Creandum raises €500M fund as European tech investment shows signs of recovery

Swedish VC firm Creandum — an early backer of Spotify and Klarna — has raised €500mn to fund budding European tech startups. The fund comes at a potentially watershed moment for tech investment in Europe. After a two-year capital dry spell in the wake of the COVID-19 pandemic, the sector is showing signs of a comeback. “We feel very bullish about the prospects for Europe,” Creandum said in a statement. “In the last quarter, we saw upticks both in funding and valuations largely driven by AI and SaaS.”  Creandum’s fundraising follows a number of other big deals made this year.…

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