Creandum

🔥Lovable is Europe’s hottest AI company and we’re thrilled to be leading their pre-series A. 💚🖤 What Anton Osika, Fabian Hedin and their team have achieved in just 3 months is mind blowing 🤯 - $17m in ARR - 30,000+ paying customers - 25,000 new projects created every day on the platform, from websites to SaaS products and much more - Surpassed other AI software developer products - Nearly brought down GitHub! 🖤Lovable is an AI fullstack software engineer that lets anyone build fully functioning websites and apps without needing any coding skills. Simply describe what you want and Lovable will build it. 🚀Lovable is the fastest growing company we’ve ever seen. We haven’t seen this level of user love for a product since we led Spotify’s Series A. 🇪🇺Lovable is proof that global, category-defining AI companies can come from Europe and the talent is here. They’ve assembled an incredible, high performing, highly ambitious team. And they’re hiring (check out the link below for openings). You can read more about our investment in Mike Butcher ✍️'s TechCrunch article and in Fredrik's blog (links in comments 👇). We’re excited to back Lovable alongside our friends at Hummingbird Ventures and byFounders as well as some incredible angels, including Adam D'Angelo (OpenAI), Charlie Songhurst (Meta), Thomas Wolf (Hugging Face) and fellow portfolio founder, Erik Bernhardsson (Modal).

🚀 doinstruct raises €16.5m Series A 🚀 Last year, we led their seed round, blown away by how their product solves the problem of training workers and achieving compliance for businesses in industries from food processing to construction to logistics to manufacturing and more. Their AI-powered platform is built with the needs and behaviors of these workers front of mind - mobile-first, no app to download or password to remember, bite-sized content, automated, available in 25+ languages. doinstruct boosts knowledge retention by 60% and cuts training costs in half. They've seen incredible traction with customers including, DO & CO AG, WIESENHOF Geflügel-Kontor GmbH, Voelkel, SCHMITZ FEUERWEHRTECHNIK, and ECHTERHOFF. Customers report reducing new worker integration time from weeks to days. HV Capital is leading this round and we’re very happy to participate alongside other existing investors, including HTGF | High-Tech Gründerfonds and D11Z.Ventures GmbH & Co. KG . Congrats to Charlotte Rothert, Mona Feder, Daniel Marinkovic and the team. They have huge momentum and we’re excited to see them expand across Europe and integrate AI even more deeply into their approach. Read Simon Schmincke's original investment thesis and Nadine Schimroszik's reporting on the round in Handelsblatt in the comments below.

Heading to the Start Summit in St Gallen this week? Don’t miss this incredible panel featuring Robin Rombach, co-founder and CEO of Black Forest Labs, one of Europe’s most exciting AI companies, alongside our very own Peter Specht and Northzone’s Michiel Kotting. They’ll discuss BFL’s incredible journey, key trends in the sector and the role of venture in shaping AI’s future in Europe. “From Seed to Tree: Europe’s Path Through the AI Forest”. Thursday 20th March, Summit Stage #Start25

The news we all have been waiting for. A very important event for European tech and testament to the quality company Sebastian and the Klarna team have built. And they just got started. 👊💪🔥 https://lnkd.in/dFMdn_Mp

📣 Calling all coders & builders We’re joining forces with our friends at Entrepreneurs First , Lovable and Iterate.com to host a special Builders’ Retreat in the UK from April 25th-28th. 15 of Europe’s most exceptional builders coming together for 72 hours of uninterrupted creation. Zero distractions. Just you, your code, and a room full of peers who move at your speed. With support from Lovable, Creandum, EF, and Monzo co-founder and former CTO, Jonas Templestein’s, Iterate.com. Limited spots available. Apply now using the link in the comments 👇 Nelson Casata Richard Keuntje Nad Chishtie David Ola

We’re delighted to welcome Filip Mark as our latest addition to the investment team! Filip's love for great products runs deep. Whether it was finding backdoors to a Spotify license years before its US launch or building our portfolio company Passionfroot into an AI-driven creator ad platform, Filip has always gravitated toward companies that shape culture. Along the way, he’s been a consultant, investor, operator, and even a ski guide (though some skis didn’t survive the ride). As part of our extended family at Passionfroot, he experienced firsthand what it takes to go from zero to one, scaling a product from scrappy MVP to  one that serves the largest tech companies and creators in the world alongside co-founder Jennifer Phan . Now, he’s bringing that product-obsessed mindset to Creandum’s investment team in Stockholm—helping us find and back the next generation of category-defining companies. Welcome aboard, Filip 🚀

🏥 60% of US adults have a chronic disease. Around the world, societies are facing the challenges of aging populations and rises in chronic conditions. 📈 The key to moving towards more predictive and preventative, patient-centered care lies in data. 📠 Today, patient data is stored in siloes, transferred using outdated methods like fax, or simply lost. Nearly 1 in 5 lab tests go incomplete, delaying care. The proliferation of wearables from Oura rings to sleep trackers to glucose monitors means that there is more health-related data than ever before available. Data which can be hugely effective at predicting and preventing illness if it can be integrated and made actionable. Introducing Junction (formerly Vital) whose $18m Series A we are leading alongside existing investors, Y Combinator, Point Nine , 20VC and Amino Collective. Junction’s mission is to power the future of personalized care through a unified health data platform that connects lab tests, wearables and medical devices through a single API. Junction already powers over 140 healthcare organizations, including leaders like Found, Parsley Health, and Evidation, supporting over 500k lab tests annually and over 2 million connected devices. 🚀The opportunity here is immense. A 2020 McKinsey & Company report estimates that $250m of US healthcare spending could shift to virtual care delivery. We’re excited to join Maitham Dib and the team on this journey. Read more about the investment in Sabina Wizander’s blog and in Mike Butcher ✍️'s reporting for TechCrunch. Links in the comments 👇

Don't miss the latest episode of 20VC where Anton Osika and Harry Stebbings discuss Lovable's incredible journey 🚀 - $17m ARR in just 3 months - adding $2m ARR a week - 85% day 30 retention With a couple of shout outs to our very own Fredrik Cassel Link below 👇

Great to see how fellow portfolio company Neo4j has played a key role in Klarna's internal roll out of AI. 💚 💪 🚀 cc Johan Brenner

Congrats to Sereact co-founder Ralf Gulde for being featured on Bloomberg's Daybreak Europe! He shared insights on Sereact’s recent €25M Series A round, led by the Creandum funds. 🦾 This top-tier media feature highlights Sereact's role at the forefront of building embodied AI for robotics. Link to the full interview in the comments 👇