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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...................... To view our full article Click here
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