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Creandum raises $302m venture fund focusing on early-stage opportunities across Europe

Monday, June 24, 2019

Laxman Pai, Opalesque Asia:

European early-stage venture capital investor Creandum announced the successful first and final close of Creandum V, a EUR265m ($302m) early-stage venture fund focused on high-potential opportunities across Europe.

"Following strong demand from existing and new investors, Creandum V was heavily oversubscribed and enjoyed re-commitments from all institutional investors from Creandum IV, while also attracting several new investors primarily from the US," claimed the European financial firm.

The reason for not raising an even larger fund is to remain focused on Seed and Series A investments.

2018 was a record year for the Creandum Funds with several of Europe's most successful tech exits ever.

The Creandum Funds were shareholders in companies representing more than EUR35bn in exit value in 2018 alone including being the first VC investor in Europe's biggest tech exit Spotify, which went public on the NYSE in April 2018 at a $29.5bn market cap.

Other notable exits where Creandum was a shareholder include iZettle (acquired by PayPal for $2.2bn), Small Giant Games (acquired by Zynga for $700m), and Elastic (listed at Nasdaq with a market cap of $4.9bn).

Creandum's second fund, which was the first venture capital investor in Spotify and iZettle, is according to industry experts Europe's best performing institutional venture capital fund ever.

Creandum V has selected Creandum V Advisor as its exclusive advi......................

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