Creandum, an early-stage venture capital firm, has closed Creandum Fund VIII at £560 million. The fund will invest in founders worldwide at Seed and Series A. Half the capital is for new investments and the other half is held back for follow-on rounds in existing portfolio companies. Investors in the fund include several US and European institutions.
Founded in 2003, Creandum has a portfolio of more than 200 companies, including Lovable, Klarna, Spotify, Bolt, Trade Republic, Modal, Rillet and Fuse Energy. One in six of its early-stage investments is valued at £750 million or more. The firm's AI portfolio covers infrastructure at Olix and Modal, and models and applications at Black Forest Labs and Lovable.
Along with the fund, Creandum is expanding in the US. It has been in San Francisco for 13 years and has now opened a new office at 58 South Park Street. It has tripled its investment team in the city and started building a new platform team to support portfolio companies. The San Francisco office will work alongside Creandum’s teams in Stockholm, London and Berlin.
After nearly 25 years in venture, one belief has only grown stronger: it's the founders you back that matter most. With Fund VIII, we remain focused on one simple thing - finding the boldest and most ambitious early-stage founders in Europe - and increasingly in the US - and being the first to back them. That core focus is what led us to incredible companies like Lovable, Spotify, Modal, Black Forest Labs, and Rillet, to name but a few.
Creandum believed in us early, when we were just a small team coming out of stealth. They have been our first call ever since.
