Lovable and Black Forest Labs backer Creandum closes $750M fund
Creandum, a European venture capital firm with a track record backing companies like Lovable, Klarna and Black Forest Labs, announced the close of Fund VIII at $750M, surpassing its previous $560M fund. The new capital will support seed and Series A investments across Europe and the US, with 50% allocated to new deals and the rest to follow-on rounds. The firm has established a new San Francisco office to bridge US-Europe capital flows, addressing the historical imbalance where roughly half of European tech funding originates from the US.
Key points
- Creandum closes $750M Fund VIII, largest fund to date
- Focuses on seed and Series A funding across Europe and US
- Opened new San Francisco office to bridge transatlantic investment
- Addresses capital flow imbalance between US and European tech markets
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