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Creandum

Venture Capital · Founded 2003 · Stockholms kommun, Sweden

#70 Investor Ranking 2026 Top 0.5% of investors worldwide

European firm specializing in early-stage investments

168 Portfolio companies+49% in 5 years
25 Unicorns
2 Decacorns
335 Investments
Aug 2026 Last investment
02 · Biggest holdings

Creandum’s biggest current holdings.

Creandum is a named shareholder in 11 companies. Dealroom estimates those stakes are worth about $2.0B in total — the disclosed percentage × each company’s latest valuation. The 11 biggest are below, each sized by that estimate.

#CompanyEst. stakeValuationEst. value
  1. 1 Trade RepublicFintech · Decacorn 3.5% $12.5B $438M
  2. 2 LovableEnterprise Software · Unicorn 5.5% $6.6B $363M
  3. 3 Virta HealthHealth · Unicorn 14.5% $2.0B $290M
  4. 4 PleoFintech · Unicorn 10% $2.3B $230M
  5. 5 Epidemic SoundMusic · Unicorn 12% $1.4B $168M
  6. 6 FactorialEnterprise Software · Unicorn 6.5% $2.5B $162M
  7. 7 8% $2.0B $160M
  8. 8 7% $2.2B $154M
  9. 9 14.98% $265M $40M
  10. 10 12.5% $68M $8M
  11. 11 8.25% $64M $5M

5 companies hidden on this public profile. Estimated value = Creandum’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Creandum also appears inside investor groups in Black Forest Labs, Bolt, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →

03 · Exits

Creandum’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Creandum’s transaction record.

$30B IPO · 2018
Entered Series ANow $90BMusic
$15B IPO · 2025
Entered Series B+Now $4.9BFintech
$4.9B IPO · 2018
Now $7.0BSecurity
$6.2B IPO · 2025
Now $6.9BTravel
$2.4B acquisition · 2018
Entered Series AFintech
$500M IPO · 2019
Entered SeedNow $2.0BGaming
$1.6B acquisition · 2021
Entered Series AFashion
04 · Portfolio analysis

Where Creandum’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 168 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Sweden44
  2. Germany31
  3. UK29
  4. USA26
  5. Finland11
  6. Denmark10
  7. France5
  8. Norway5
  9. Hungary3
  10. Switzerland3
  11. Czechia2
  12. Estonia2
By sectorCount
  1. Enterprise Software62
  2. Fintech34
  3. Media22
  4. Transportation16
  5. Gaming13
  6. Health13
  7. Food12
  8. Marketing11
  9. Jobs Recruitment7
  10. Energy6
  11. Security6
  12. Semiconductors6
By stage enteredCount
  1. Series A81
  2. Seed72
  3. Series B+14
By growth stageCount
  1. Breakout Stage76
  2. Early Growth56
  3. Late Growth47
  4. Mature1
05 · Portfolio market map

Inside Creandum’s portfolio.

The 60 highest-funded portfolio companies, of 168 tracked.

Klarna
Fintech · Unicorn
$4.9B
Spotify
Music · Decacorn
$90B
Bolt
Food · Unicorn
$6.8B
Navan
Travel · Unicorn
$6.9B
Trade Republic
Fintech · Decacorn
$13B
Kry
Health · Unicorn
$2.0B
Neo4j
Enterprise Software · Unicorn
$2.2B
Lovable
Enterprise Software · Unicorn
$6.6B
OLIX
Semiconductors · Unicorn
$3.3B
Epidemic Sound
Music · Unicorn
$1.4B
Voi
Transportation
$375M
Modal
Enterprise Software · Unicorn
$4.7B
Black Forest Labs
Media · Unicorn
$3.3B
Pleo
Fintech · Unicorn
$2.3B
Tide
Fintech · Unicorn
$1.5B
Virta Health
Health · Unicorn
$2.0B
Factorial
Jobs Recruitment · Unicorn
$2.5B
Taxfix
Fintech · Unicorn
$1.0B
Pipe
Fintech · Unicorn
$2.0B
terralayr
Energy
$273M
Kahoot!
Gaming · Unicorn
$2.0B
Yu Life
Health
$800M
Zettle
Fintech · Unicorn
$2.4B
H Company
Enterprise Software
$370M
Vivino
Food
$700M
Augustus
Fintech · Unicorn
$1.0B
Seon
Security
$470M
CAST AI
Enterprise Software · Unicorn
$1.0B
Vay
Transportation
$475M
Elastic
Security · Unicorn
$7.0B
CarOnSale
Transportation
$328M
Fuse Energy
Energy
$120M
Sereact
Robotics
$24M
Billie
Fintech
$640M
Monta
Energy
$352M
Xeneta
Transportation
$265M
Distribusion Technologies
Transportation
$320M
Lokalise
Enterprise Software
$247M
Swan
Fintech
$185M
Rillet
Fintech
$500M
Prewave
Transportation
$277M
Depop
Fashion · Unicorn
$1.4B
Abacum
Fintech
$240M
Nanoradio
Semiconductors
$50M
Appcharge
Gaming
$232M
CAKE
Transportation
Firstvet
Health
$175M
Lindus Health
Health
$220M
BLAST
Gaming
$68M
Conduct
Enterprise Software
$240M
TWAICE
Energy
$120M
Soundtrack Your Brand
Music
$110M
Cargo One
Transportation
$168M
Argent
Security
$160M
Leapsome
Enterprise Software
$240M
Midas
Fintech
$200M
Plancraft
Fintech
$167M
Embat
Fintech
$132M
Planday
Jobs Recruitment
$154M
Small Giant Games
Gaming
$700M
06 · Portfolio founders

Where Creandum’s portfolio founders come from.

200 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. Germany45
  2. Sweden35
  3. United States28
  4. United Kingdom26
  5. France8
  6. Norway8
  7. Switzerland7
  8. Denmark6
  9. Peru6
  10. Spain6
UniversityCount
  1. KTH Royal Institute of Technology8
  2. Stockholm School of Economics8
  3. University of Oxford8
  4. Stockholm University6
  5. Copenhagen Business School5
  6. HEC Paris5
  7. Ludwig Maximilian University of Munich5
  8. ETH Zurich4
  9. Harvard Business School4
  10. Stanford University4
Previous companyCount
  1. McKinsey & Company9
  2. Boston Consulting Group8
  3. Alphabet | Google6
  4. Goldman Sachs5
  5. Microsoft5
  6. Palantir4
  7. AXA Life Japan3
  8. Deutsche Bank3
  9. Morgan Stanley3
  10. SSE Business Lab3