Creandum closes $750m Fund VIII, its largest to date, to back AI startups

Creandum said it raised the new fund from multiple US and European institutional investors. The firm has backed companies including Lovable, Klarna and Black Forest Labs. According to EU-Startups, one in six of the companies Creandum has backed has grown into a business valued at $1 billion or more.

The firm, which has had a presence in San Francisco since 2012, said it has opened a new office in the city, where its staff will work alongside colleagues in Stockholm, London and Berlin. Creandum noted that capital flows between US and European tech remain largely one-directional, with roughly half of all capital invested in European tech over the past year coming from the US.

Creandum VIII is among a series of European venture fundraising announcements in 2026. EU-Startups cited London-based QuantumLight's €432 million second fund, Berlin-based Earlybird VC's €360 million Fund VIII, and Seedcamp's €279 million raised across two vehicles, alongside Sweden's Norrsken Evolve (€62 million) and Turbine Capital (€54 million).

Gallium Defense Exits Stealth With €7.1 Million for Low-Cost Drone Detection

The Paris-based startup raised a Seed round led by Keen Venture Partners and 360 Capital to build affordable radars for critical infrastructure and military sites.