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Creandum
Creandum is a nordic private equity and venture capital firm that was founded in 2003. The firm is located in Stockholm, Sweden with additional offices in Palo Alto, California and Berlin, Germany. Creandum mainly focuses on early stage technology startups. It has backed several companies of which Spotify and Izettle are the most well-known ones. Up to date Creandum has launched four different funds with a total amount of funds raised of $536.5 million raised.

History
Creandum was founded by Staffan Helgesson in 2003 in Stockholm, Sweden. The company then opened up another location in Palo Alto, California and Berlin, Germany to be able to focus more on these regions. Overall they backed around 75 companies in various verticals. Creandum started with the first fund in 2003 and closed the second one in 2007. Afterwards, they set up the third fund and finally the fourth one in 2016.

Investments
Creandum invests both in B2C and in B2B companies with a focus on seed stage and Series A. Nevertheless, they finance startups in follow on rounds in a Series B as well. Geographically the focus of the firm is Northern Europe but with investments in regions that are outside this region as well. Creandum usually co-invests with a ticket size between €200,000 and €10 million. The firm invests in technology startups in various verticals including telecommunication, internet, semiconductors, consumer, digital media, software, and hardware.

Creandum I
The first fund was started in 2003 with a focus on seed and Series A startups from Finland, Sweden, Denmark, and Norway. In total the fund invested in ten companies.

Creandum II
In 2007 Creandum closed its second fund "Creandum II" with a total of $107 million raised. Among the major European investors, they could also attract the European Investment Fund, Sixth Swedish National Pension Fund and Skandia Liv.

Creandum III
The third fund has a size of €135 million and has invested in more than 30 companies with half of them in the seed stage. The limited partners are both from the U.S. as well as Europe.

Creandum IV
The latest fund launched by Creandum in 2016 has a size of €180 million targeting early-stage startups in the seed or Series A round. In addition, the fund will do follow on investments and focuses on Internet and software startups that are located in Europe. With a size of €180 million it is possible to invest up to €20 million over the whole life cycle of a venture.