---
title: "Tech.eu: Creandum closes $750M Fund VIII"
url: https://stacklist.com/card/a4de911a-0359-4a80-95c4-75251e0b7a36
source_url: "https://tech.eu/2026/11/02/lovable-and-black-forest-labs-backer-creandum-closes-750m-fund-had/"
stack: https://stacklist.com/c/finance/stack/22f7c9a4-3e3f-4847-a2e1-1b56182d69af
summary: "Creandum, a European early-stage VC firm, has closed its largest fund ever at $750M (Fund VIII), up from its previous €500M fund, with plans to invest heavily in AI and expand operations across Europe and the US. The fund will back seed and Series A founders, with half the capital allocated to new investments and half to follow-on rounds."
tags: "venture-capital, fundraising, creandum, ai-investment, early-stage"
key_entities: "Creandum (organization), Lovable (organization), Black Forest Labs (organization), Klarna (organization), Spotify (organization), Staffan Helgesson (person), John Reynolds (person), San Francisco (location), Stockholm (location), London (location), Berlin (location), Europe (location), artificial-intelligence (concept)"
classification: "news"
content_hash: "sha256:d6166ff8d647ce45b07fd6c13198c880900b34c269ef0957eb9c91d58a1410b0"
acp_version: "0.2"
token_counts_approximate: 630
visibility: public
agent_accessible: true
status: "final"
---

# Tech.eu: Creandum closes $750M Fund VIII

VC Fund Lovable and Black Forest Labs backer Creandum closes $750M fund The $750m fund marks an increase on its previous €500m ($560m) fund. John Reynolds 02 November 2026 Share Facebook Twitter Linkedin Share Send email Copy link European early-stage VC firm Creandum , which has backed the likes of Lovable, Klarna and Black Forest Labs, today said it had closed its largest ever fund, a $750m fund. The new $750m fund, Fund VIII, is up in size from Creandum’s previous fund, Fund VII, which was a €500m ($560m) fund. The new fund will back founders at seed and Series A, with half of the capital going to new investments and the rest to follow-on rounds, the VC said. The fund is likely to invest heavily in AI, with its current portfolio including AI firms Lovable, Olix, Modal and Black Forest Labs. Creandum said it has raised funding for the fund from ”multiple elite US and European institutional investors”. Creandum has had a presence in San Francisco since 2012 and has now opened a new office in the city, it said. It said Creandum staff in the US will work alongside Creandum staff in Stockholm, London and Berlin, giving founders a single partner across Europe and the US. Creandum pointed out that capital flows between the US and European tech remain largely one-directional, with roughly half of all capital invested in European tech coming from the US over the last year, while very little US tech funding came from Europe. It added: “As US venture firms increasingly compete for deals in Europe, Creandum is expanding its work in San Francisco, while continuing to back founders across Europe.” Staffan Helgesson, founder & partner, said: “After nearly 25 years in venture, one belief has only grown stronger: it’s the founders you back that matter most. With Fund VIII, we remain focused on one simple thing - finding the boldest and most ambitious early-stage founders in Europe - and increasingly in the US - and being the first to back them. That core focus is what led us to incredible companies like Lovable, Spotify, Modal, Black Forest Labs, and Rillet, to name but a few.” creandum Europe Black Forest Labs Lovable Write Comment Lovable and Black Forest Labs backer Creandum closes $750M fund Comments Would you like to write the first comment? Login to post comments Follow the developments in the technology world. What would you like us to deliver to you? Weekly Newsletter Daily Newsletter Event Announcements Save my choices Your subscription registration has been successfully created.