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Creandum closes $750 million Fund VIII

AI · First reported 2 Nov, 12:04 · Updated 12:43

Image: Wikimedia Commons · NASA Earth Observatory image by Lauren Dauphin, using Landsat data from the U.S. Geological Survey. Story by Adam Voiland. · Public domain

Creandum says its new $750 million fund will invest in seed- and Series A-stage companies, dividing capital between new investments and follow-on rounds. It has also opened a new San Francisco office.

  • Creandum closed Fund VIII at $750 million, its largest fund to date; its previous fund was €500 million, which the article gives as $560 million.
  • The fund will invest at seed and Series A, with half its capital for new investments and half for follow-on rounds.
  • Creandum has opened a San Francisco office; the firm says its US staff will work with teams in Stockholm, London and Berlin.
Summary written by Lux AI from 2 articles

Key facts

Fund
Fund VIII, $750 million
Previous fund
Fund VII, €500 million ($560 million)
Investment stages
Seed and Series A
Capital allocation
Half for new investments and half for follow-on rounds
San Francisco presence
Creandum says it has been present since 2012 and has opened a new office

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