Nordic Entrepreneurial Ecosystems by Venture Capitalist Staffan Helgesson, Partner at Creandum

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@shelgesson @creandum

Copyright CREANDUM 2013

THIS IS CREANDUM

CREANDUM’s investment focus is made up by four key principles

> Create early stage diversified technology portfolio

> Make sure of homerun potential

> Be the first institutional investor

> Nordic focus and opportunistic elsewhere

To be the leading technology venture capital fund in Europe measured by reputation and returns

“ ”

Some CREANDUM investments

ENTREPRENEURIAL ECOSYSTEMS

The Dinosaur Problem

The Official Solution – More R&D

Todays Nordic Winners

Tomorrows NEW companies come out of today’s OLD/EXISTING

companies, not

Academia and Public R&D Investment Companies

“

”

The Ecosystem is the solution

Service providers

Community

Limited Partners

VC’s & Angels

Incubators/ Accelerators

Entrepreneurs

Tax, Legal & Public

Framework

Enterprises

Universities

Largest issues

Limited Partners

Tax, Legal & Public

Framework

Enterprises

NORDIC COMPANY BUILDING

Nordic technology firms represent significant portion of global BUSD exits…

Source: NVCA, EVCA, Thompson, Dow Jones, Creandum, Balderton

•  Nordic companies represented 7.5% of all global billion dollar technology exits •  In terms of M&A exit value, the Nordics represented ~18% vs the US during ‘06-’08 but only 5%

of active VC firms and likely 1-2% of capital under mgmt

IPO: 6.7 BUSD M&A: 2.75 BUSD IPO: 1 BUSD M&A: 1 BUSD

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Exit Value (MUSD) BUSD Technology Exits 2005-2012 (ytd) Nordic (4) Rest of Europe (7)

US (26) China (14) Others (3)

Source: Creandum

SendIt

10 MEUR 50 MEUR >100

MEUR

>250 MEUR

>500 MEUR

Exit Value

Revenue

Median Exit Value: 242 MEUR Average Exit Value: 483 MEUR

42 tech exits >100 MEUR past 10 years

THANK YOU!

#UlabsVentures @shelgesson @creandum