Swedish VC investor to open Berlin office

Creandum, the Swedish venture capital investor focused on consumer, software and hardware companies, is set to open an office in Berlin targeting that city’s burgeoning technology sector.

According to Swedish business daily Dagens Industri, the investor attracted SEK1.7bn (€172m at today’s rates) to its fourth VC fund in January this year, at which point it also recruited two staff with connections to the Berlin technology sector. Creandum’s own comment on the closure of its Creandum IV fund noted that it has had the backing of investors such as Skandia and AP6 since the inception of its first fund back in 2003. It also noted that in the past decade, some 10% of the world’s “billion dollar exits” have been made from investments in the Nordic region.

According to a Twitter post dated 31 October, Creandum is opening its Berlin office in “Spring 2017” and is looking for “an internationally minded, analytical tech enthusiast to work with us…for 3-6 months”. The position is billed as an internship, however, DI cites Creandum partner Daniel Blomquist stating that one other person from the Stockholm headquarters may join the new office, alongside Simon Schmincke – one of the two locals hired earlier. Schmincke came to Creandum from another VC firm, Earlybird.

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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