Lakestar Closes $600 Million European VC Funds

Switzerland

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Lakestar announced the recent closing of their latest funds, Lakestar Early IV and Lakestar Growth II, for around $600 million to inject new capital into the next generation of European startups, bringing Lakestar’s assets under management to €2bn.

Lakestar invests in disruptive businesses enabled by technology and founded by exceptional entrepreneurs in Europe and beyond, through dedicated early-stage and growth funds.

Both new funds will focus their investments across geographies, with a focus on Europe in sectors such as AI, digitalisation, deep tech, healthcare, and fintech.

The funds are aligned with Lakestar’s commitment to forge a stronger future for Europe by nurturing the region’s innovation and tech ecosystem through the funding of business models which support economic growth and social prosperity.

These new funds have already led investments in tech companies such as energy supplier platform Fuse Energy (UK), embedded finance solution Swan (France), healthtech company Nelly (Germany), NEKO Health (Sweden), the preventative health care technology company co-founded by Daniel Ek, and AI text-to-video technology platform Colossyan (UK/Hungary).

With the closing of the two funds, Lakestar will deploy new capital backed by a mix of limited partners (LPs), including sovereign wealth funds, family offices, fund of fund investors and other institutional and individual players, including founders. The closing of Lakestar Early IV and Lakestar Growth II places Lakestar in a strong position to further deepen its impact on Europe’s entrepreneurial community.

Klaus Hommels, Founder and Chairman of Lakestar said:

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Lakestar is supported by a diverse team of 40, spanning 15 nationalities across London, Berlin, and Zurich and takes an active role in supporting its portfolio which includes the likes of Revolut, IsarAerospace, sennder, AccurX and Builder.ai.

In addition to financial resources, Lakestar provides access to its extensive partner and founder ecosystem, expertise, extensive network, and influential voice to drive its companies to success and strengthen Europe’s tech sovereignty. The company also recently co-published its latest edition of the ‘State of Quantum Report’ along with its third iteration of the ‘European Deep Tech’ report.

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