Finnish Industry Investment commits to Creandum III fund

Finnish Industry Investment Ltd has made a €7.5m (£5.9m) commitment to Creandum Advisor’s new venture capital fund.

Creandum III invests in early- and later-stage technology companies in the Nordic countries.

The investment focus is on consumer ventures with internet and mobile technologies, as well as on software and hardware investments.

Creandum III raised €92.5m from Nordic and international institutional investors at its first closing, and aims at €150m in its final closing.