Stockholm’s Creandum has announced its sixth early-stage investment fund, now at half a billion dollars. While the firm expects to continue its focus on fintech and consumer apps, the industry-agnostic approach allows for new areas such as the creator economy, energy, web3, metaverse, and climate tech all to receive their fair share of the spotlight.
With every 8th company in the portfolio a card-carrying member of the unicorn club, one would have to think that the folks at Creandum know something the rest of us don’t.
“The early stage is where we have always been most comfortable. We commit to founders before the world catches on, before everyone knows, before it’s obvious,” commented Creandum’s general partner Simon Schmincke.
Over the past 19 years, the firm has made over 120 investments, with a track record that reads like a dream: Spotify, iZettle, Klarna, Depop, Pleo, Trade Republic, Cornershop, neo4j, Kahoot!, and Bolt, with each fund over the past fifteen years garnering valuations between 6x and 14x.
Returning to the firm after filling various management roles at Swedish unicorn Kry, Creadum partner Sabina Wizander comments, “In our experience, founders who focus on building the best products still prevail. Those who dare to think in generational opportunities and solutions will succeed by virtue of their burning passion for product excellence.”
Creandum’s sixth fund was significantly oversubscribed and saw a number of global universities, endowments, and foundations all placing their trust, and money, in the firm. Creandum also reports that every single LP from every single fund since its beginnings in 2003 all returned to the table.