andum’s previous fund, Fund VII, which was a €500m ($560m) fund.

The new fund will back founders at seed and Series A, with half of the capital going to new investments and the rest to follow-on rounds, the VC said.

Creandum said it has raised funding for the fund from ”multiple elite US and European institutional investors”. Creandum has had a presence in San Francisco since 2012 and has now opened a new office in the city, it said.

It said Creandum staff in the US will work alongside Creandum staff in Stockholm, London and Berlin, giving founders a single partner across Europe and the US.

Creandum pointed out that capital flows between the US and European tech remain largely one-directional, with roughly half of all capital invested in European tech coming from the US over the last year, while very little US tech funding came from Europe.

It added: “As US venture firms increasingly compete for deals in Europe, Creandum is expanding its work in San Francisco, while continuing to back founders across Europe.”

Staffan Helgesson, founder & partner, said: “After nearly 25 years in venture, one belief has only grown stronger: it’s the founders you back that matter most. With Fund VIII, we remain focused on one simple thing - finding the boldest and most ambitious early-stage founders in Europe - and increasingly in the US - and being the first to back them. That core focus is what led us to incredible companies like Lovable, Spotify, Modal, Black Forest Labs, and Rillet, to name but a few.”

28:T47e,{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://nvdium.com/en/articles/424356700#article","url":"https://nvdium.com/en/articles/424356700","headline":"Lovable and Black Forest Labs backer Creandum closes $750M fund","description":"European early-stage VC firm Creandum, which has backed the likes of Lovable, Klarna and Black Forest Labs, today said it had closed its largest ever fund, a…","datePublished":"2026-11-02T13:26:14.3