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Investors revive enthusiasm for European tech start-ups

Early Spotify backer Creandum raises €500mn in ‘record time’ as venture capitalists predict return to growth this year
Creandum is the latest European-focused private tech investor to secure fresh capital for start-ups this year

Green shoots are appearing for Europe’s technology start-ups after a two-year investment drought, as dealmaking picks up among early-stage companies and venture capitalists raise new funds.

Creandum, an early backer of Spotify, Klarna and Depop, unveiled a €500mn fund on Monday, becoming the latest European-focused private tech investor to secure fresh capital for start-ups this year.

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