CREANDUM III ADVISOR AB

Thesis

Creandum III Advisor AB, associated with the Swedish venture capital firm Creandum established in 2003, supports Creandum's third fund which closed with €300 million. The fund's investment thesis is to identify and back 'the companies of tomorrow before it's obvious,' focusing on ambitious technical founders with global aspirations and a strong emphasis on product experience and design. Their strategy is generalist, covering six primary verticals: SaaS, infrastructure, fintech, consumer, climate, and health, with specific interests in enterprise software, fintech, and healthcare technology. They also consider consumer ventures leveraging internet and mobile technologies, as well as software and hardware investments. Creandum III avoids copycats, incremental improvements, non-technical teams, and businesses reliant on regulatory arbitrage. The primary geographic focus is the Nordic region, expanding into broader European markets. While the Creandum group has a US presence to support European companies, Creandum III's core is Europe. They target early-stage opportunities, primarily seed and Series A, occasionally Series B, and rarely invest beyond Series C. The fund size is €300 million, with the broader Creandum group managing approximately €2 billion across multiple funds. The typical check size for the Creandum firm ranges from $1 million to $10 million, with a sweet spot around €3 million for seed and Series A rounds, and they often lead seed rounds in their core sectors.

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