Swedish VC Creandum Raises $750M for Largest-Ever Fund to Back AI Startups
Swedish VC Creandum closed its largest-ever fundraise, aiming to support the AI boom with larger early-stage rounds.
Swedish venture capital firm Creandum has raised $750 million for its eighth fund, marking the largest fundraise in the firm's history. The raise comes amid a rush by investors to back hot AI startups in increasingly large early-stage rounds.
According to Sifted, Creandum has tripled its presence in San Francisco over the last two years, highlighting its focus on the US AI ecosystem. The fund will provide capital to early-stage AI companies, reflecting the current trend of primary market capital concentrating on top-tier AI projects.