Firms

Creandum

New York, New York · San Francisco, California · London · Berlin, Germany · Munich, Germany · Sweden · Stockholm, Sweden

creandum.com

signal.nfx.com

goldi.ai

Creandum is a leading European early-stage venture capital firm founded in 2003 and headquartered in Stockholm, with offices in Berlin, London, and San Francisco. The firm primarily invests at the pre-seed, seed, and Series A stages in technology-driven companies across sectors including AI, fintech, consumer, climate tech, and SaaS. Notable investments include Spotify, Klarna, and Lovable.

Founded: 2003
Type: Venture capital

Funds7

Creandum VII2024-06-032024-06-03€500M
EUR500M closed, seed/SeriesA Europeanentry. ExactdatecorroboratedVestbee/TNW2024-06-03; newerVIIIclose notverified.
Creandum VI2022-03-012022-03-01$500M
USD500M raised, earlieststageEurope/US; originalcurrency distinctfromVII euros.
Creandum Fund V2019-06-242019-06-24€265M
Fund issuer confirms first and final close at EUR 265 million.
Creandum Fund III20122012—
Official retrospective says Fund III raised in 2012; amount undisclosed in this source.
Creandum Fund I20032003€40M
Official retrospective confirms first fund with EUR 40 million from AP6 and Skandia.
Creandum Fund II——
Official retrospective identifies Fund II and its Spotify investment; no verified size in this source.
Creandum Fund IV——
Firm identifies Fund IV as investor in Factorial; amount and closing date not established here.

Team

Investments

team@apexlogos.ai8 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities. Fund size and stages | Vehicle | Amount / status | Dated supporting evidence | Interpretation | | --- | --- | --- | --- | | Creandum VII | **€500 million closed**, announced 2024-06-03 | [Creandum official LinkedIn announcement](https://www.linkedin.com/posts/creandum_were-excited-to-announce-the-close-of-creandum-activity-7203274633893003264-W9e_) (indexed post displays relative age; exact date corroborated by [Vestbee, 2024-06-03](https://www.vestbee.com/insights/articles/creandum-closes-a-500-m-fund) and [The Next Web, 2024-06-03](https://thenextweb.com/news/creandum-500-million-fund-european-tech-investment)) | Official announcement explicitly calls it a close and focuses on seed and Series A in Europe. Individual fund, not AUM. Latest-known verified vehicle after searches for 2025/2026 and Fund VIII; no verified newer close found. | | Creandum VI | **US$500 million raised**, announced 2022-03-01 | [Official Creandum publication by Simon Schmincke, 2022-03-01](https://medium.com/creandum-family/creandum-vi-half-a-billion-for-early-founders-before-its-obvious-9806a930c22); [Sifted, 2022-03-01](https://sifted.eu/articles/creandum-vc-500m-fund) | Distinct from VII; retain original US dollar denomination. Supports earliest-stage Europe/US strategy at that vintage. | Vestbee reported approximately **US$2 billion AUM** in June 2024. This is a dated secondary estimate and must remain separate from the €500 million VII close; current official AUM was not established. Exact committed capital still available, dry powder and an authoritative current firm-wide check range were not verified. Current official [portfolio positioning](https://creandum.com/commitments/) (undated, accessed 2026-10-06) describes backing early-stage entrepreneurs and supporting companies from seed through IPO and beyond. Fund VII's announcement explicitly supports **seed and Series A entry**. Pre-seed is verified transactionally through Causa Prima: Creandum led a US$10 million / approximately €8.61 million pre-seed announced 2026-06-16, according to [Cinco Días](https://cincodias.elpais.com/companias/2026-06-16/causa-prima-capta-86-millones-en-una-ronda-pre-seed-para-su-ia-financiera-con-creandum-kfund-helloworld-y-angel-invest.html). Later-stage follow-ons and Signal Series B tags do not establish a dedicated growth-stage entry mandate. Additional verified fund-history sources checked in this review: - Creandum Fund I: EUR 40000000. Official retrospective confirms first fund with EUR 40 million from AP6 and Skandia. [Source](https://creandum.com/stories/20-years-of-creandum/). - Creandum Fund II: commitments undisclosed. Official retrospective identifies Fund II and its Spotify investment; no verified size in this source. [Source](https://creandum.com/stories/spotify-europes-first-real-aircraft-carrier/). - Creandum Fund III: commitments undisclosed. Official retrospective says Fund III raised in 2012; amount undisclosed in this source. [Source](https://creandum.com/stories/spotify-europes-first-real-aircraft-carrier/). - Creandum Fund IV: commitments undisclosed. Firm identifies Fund IV as investor in Factorial; amount and closing date not established here. [Source](https://creandum.com/stories/automating-your-hr-payroll-why-creandum-backed-factorial/). - Creandum Fund V: EUR 265000000. Fund issuer confirms first and final close at EUR 265 million. [Source](https://news.cision.com/creandum-v-general-partner-limited/r/creandum-raises-creandum-v--a-eur-265m-venture-fund-focusing-on-early-stage-opportunities-across-eur%2Cc2845564). Funds recorded in Adex after this review: | Fund | Disclosed amount | Announcement / filing date | | --- | --- | --- | | Creandum Fund II | Undisclosed / unverified | Unknown | | Creandum Fund IV | Undisclosed / unverified | Unknown | | Creandum Fund I | EUR 40000000 | 2003 | | Creandum Fund III | Undisclosed / unverified | 2012 | | Creandum Fund V | EUR 265000000 | 2019-06-24 | | Creandum VI | USD 500000000 | 2022-03-01 | | Creandum VII | EUR 500000000 | 2024-06-03 |
team@apexlogos.ai9 hours ago
Match research 2026-10-06 / Creandum / sha256:804d0e439c223ea76f6393c92e8041ece471960330a3f044a41bd51340e80709 / part 2 of 2 Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats. Additional historical candidates **IPtronics** (fabless semiconductors) and **13th Lab** (computer vision for mobile handsets) appear in the [official portfolio](https://creandum.com/commitments/) as exited investments. Their firm relationship and technology labels are verified there, but individual investment dates, round details and technology diligence were not resolved. They are follow-up leads rather than detailed financing entries. Spotify, Klarna and ordinary SaaS holdings were not automatically counted as deep tech. ## Neurotech and adjacent investments **No verified neurotech investment found in the sources checked.** Checks covered the exact snapshot's company roster, NFX index, official portfolio and targeted searches for Creandum with neurotech, brain and neuroscience. This is a search result with limited coverage, not a claim that no such investments exist. **Meditopia** is a verified adjacent mental-health investment: Creandum and Highland Europe co-led its US$15 million Series A; the official firm announcement is dated 2020-07-15. It provides meditation and mental-wellness content rather than evidenced brain sensing, stimulation, neural interfaces or neuroprosthetics. It should therefore not be classified as direct neurotechnology on this evidence. [Official announcement, 2020-07-15](https://creandum.com/stories/bringing-mindfulness-across-the-world-creandum-backs-meditopia/); [official portfolio mental-health description](https://creandum.com/commitments/meditopia/) (accessed 2026-10-06). General AI, robotics and photonic computing also do not constitute direct neurotech without an explicit neural application. ## Conflicts, gaps and later Adex review - Preserve **VII €500 million (2024)** and **VI US$500 million (2022)** as separate vehicles/currencies. Currency conversion estimates in directories do not change primary announcement denominations. - Retain official four-office list; investigate Signal's New York and Munich tags before treating them as operating offices. Profile-specific checks are not a reliable firm-wide range. - PAVE's company release calls Visionaries Club the lead and Creandum a participant; directory snippets naming both as leads should not supersede that evidence. The company release still contains an unfinished investor-list placeholder, so full syndicate completeness is limited. - Olix's current job-board stage says Series A while other directory search results describe a later 2026 Series B. No round amount/stage is promoted here without direct financing verification. Official portfolio proves firm association and backing year only. - Snapshot contains duplicated or variant names (BFL/Black Forest Labs/Forest, Conduct/Conduct AI, H/H AI/H Company, Hosted·ai, PAVE Space). Resolve aliases and underlying company IDs before later review; do not create duplicate investments based on names alone. - Official portfolio's “Creandum Lead” commonly identifies the responsible investor; do not equate the label with leading a funding round. The firm articles and investee announcements above provide transaction-specific leadership where available. - The Meditopia article also mentions Carl Fritjofsson personally investing in Calm.com through an AngelList syndicate in 2014; this is not evidence of a Creandum Calm investment. - Original investment amounts for Norstel and Olix, complete deep-tech roster, current AUM/dry powder, newer funds and exhaustive neurotech coverage remain unverified. Partner investments at prior employers were not attributed to Creandum. - Suggested later review: add the two dated fund vehicles, explicit seed/Series A strategy plus separately evidenced pre-seed activity, the verified deep-tech companies with evidence-qualified financing details, and Meditopia as adjacent mental health. Research only; no updates were performed.
team@apexlogos.ai9 hours ago
Match research 2026-10-06 / Creandum / sha256:804d0e439c223ea76f6393c92e8041ece471960330a3f044a41bd51340e80709 / part 1 of 2 Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats. # Creandum - **Exact Adex ID:** `Creandum` - **Adex webpage:** https://adex.page/firms/Creandum - **Official website:** https://creandum.com/ - **Research date / sources accessed:** 2026-10-06 - **Status:** Completed research for later review; no Adex or database changes made. Creandum is a European early-stage venture firm founded in 2003. Its official website lists Stockholm, Berlin, London and San Francisco offices. It has clear, directly attributable deep-tech investments across robotics, semiconductors, battery modelling and spacecraft. No verified neurotech investment found in the sources checked. Its latest-known verified fund is **Creandum VII, €500 million, closed June 2024**, rather than an investment budget or check size. [Official site, undated](https://creandum.com/); [Fund VII reporting, 2024-06-03](https://www.vestbee.com/insights/articles/creandum-closes-a-500-m-fund). ## Starting evidence: Adex and NFX Signal The exact-ID saved snapshot, `data/research/_sources/Creandum.adex.json`, was retrieved 2026-10-06 at 19:29:39 UTC using read-only Adex MCP Search. It identifies Creandum as founded in 2003, headquartered in Stockholm, with Berlin, London and San Francisco offices, investing principally at pre-seed, seed and Series A in technology businesses. Its check-minimum, check-maximum and sweet-spot fields are null. It lists substantial historical investment records, with official portfolio sources and Goldilocks enrichment. These records are starting leads, not independent verification. Deep-tech candidates include Norstel, IPtronics, 13th Lab, TWAICE, Project Eaden, Sereact, Olix and PAVE Space. Mental-health candidate Meditopia requires separating wellness software from direct neurotechnology. The baseline links [NFX Signal's Creandum page](https://signal.nfx.com/firms/creandum). Direct opening failed with an internal error; its public search-index text was accessible on 2026-10-06. Signal lists investor-level seed/Series A, occasional pre-seed and Series B interests, including hardware and IoT. Examples are Johan Brenner/Fredrik Cassel with $200,000–$7.5 million ranges, Carl Fritjofsson $1–$20 million, and Peter Specht $230,000–$9.3 million. These are profile claims, not verified firm-wide checks or committed fund amounts. It carries New York, Munich and other location tags beyond the four official offices, and requires Gmail sign-in for introduction paths. Its partner labels and location tags should not override current official organization information. The saved record's claim of 14 investors reflects its earlier September access; the current index lists multiple profiles but was not used to certify current headcount. ## Fund size and stages | Vehicle | Amount / status | Dated supporting evidence | Interpretation | | --- | --- | --- | --- | | Creandum VII | **€500 million closed**, announced 2024-06-03 | [Creandum official LinkedIn announcement](https://www.linkedin.com/posts/creandum_were-excited-to-announce-the-close-of-creandum-activity-7203274633893003264-W9e_) (indexed post displays relative age; exact date corroborated by [Vestbee, 2024-06-03](https://www.vestbee.com/insights/articles/creandum-closes-a-500-m-fund) and [The Next Web, 2024-06-03](https://thenextweb.com/news/creandum-500-million-fund-european-tech-investment)) | Official announcement explicitly calls it a close and focuses on seed and Series A in Europe. Individual fund, not AUM. Latest-known verified vehicle after searches for 2025/2026 and Fund VIII; no verified newer close found. | | Creandum VI | **US$500 million raised**, announced 2022-03-01 | [Official Creandum publication by Simon Schmincke, 2022-03-01](https://medium.com/creandum-family/creandum-vi-half-a-billion-for-early-founders-before-its-obvious-9806a930c22); [Sifted, 2022-03-01](https://sifted.eu/articles/creandum-vc-500m-fund) | Distinct from VII; retain original US dollar denomination. Supports earliest-stage Europe/US strategy at that vintage. | Vestbee reported approximately **US$2 billion AUM** in June 2024. This is a dated secondary estimate and must remain separate from the €500 million VII close; current official AUM was not established. Exact committed capital still available, dry powder and an authoritative current firm-wide check range were not verified. Current official [portfolio positioning](https://creandum.com/commitments/) (undated, accessed 2026-10-06) describes backing early-stage entrepreneurs and supporting companies from seed through IPO and beyond. Fund VII's announcement explicitly supports **seed and Series A entry**. Pre-seed is verified transactionally through Causa Prima: Creandum led a US$10 million / approximately €8.61 million pre-seed announced 2026-06-16, according to [Cinco Días](https://cincodias.elpais.com/companias/2026-06-16/causa-prima-capta-86-millones-en-una-ronda-pre-seed-para-su-ia-financiera-con-creandum-kfund-helloworld-y-angel-invest.html). Later-stage follow-ons and Signal Series B tags do not establish a dedicated growth-stage entry mandate. ## Named previous deep-tech investments The classification below is based on identifiable technical substance; it is researcher interpretation, rather than assuming every AI or software portfolio company is deep tech. Round sizes are total rounds, not Creandum's own invested amounts. | Company | Technology and rationale | Firm attribution, stage/date | Supporting evidence | | --- | --- | --- | --- | | **Sereact** | Hardware-agnostic embodied AI and vision-language-action models for robotic manipulation, with industrial pick-and-place deployments. Core robotics capability, rather than ordinary workflow SaaS. | Creandum **led €25 million Series A**, 2025-01-20. | [Sereact announcement, 2025-01-20](https://sereact.ai/es/posts/sereact-fundraising-series-a); [Creandum investment explanation, 2025-01-20](https://creandum.com/stories/backing-sereact/). The latter's “brain for robots” title refers to AI, not a human neural interface. | | **PAVE Space** | Orbital transfer spacecraft; propulsion, avionics and control engineering for moving satellites between orbits. Space hardware with substantial technical development. | US$40 million **seed**, announced 2026-03-25; company announcement names Creandum as participant and Visionaries Club as lead. | [PAVE Space press release, 2026-03-25](https://pave.space/logs/pave-space-raises-40m-seed-funding-round/); [Creandum article, 2026-03-25](https://creandum.com/stories/backing-pave-space-its-not-brain-surgery/). The headline's brain-surgery reference is figurative. | | **Olix** | AI compute architecture combining SRAM with photonics, addressing memory, energy and speed constraints; semiconductor/optical infrastructure rather than application software. | Official portfolio confirms **Creandum backed 2026**. Its “Creandum Lead” label is followed by a partner field and is not sufficient alone to certify financing leadership. Stage, first round amount and date not independently verified here. | [Official Creandum portfolio page](https://creandum.com/commitments/olix/) (undated; accessed 2026-10-06). | | **TWAICE** | Battery digital twins combining physical and data-derived models to estimate cell health, ageing and performance. Research originating at Technical University of Munich; technical battery analytics. | Creandum explicitly **led €11 million Series A**, 2020-03-24. | [Creandum dated announcement, 2020-03-24](https://creandum.com/stories/backing-twaice-the-new-standard-for-battery-analytics/); [official portfolio](https://creandum.com/commitments/twaice/) (accessed 2026-10-06). | | **Norstel** | Silicon-carbide semiconductor wafers using patented high-temperature chemical vapour deposition; materials/process technology. | Official portfolio confirms **backed in 2005**, now exited; it reports acquisition by An Xin Capital in January 2017. Stage, original round amount and exact investment date not established. | [Official portfolio](https://creandum.com/commitments/norstel/) (undated; accessed 2026-10-06). Historical relationship, not a current holding. | | **Project Eaden** | Alternative-food technology; Creandum's announcement describes technology-led meat alternatives and its climate investment rationale. Treat as food/materials technology, with mechanism and round details requiring further diligence. | Creandum **led €8 million seed**, announced 2022-06-29, alongside Magnetic VC, Atlantic Food Labs and angels. | [Creandum article, 2022-06-29](https://creandum.com/stories/project-eadens-technology-makes-saving-the-world-an-indulgence/). |
team@apexlogos.ai27 days ago
MATCH

Carl Fritjofsson Creandum, Partner, Investment Team	$6M$1M – $20M	San Francisco Bay Area · New York, New York · Europe · Los Angeles, California
Maximilian Grohmann Creandum, Associate	$4M$230K – $9M	Berlin, Germany
Peter Specht Creandum, Partner, Investment Team	$4M$230K – $9M	Berlin, Germany
Lauri Lehtmaa Creandum, Venture Partner	$4M$230K – $9M	Stockholm, Sweden
Sabina Wizander Creandum, Partner	$4M$230K – $9M	Stockholm, Sweden
Sanna Westman Creandum, Investment Manager	$4M$230K – $9M	Stockholm, Sweden
Beata Klein Creandum, Partner	$4M$230K – $9M	Sweden
Hanel Baveja Creandum, Partner	$4M$1M – $6M	New York, New York
Kilian Thalhammer Creandum, Network Partner	$500K$250K – $750K	Munich, Germany
Simon Schmincke Creandum, Partner, Investment Team	$200K$200K – $7M	Berlin, Germany
Staffan Helgesson Creandum, Founding Partner, Investment Team	$200K$200K – $7M	Stockholm, Sweden
Johan Brenner Creandum, Partner, Investment Team	$200K$200K – $7M	Sweden
Fredrik Cassel Creandum, Partner, Investment Team	$200K$200K – $7M	United Kingdom
Maria Raga Creandum, Advisor	$25K$5K – $50K	London
Alexandra Österman Creandum, Executive Assistant, Stockholm	—— – —
Beatrice Rellman Skantze Creandum, General Counsel, Stockholm	—— – —
Cam Sellers Creandum, Investment Team, London	—— – —
Clara Leise Creandum, Investment Team, Berlin	—— – —
Daniel Blomquist Creandum, Fund Partner, Stockholm	—— – —
Daniel Ovenden Creandum, Talent Team, London	—— – —
Emelie Odelfalk Creandum, Executive Assistant, Stockholm	—— – —
Filip Mark Creandum, Investment Team, Stockholm	—— – —
George Goldhagen Creandum, Marketing Lead, London	—— – —
Ghazwa Khalatbari Creandum, Investment Team, San Francisco	—— – —
Ginger Hilb Creandum, Head of Offices, Berlin	—— – —
Isabelle Sandblom Creandum, Executive Assistant, London	—— – —
Jakob Stein Creandum, Investment Team, Berlin	—— – —
Jesper Psilander Creandum, Legal Principal, Stockholm	—— – —
John Nilsson Creandum, Financial Controller, Stockholm	—— – —
Josefin Bladh Creandum, Senior Fund Controller, Stockholm	—— – —
Katarina Lilljequist Briem Creandum, Executive Assistant, Stockholm	—— – —
Kathi Wilhelm Creandum, Investment Team, Berlin	—— – —
Lisa Selke Creandum, Head of Executive Support, Berlin	—— – —
Lovisa Wahlberg Creandum, Head of Events, Stockholm	—— – —
Michelle Coventry Creandum, VP Talent, London	—— – —
Naomi Kellner-Read Creandum, Office Manager, London	—— – —
Nelson Casata Creandum, Investment Team, London	—— – —
Niclas Engström Creandum, Finance Director, Stockholm	—— – —
Oscar Ponce Creandum, Legal Counsel, Stockholm	—— – —
Peter Stilwell Creandum, Operating Partner, London	—— – —
Richard Keuntje Creandum, Investment Team, London	—— – —
Sarah Otter Creandum, Investment Team, London	—— – —

Funds7

Team

Co-investing

Investments