VAST VIEW Spotify Backer Creandum Closes Fresh $750M Fund to Hunt Europe and US Startups
Early Spotify investor Creandum has raised a new $750 million fund, betting big on tech growth across Europe and the United States.
Photo by viarami via Pixabay
Creandum, the venture capital firm best known for its early bet on Spotify, has raised a new $750 million fund aimed at backing startups across Europe and the US, according to Bloomberg.
Partner Peter Specht discussed the fundraise and the firm's deployment plans in an interview with Bloomberg's "The Opening Trade," speaking with hosts Tom Mackenzie, Guy Johnson and Anna Edwards.
The new capital signals continued investor appetite for technology bets on both sides of the Atlantic, with Creandum positioning the fund to pursue opportunities in multiple markets rather than concentrating on a single region.
Sources: Bloomberg Markets
More from Money
Ryanair boss Michael O'Leary addressed rising costs and fuel prices in a new Bloomberg interview, signaling that airfares could climb further.
Traders are on alert as Washington signals a possible overhaul of the guidance that shapes how the US sells its Treasury bonds, according to Bloomberg.
Wall Street got slammed Friday as weak earnings from major tech companies triggered a steep selloff, sending the Nasdaq to its worst single-day drop in months.