Sun, Jul 21, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Crypto: U.S. market regulator issues guidance on custody of digital asset securities, Bitcoin's stunning growth makes it investable, admits legendary hedge fund manager, Institutional investments rise with bitcoin volatility. Wait, what?, Can blockchain build a better bank? Experts weigh in - The Ledger, Cryptocurrency startups get partial green light from Washington, Facebook's Libra cryptocurrency faces more backlash, China's central bank developing own digital currency in response to Libra[more]

    U.S. market regulator issues guidance on custody of digital asset securities From Reuters: The U.S. Securities and Exchange Commission (SEC) on Monday issued a notice on broker-dealer custody of digital asset securities, amid industry requests for clarity on whether they can hold such a

  2. PE/VC: Burger King in China and Turkey attracts private equity buyers, China's VC market is said to enter a downturn, VC industry makes slow progress on diversity[more]

    Burger King in China and Turkey attracts private equity buyers From Finance Asia: The world's largest franchisee of the fast-food chain outside the US is on the block. One wealthy Turkish family holds the key to a successful sale. Burger King is back up for sale in China and Turkey

  3. Hedge funds post best first half in decade, Viking Global funds surge, Blue Harbour's double windfall[more]

    Hedge funds post best first half in decade From Bloomberg: Hedge funds reported the best first half since 2009 as equity managers capitalized on the surge in stocks. Funds rose 5.7% from January through June, according to Hedge Fund Research Inc.'s asset-weighted index of managers. Equi

  4. Private real estate fundraising nosedives in 2Q 2019, hitting a five-year low[more]

    Laxman Pai, Opalesque Asia: Private real estate fundraising decreased significantly in Q2 2019 from the previous quarter, hitting a five-year low, Preqin said in its quarterly update on real estate. Forty-seven funds reached a final close, raising just $29bn, which marks a sharp decrease fro

  5. Regulatory: SEC reforms open door to BDC market shakeup, Regulatory rollback: First set of Volcker Rule reforms finalized[more]

    SEC reforms open door to BDC market shakeup From Reuters: The US Securities and Exchange Commission's (SEC) fund of funds proposals potentially open the door to a shakeup in the Business Development Company (BDC) market. Under the existing guidelines, regulated funds are prohibited from