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ARTICLE · 11 MARCH 2016

€180 Million Venture Capital Fund Established In Guernsey

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

With a heritage that dates back to 1898, Carey Olsen is one of the most established and...

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Venture capital firm Creandum has 12 years' experience with over 50 start-ups, mostly focusing on the Nordic region.

GuernseyFinance and Banking
David Crosland
David Crosland
Claire Cooke
Claire Cooke
Rachel De La Haye
Rachel De La Haye
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Lawyers from Carey Olsen's Guernsey funds team have advised Creandum on the establishment of their latest venture capital fund, Creandum IV, which was oversubscribed and held a first and final closing at €180 million. Private Equity Administrators Limited, Creandum's long term administrator, has again been appointed to provide administration services to the new fund.

Venture capital firm Creandum has 12 years' experience with over 50 start-ups, mostly focusing on the Nordic region. Creandum IV represents their largest early stage fund and was backed by a diverse global investor base from the Nordic region, Europe, the Middle East and North America.

The fund will provide early stage investment for European technology companies with the potential to invest up to €20m over a company's lifecycle. The fund will also support the US expansion of European technology companies at a time when the European tech scene is strengthening.

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