HomeGermanyLakestar Closes Latest Fund Generation, At $600M

Lakestar Closes Latest Fund Generation, At $600M


Lakestar, a London, UK- Berlin, Germany- and Zurich, Switzerland-based venture capital firm that invests in digital and technology entrepreneurs worldwide, raised $600M for its latest fund generation.

The firm closed Lakestar Early IV and Lakestar Growth II to back the next generation of European startups, bringing assets under management to €2 billion. Limited Partners (LPs) include sovereign wealth funds, family offices, fund of fund investors and other institutional and individual players, including founders.

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. These new vehciles 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).

Led by Klaus Hommels, Founder and Chairman, 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 new funds are complemented by the firm’s partnership with some of the leading European Tech Universities, such as TUM (UnternehmerTUM), ETH, Aachen and Oxford. Lakestar also continues to invest alongside some of Europe’s angels through its “Halo Fund”, a community-based angel programme designed to co-invest with European angels in pre-seed stage deals.

The firm also recently co-published its latest edition of the ‘State of Quantum Report’ along with its third iteration of the ‘European Deep Tech’ report.