech | 2018 | ||
| DevTools | 2019 | ||
| HealthTech | 2016 | ||
| HealthTech | 2016 | ||
| AI/ML | 2018 | ||
| SaaS | 2018 | ||
| Fintech | 2019 | ||
| Fintech | 2016 | ||
| Fintech | 2018 | ||
| SaaS | 2019 | ||
| Gaming | 2016 | ||
| Software | Hungary | 2019 | |
| Fintech | 2017 | ||
| Fintech | 2017 | ||
| DevTools | 2019 | ||
| Fintech | 2019 | ||
| AI/ML | 2019 | ||
| Mobility | 2019 | ||
| Mobility | 2019 |
Realized
11 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| HealthTech | 2017 | 2022 | Trade Sale | – | |||
| Fintech | 2017 | 2022 | Trade Sale | – | |||
| Mobility | 2019 | 2024 | – | – | |||
| HealthTech | 2016 | 2020 | – | – | – | ||
| HR Tech | 2017 | 2020 | Trade Sale | – | |||
| Business Services | 2016 | 2022 | Trade Sale | – | |||
| E-commerce | Chile | 2016 | 2021 | Trade Sale | – | ||
| Software | 2017 | 2018 | IPO | – | – | ||
| FoodTech | 2019 | 2019 | Trade Sale | – | |||
| Software | Unknown | 2016 | 2020 | Trade Sale | – | ||
| HR Tech | 2017 | 2019 | Trade Sale | – |
Creandum IIIVCHarvesting2012 · 14yr5 active · 15 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | 2014 | ||
| Data & Analytics | 2014 | ||
| HealthTech | 2015 | ||
| E-commerce | 2012 | ||
| Data & Analytics | 2013 |
Realized
15 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Deep Tech | 2012 | 2014 | Trade Sale | – | |||
| Mobility | 2013 | 2016 | Trade Sale | – | |||
| E-commerce | 2015 | 2021 | Trade Sale | – | |||
| Gaming | 2015 | 2021 | Trade Sale | – | |||
| DevTools | 2014 | 2017 | Trade Sale | – | |||
| Hospitality | 2012 | 2013 | Trade Sale | – | |||
| EdTech | 2015 | 2019 | IPO | – | – | ||
| Gaming | Singapore | 2012 | 2014 | Trade Sale | – | ||
| Data & Analytics | 2014 | 2017 | Trade Sale | – | |||
| DevTools | 2015 | 2017 | Trade Sale | – | |||
| Gaming | Turkey | 2015 | 2016 | Trade Sale | – | ||
| HR Tech | 2014 | 2021 | Trade Sale | – | |||
| Gaming | 2014 | 2019 | Trade Sale | – | |||
| Gaming | 2014 | 2018 | Trade Sale | – | |||
| E-commerce | 2015 | 2018 | Trade Sale | – |
Creandum IIVCRealized2007 · 19yr0 active · 8 realized
Realized
8 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Data & Analytics | 2007 | 2016 | Secondary | – | |||
| EdTech | 2010 | 2013 | Secondary | – | |||
| Fintech | 2011 | 2018 | Trade Sale | – | |||
| Fintech | 2011 | 2018 | Trade Sale | – | |||
| Fintech | 2007 | 2025 | IPO | – | – | ||
| FoodTech | 2011 | 2021 | IPO | – | – | ||
| TMT | 2008 | 2018 | IPO | – | – | ||
| AdTech | 2011 | 2019 | Trade Sale | – |
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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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