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.…

This story continues at The Next Web https://thenextweb.com/news/creandum-500-million-fund-european-tech-investment