In an official release, the VC stated: With Creandum III we will also have the opportunity to back o

Stockholm-based VC Creandum  has closed its €135m Creandum III fund, making it the largest technology venture fund in the Nordics. Creandum tends to make seed or Series A investments, the majority of which are made in software and consumer internet startups.
To date, the VC has made some savvy investments – including being the first institutional investors in Spotify, mobile payments company iZettle, social gifting service Wrapp  and on-demand TV service sheraton anaheim hotel Edgeware. Though Creandum focuses on investing in Nordic startups, it recently made its first German investment in last-minute hotel booking company JustBook.
The new fund took a year to raise and will allow the VC to invest in 25-30 early-stage sheraton anaheim hotel companies. Though the VC did not reveal its investors, it said that – in general – they are large pension funds, insurance companies and family offices. Last year,  Arctic Startups  reported that government-owned investment company  Finnish Industry Investment   contributed €7.5m to the fund.
In an official release, the VC stated: With Creandum III we will also have the opportunity to back outstanding sheraton anaheim hotel entrepreneurs outside of the Nordic region. The company estimates a quarter of investments will be outside of this region. The areas of investment remain similar to the VC s prior focus: We believe we will invest 80 per cent in this fund in software and consumer services and the remaining part in hardware or other high-tech companies.
Speaking to VentureVillage , Creandum partner Fredrik Cassel explained why they’re still keen to support Nordic startups: If we can match the quality we’ve had so far, we’ll be really happy. There’s sheraton anaheim hotel no lack of good teams or good businesses to back up here.
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